DLA Piper informed all of its U.S. partners on Friday that it will reduce pay for most of them by 11.5 percent in 2009, while strong performers will get more money. The firm projects revenue will decline 7 percent in 2009 and profits will drop 6 percent, said U.S. Managing Partner J. Terence O’Malley in […]
The job market for lawyers, hit hard by the recession, seems to reach new lows every day. But that has not done much to discourage the thousands who are lining up to become the next generation of attorneys. In seeming defiance of logic, many law schools are surging in popularity. At Washington and Lee University
http://www.lawfuel.com/show-release.asp?ID=21078 March 19, 2009 According to reports by motorcycle lawyers in Los Angeles, California, after the lost in the past year of more soldiers, airmen, Marines and sailors to fatal motorcycle accidents, they now have simulation training for riders. During the past year according to the Marines there have been more Marines killed in fatal
Marines Being Educated By Motorcycle Simulator After Record Fatalities Read More »
United States defence lawyers are appealing against verdicts in two cases because the jurors made comments about the trials on social networking sites. In some cases social networking sites such as Facebook have assisted the legal process. For example, it’s recently been used to serve court orders. But in the two cases, US lawyers argue
U.S. law firms, including Orrick, Herrington & Sutcliffe LLP, Shearman & Sterling LLP and WolfBlock LLP, are abandoning tradition as they cut costs in the deepening recession by imposing merit pay, slashing salaries and generally putting an end to decades of associate entitlement. The firms are responding to the plunge in corporate, real estate and
Attorney and staff layoff horror stories are a staple in the blogosphere these days. Anonymous posters swap tales of stingy severance payments, trumped-up negative performance reviews and stealth dismissals. Of course, laid-off workers in any industry are bound to be distressed, bitter and potentially litigious after a job loss — especially given the tight employment
The Obama administration on Friday said it was abandoning the use in court proceedings of the Bush administration’s term “enemy combatant” as it argues for the continued detention of prisoners at Guantanamo Bay, Cuba, symbolically separating itself from Bush detention policies. But in a filing in federal court, the Justice Department argued that the president
As Bernard L. Madoff was led away in handcuffs from the 23rd-floor courtroom this morning, cameras rolled around the corner for the latest episode of “Law and Order.” The irony was just one memorable touch as the moment arrived when we no longer would have to write “alleged” before any mention of the Ponzi schemer’s
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
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,
