Linklaters, the world’s second-largest law firm, is poised to cut up to 270 jobs because of an unexpectedly sharp fall in revenue caused by the financial crisis. The “magic circle” firm will lose up to 120 associates, or almost 18 per cent of its junior fee-earners in London. As many as 150 support staff could […]
To a passer-by, the chic clothing store on Mott Street in Manhattan looked like a tumult of activity. On a recent weekday afternoon, Carolyn Bailey, a supervisor, was fussing with the window displays of women’s clothing, shifting piles of perfectly folded sweaters, spacing hangers a finger-width apart, debating avidly on the phone with a higher-up
For years, the law firm Heller Ehrman LLP used a goofy coat of arms inside its offices: a laurel wreath, the scales of justice and a Latin quotation, elvem ipsum etiam vivere. Rough translation: Elvis Lives. In late September, Heller Ehrman went the way of Elvis. Just two years after its most profitable year ever,
In John Grisham’s classic legal thriller “The Firm,” published in 1991, ambitious young lawyer Mitch McDeere signs on with a prestigious law firm only to find himself caught in a world of deception and danger. In “The Associate” (his 22d book), Grisham entertainingly returns to the theme of a young lawyer seemingly in over his
Skadden. The name, terse and uncompromising, symbolizes the most rarefied levels of corporate law, where clients throw platoons of attorneys at a problem and barely blink at the resulting $50,000-an-hour bills. With 1,700 attorneys and $2.2 billion in fees last year, New York’s Skadden, Arps, Slate, Meagher & Flom is the biggest U.S. law firm
Two Fort Lauderdale, Fla., attorneys indicted in a nearly $1 billion Ponzi scheme known as Mutual Benefits are anything but fly-by-night hucksters known to be associated with the worn pyramid con. Michael McNerney and Anthony Livoti Jr. are well-respected advocates and have been fixtures in the legal community for decades. McNerney served as chairman of
Americans are still chuckling about the “pants suit”. A man—a judge, no less—sued his dry cleaners for $54m for allegedly losing his trousers. A sign at the shop promised “Satisfaction Guaranteed”. The plaintiff was not satisfied, so he cried fraud. He then used his highly trained legal brain to calculate the damages he was owed.
Citing an uncertain economy, Cooley Godward Kronish axed 52 lawyers and 62 staff Wednesday. The 725-lawyer firm cut associates, including some who had just started this fall, and three special counsel. Practice areas most affected by the layoffs are those being hardest hit in the economic downturn: corporate, transactional and public securities, the firm said.
Barack Obama took the 35-word oath of office Tuesday to become the United States’ 44th president — even if he may have been led to utter the historic words in the wrong order. Obama was sworn in by Supreme Court Chief Justice John Roberts, resting his left hand on Abraham Lincoln’s Bible and raising his
“You rolled the dice that you’d win, and you lost.” That’s what Magistrate Judge John M. Facciola told lawyers for the Bush administration at a hearing on Wednesday afternoon in the ongoing case over millions of missing White House emails. By this he meant that if the White House had followed the recommendations that the
