Law Firms

Dreier LLP also has discovered that millions of dollars appear to be missing from client escrow accounts, firm controller John Provenzano said in a sworn statement filed by the U.S. Securities and Exchange Commission, which is seeking to freeze the assets of Dreier and his firm. Dreier is the only employee at the firm authorized […]

President-elect Barack Obama’s decision to keep a distance from his state’s governor, who was arrested on corruption charges on Tuesday, should enable him to escape becoming tainted by the scandal, analysts said. Illinois Gov. Rod Blagojevich stands accused of trying to sell the president-elect’s vacant U.S. Senate seat for financial and other personal benefits for

What will next year look like at the biggest law firms in the land? For the first time since The American Lawyer began surveying law firm leaders in 2003, their answer is: We’re not sure. “Anybody who is running a law firm who pretends to be able to predict with certainty what the firm is

Marc Stuart Dreier, a high-living New York lawyer who has a gaggle of celebrity clients and a large firm that bears his name, was released from a Canadian jail on Friday after promising to return to court to face charges that he impersonated another lawyer on Tuesday at the offices of a large Canadian pension

The Supreme Court agreed Friday to decide whether the president may order that people picked up in the United States be detained indefinitely and without criminal charges. The court is undertaking a fresh review of the Bush administration’s aggressive use of preventive detention for suspected terrorists. The administration asserts that the president has the authority

Despite the rancid economy of 2008, attorney billing rates continued their escalation trend, with nearly 71 percent of law firms reporting an increase in the amount that they charged clients compared with 2007. This figure represents law firms that increased their average and median billing rates firmwide. Also this year, partner billing rates broke record

Linklaters’ high-profile role on Lehman Brothers’ bankruptcy is set to become one of most lucrative mandates in European legal history with the U.K. giant now regularly billing more than 1 million pounds a week. The Magic Circle firm has confirmed that its role advising U.K. administrator PricewaterhouseCoopers is currently engaging “several hundred” of its fee

Employment opportunities for legal professionals have traditionally been plentiful – and lucrative. But as the economy has dried up, so too have those jobs. The employment market for new law graduates has remained relatively strong and stable since 1997. And last year was the sector’s strongest showing in 20 years, with 92% of graduates finding