Law Firms

Bruce MacEwen’s blog, Adam Smith, Esq., writes about “The Great De-Leveraging” and explores whether leverage (the ratio of associates to partners) is still part of a sensible business model for law firms. It turns out the answer isn’t easy.

Law Firms /
Weatherstorm

Just as I was thinking it was about time to publish a column on the topic of “leverage” at law firms (roughly speaking, the associate to partner ratio, although there’s more than one way to calculate something that people will call “leverage”), here comes a slew of pieces on the topic, including: Prof. Larry Ribstein […]

Bruce MacEwen’s blog, Adam Smith, Esq., writes about “The Great De-Leveraging” and explores whether leverage (the ratio of associates to partners) is still part of a sensible business model for law firms. It turns out the answer isn’t easy. Read More »

A global coalition of law firms representing victims of Bernard Madoff’s alleged Ponzi scheme will today meet to plot their case against the fund manager.

Law Firms /

A global coalition of law firms representing victims of Bernard Madoff’s alleged Ponzi scheme will today meet to plot their case against the fund manager. Three British firms among 34 that have joined forces to coordinate legal action against the disgraced investment manager, who is accused of perpetrating a $50 billion fraud. The law firms,

A global coalition of law firms representing victims of Bernard Madoff’s alleged Ponzi scheme will today meet to plot their case against the fund manager. Read More »

Wall Street pariah Bernard Madoff is set to leave his midtown penthouse twice this week, get into a vehicle accompanied by security guards and be driven downtown to federal court.

Law Firms /

Wall Street pariah Bernard Madoff is set to leave his midtown penthouse twice this week, get into a vehicle accompanied by security guards and be driven downtown to federal court. Madoff, 70, who has been under house arrest since December, should enjoy those chauffeured tours while he can. For Madoff, time as a free man,

Wall Street pariah Bernard Madoff is set to leave his midtown penthouse twice this week, get into a vehicle accompanied by security guards and be driven downtown to federal court. Read More »

What’s remarkable about Marc Dreier is that he fooled so many people for such a long time. There was faith in Dreier, who until last December, delivered on his promises. Until he self-destructed.

Law Firms /
Dreier3

What’s remarkable about Marc Dreier is that he fooled so many people for such a long time. There was faith in Dreier, who until last December, delivered on his promises. Until he self-destructed. At the end, when his longtime client had found out about the phony promissory notes and the auditor’s lawyer was threatening to

What’s remarkable about Marc Dreier is that he fooled so many people for such a long time. There was faith in Dreier, who until last December, delivered on his promises. Until he self-destructed. Read More »

A second major law firm, this time O’Melveny & Myers, has announced cuts affecting hundreds of lawyers and support staff, the day after Orrick announced major staffing cuts.

Law Firms /

A second major US law firm, this time O’Melveny & Myers, has announced cuts affecting hundreds of lawyers and support staff, the day after Orrick announced major staffing cuts. One round of layoffs hasn’t been enough to stem the tide of falling profits at some major law firms, the National Law Journal reports. The cuts

A second major law firm, this time O’Melveny & Myers, has announced cuts affecting hundreds of lawyers and support staff, the day after Orrick announced major staffing cuts. Read More »

Justice Department officials intend to release more secret legal memos that underpinned the Bush administration’s approach to national security issues, responding to pressure from Democratic lawmakers and interest groups that have sued for access to the sensitive materials, sources said yesterday.

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Justicedept

Justice Department officials intend to release more secret legal memos that underpinned the Bush administration’s approach to national security issues, responding to pressure from Democratic lawmakers and interest groups that have sued for access to the sensitive materials, sources said yesterday. At his January confirmation hearing, Attorney General Eric H. Holder Jr. said he would

Justice Department officials intend to release more secret legal memos that underpinned the Bush administration’s approach to national security issues, responding to pressure from Democratic lawmakers and interest groups that have sued for access to the sensitive materials, sources said yesterday. Read More »

Enforcement lawyers at the Securities and Exchange Commission have recently been dressed down by Congress, blamed for major investment bank failures and publicly criticized for missing the alleged frauds of financiers Bernard Madoff and R. Allen Stanford.

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Sec

Enforcement lawyers at the Securities and Exchange Commission have recently been dressed down by Congress, blamed for major investment bank failures and publicly criticized for missing the alleged frauds of financiers Bernard Madoff and R. Allen Stanford. And still, they’re in the best mood they’ve been in for years. “There’s a sense of the lifting

Enforcement lawyers at the Securities and Exchange Commission have recently been dressed down by Congress, blamed for major investment bank failures and publicly criticized for missing the alleged frauds of financiers Bernard Madoff and R. Allen Stanford. Read More »

As the dismal economy has continued on a downward spiral this month, so has the legal industry, with February layoffs exceeding January’s by a considerable margin.

Law Firms /
Calculator

As the dismal economy has continued on a downward spiral this month, so has the legal industry, with February layoffs exceeding January’s by a considerable margin. January’s carnage, in which renowned law firms laid off more than 1,500 attorneys and staff at last count, has been followed by further freefall in February in which more

As the dismal economy has continued on a downward spiral this month, so has the legal industry, with February layoffs exceeding January’s by a considerable margin. Read More »

Since October, lawyers at the Treasury Department’s Office of General Counsel have completed $306 billion worth of deal work stemming from the Troubled Assets Relief Program.

Law Firms /
Stock 17

There’s at least one law office that still has more transactional work than it can handle. Since October, lawyers at the Treasury Department’s Office of General Counsel have completed $306 billion worth of deal work stemming from the Troubled Assets Relief Program. In a few short months, they’ve closed 418 separate transactions with financial institutions

Since October, lawyers at the Treasury Department’s Office of General Counsel have completed $306 billion worth of deal work stemming from the Troubled Assets Relief Program. Read More »

Lawyers at the trial of Pol Pot’s chief torturer argued on Wednesday over the admissibility of footage taken by Vietnamese soldiers inside his torture centre after they ousted the Khmer Rouge from power in Cambodia in 1979.

Law Firms /

Lawyers at the trial of Pol Pot’s chief torturer argued on Wednesday over the admissibility of footage taken by Vietnamese soldiers inside his torture centre after they ousted the Khmer Rouge from power in Cambodia in 1979. Lawyers for Duch, chief of the S-21 interrogation centre in Phnom Peng where at least 14,000 “enemies of

Lawyers at the trial of Pol Pot’s chief torturer argued on Wednesday over the admissibility of footage taken by Vietnamese soldiers inside his torture centre after they ousted the Khmer Rouge from power in Cambodia in 1979. Read More »

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