Why couldn’t Clarence Thomas get a job with a big-city law firm when he graduated from Yale in 1974? It’s not an idle question. That “time of dashed hopes and expectations,” as Thomas once described it in a speech, still leaves him bitter. His frustration resonates in the autobiography that he published last fall, “My […]
Herbert Smith has unveiled a record-breaking financial year, with profits per equity partner (PEP) smashing the 1 million pound barrier on the back of a 25 percent surge in turnover. Revenue at the U.K. heavyweight jumped by a quarter, from 324 million pounds ($630.8 million) in 2006-07 to 417.5 million pounds ($812.9 million) for the
In 2015 — the year that New York Yankees superstar Alex Rodriguez will surpass 762 home runs and break the Major League record — Latham & Watkins and Skadden, Arps, Slate, Meagher & Flom will both gross more than $5 billion. Baker & McKenzie will have more than 6,600 lawyers, and the lucky partners at
Junior London lawyers — especially in property and banking — should not expect large salary hikes this year, but the best midlevel associates remain in demand, according to new research. Those are the key findings of a recent survey, which underlines widespread expectations that the current slowdown in commercial activity has ended the upward pressure
As general counsel, the buyers of legal services, continue to face increasing cost pressures, they are flexing their considerable muscle to fundamentally alter their relationships with these providers to extract greater value for each dollar spent. For a handful of the most successful traditional law firms, this environment brings an opportunity to adapt, differentiate and
Anonymous attorney blogs, online rantings, negative press releases sent via mass mailings. These days, any number of self-publication methods are available to lawyers looking to spin their cases — or others’. As Dan Ross, a litigator at Stroock & Stroock, puts it, “In the old days you could have 25 cases and you could say
It was fun while it lasted. In 2007, The Am Law 100 — the top-grossing law firms in the United States — finished the best sustained growth spurt since The American Lawyer began tracking firm financials in 1984. For the first time, the firms showed five consecutive years of better-than-average growth in both revenue per
Indicted U.S. law firm Milberg LLP is in settlement talks with federal prosecutors to resolve a long-running criminal case involving accusations it paid illegal kickbacks to clients, sources close to the talks said on Tuesday. New York-based Milberg, scheduled to go on trial in August, is discussing ways to resolve the case with the U.S.
Tariq Aziz, who for years was the public diplomatic face of Saddam Hussein’s regime, went on trial in Baghdad on Tuesday facing charges over the execution of Iraqi merchants during the Baathist era. Mr. Aziz, 72, who was deputy prime minister under Mr. Hussein, looked frail as he entered the court carrying a walking stick.
With his joint appearance alongside Bill Cosby on Thursday night, Fulton County Superior Court Judge Marvin Arrington continues an arc that is bringing growing fame as one of the newest voices calling — or shouting — for a renewed focus on self-respect and education among the black youth that too often end up in his
