It’s hard to get a job at Skadden, Arps, Slate, Meagher & Flom, the prominent law firm based in New York. But thanks to an iPhone and iPad app the firm has developed, Skadden applicants may find the recruiting process a smidge easier to navigate. The app, called Skadden Start Here, is available for free […]
The U.S. legal profession is going through some heavy turbulence these days: downsizing at larger law firms, a more competitive business environment, the growing impact of globalization and technology, and angst about job prospects and debt. Nevertheless, the national lawyer population still is on the rise, according to the ABA’s 2011 National Lawyer Population Survey
Recent law school graduates – especially those still casting about for gainful employment while wallowing in tuition debt – feel just how tough the legal job market has become, in a drastic change from the days when recruiters abounded and snack rooms were well-stocked. The chasm between lawyer supply and demand has been roughly quantified.
More than a hundred years ago, an ambitious business lawyer developed a new way to organize a law firm. The firm combined teams of specialized lawyers with an incentive structure that rewarded efficiency and high-quality work. The coordination of skill and effort enable the firm to handle large, complex legal matters and obtain excellent, cost-effective
Osama bin Laden was killed, not captured. If he had been taken into custody, what followed would have been the most complex and wrenching legal proceeding in American history. The difficulties would have been endless: military tribunal or criminal trial? Abroad—at Guantánamo?—or inside the United States? Would bin Laden have been granted access to the
The Law School Admissions Test is a rite of passage for aspiring lawyers, but could go from mandatory to voluntary under proposed changes to the American Bar Association’s law school accreditation standards. The committee reviewing the standards is leaning toward dropping the rule that law schools require J.D. applicants to take a “valid and reliable
Holiday season at most law firms means year-end bonuses and perhaps a nice dinner at which partners pick up the check. But things were a little different at Century City law firm Glancy Binkow & Goldberg, a former employee alleges in a recent sexual harassment and wrongful-termination lawsuit. At the conclusion of the law firm’s
Boies, Schiller & Flexner has moved well ahead of the law firm pack in this year’s bonus race. As reported early Wednesday by Above the Law, the litigation powerhouse will pay its associates awards averaging “over $75,000” for lawyers who’ve been with the firm for at least a year to “more than $200,000” for the
The trustee liquidating Bernard L. Madoff’s investment firm has filed more than $50 billion in so- called clawback suits to compensate victims of the con man’s fraud since his 2008 arrest for masterminding the biggest Ponzi scheme in U.S. history. Irving Picard filed hundreds of lawsuits against banks, feeder funds, investors and others alleged to
The international flair of the Securities and Exchange Commission continued on Wednesday when it filed suit against unnamed investors who bought Wimm-Bill-Dann Foods shares in the days before the PepsiCo agreed to buy the Russian beverage company. As DealBook pointed out last week, the agency increasingly is going global with its insider trading cases. The
