Law Firms

There’s been an increasingly public frenzy sweeping Manhattan’s elite law firms of late. And – surprise, surprise – it has to do with money. Raises, to be more precise.

Lost in the hum of daily routine deep in the Eighth Avenue beehive of white-shoe law firm Cravath, Swaine & Moore Feb. 13 was the insertion of pale-blue interoffice envelopes into the mailboxes of the firm’s 350-odd associates. The spare memorandum inside contained news that might have set your average drone abuzz: They were getting […]

There’s been an increasingly public frenzy sweeping Manhattan’s elite law firms of late. And – surprise, surprise – it has to do with money. Raises, to be more precise. Read More »

The third, annual survey of 2000 board members identified the law firms they most admire, nationally and in 50 metropolitan areas.

The Top 20 Firms Last Years Rank 1. Skadden Arps Slate Meagher & Flom, New York 1 2. Cravath Swaine & Moore, New York 2 3. Sullivan & Cromwell, New York 3 4. Wachtell Lipton Rosen & Katz, New York 4 5. Jones Day, Cleveland 6 6. Baker & McKenzie, Chicago 7 7. Davis Polk

The third, annual survey of 2000 board members identified the law firms they most admire, nationally and in 50 metropolitan areas. Read More »

President Bush is now trying to sell his initiative to limit civil awards for pain and suffering as an economic development tool. Imagine how that’s going down with the trial lawyers.

Bush, who as governor of Texas made tort reform a primary objective, has encountered nothing but roadblocks in his campaign on the federal level. His most recent setback came last month when Senate Democrats prevailed in a filibuster over a proposal to cap punitive damages in medical malpractices cases at $250,000 or twice the amount

President Bush is now trying to sell his initiative to limit civil awards for pain and suffering as an economic development tool. Imagine how that’s going down with the trial lawyers. Read More »

Lawyers at London’s top legal firms are earning an average of more than £700,000 a year despite the most prolonged bear market in a generation. But tough conditions make it a “bill it or bye bye” life. Tough.

While bankers, brokers and dealers have seen earnings slashed and thousands of colleagues made redundant, latest figures show that the City’s corporate lawyers are still earning huge amounts. Of the six-strong ‘magic circle’ of top firms, only Slaughter & May – a specialist in mergers & acquisitions work – reported a fall in turnover, and

Lawyers at London’s top legal firms are earning an average of more than £700,000 a year despite the most prolonged bear market in a generation. But tough conditions make it a “bill it or bye bye” life. Tough. Read More »

They are partners in one of the most feared firms in America. Mel Weiss and Bill Lerach have won $30 billion suing corporate America. Now they too are under investigation.

William Lerach, 57, is a flamboyant, sharp-elbowed showman. Together, as cochairmen of one of the most feared law firms in the nation, Milberg Weiss Bershad Hynes & Lerach, they have bullied corporate America out of $30 billion in damages and counting. In building the modern-day model for the shareholder class action, their mission has been

They are partners in one of the most feared firms in America. Mel Weiss and Bill Lerach have won $30 billion suing corporate America. Now they too are under investigation. Read More »

It was another day in court for Michael Jackson’s legal team, who pushed to have the singer’s $3 million bail lowered.

A trial in the case could start as soon as September 13, the date that Judge Rodney Melville set during a hearing in Santa Maria on Friday. During the court proceedings, Jackson’s lead attorney, Thomas Meserau, said Michael Jackson’s $3 million bail amount is excessive. However, prosecutors argue $3 million is a fraction of Jackson’s

It was another day in court for Michael Jackson’s legal team, who pushed to have the singer’s $3 million bail lowered. Read More »

Clifford Chance is having trouble with its US practice and is in talks with another firm about partner transfer issues.

Orrick Herrington & Sutcliffe is in talks to take on the bulk of Clifford Chance’s West Coast securities litigation practice as the magic circle giant continues to overhaul its troubled US practice. The proposed deal would see nine partners from Clifford Chance’s San Francisco branch transfer to Orrick and leave Clifford Chance with only a

Clifford Chance is having trouble with its US practice and is in talks with another firm about partner transfer issues. Read More »

Barry Scheck, the lawyer who became a national name with his work on OJ SImpson’s DNA defense, is set to take on Louisiana’s poorly funded public defenders system.

Famed defense lawyer Barry Scheck, whose Project Innocence has worked to free dozens of prisoners here and elsewhere, will ask federal courts to reform Louisiana’s system of providing the poor with legal counsel. Scheck, who gained international fame as O.J. Simpson’s DNA defense lawyer, has accepted Shreveport Sen. Lydia Jackson’s invitation to address the gubernatorial

Barry Scheck, the lawyer who became a national name with his work on OJ SImpson’s DNA defense, is set to take on Louisiana’s poorly funded public defenders system. Read More »

It’s the brand new, New Zealand Supreme Court – replacing the Privy Council in Britain but presently situated in a courtroom basement with barely enough room for a reporter to be seated. So much for auspicious beginnings.

The Supreme Court’s first case – Act versus MP Donna Awatere Huata – started chaotically yesterday with a shortage of seats leading to some reporters being barred from the opening stages of the historic first sitting. Oddly for a courtroom, the venue for the first real sitting of New Zealand’s replacement for Britain’s Privy Council

It’s the brand new, New Zealand Supreme Court – replacing the Privy Council in Britain but presently situated in a courtroom basement with barely enough room for a reporter to be seated. So much for auspicious beginnings. Read More »

British law firms are continuing to dominate the world legal scene in terms of revenue but it is the US-based British law firms like Cravaths far exceed their British counterparts in earnings – that firm enjoying average profits of around £1.2m per equity partner.

Britain’s biggest law firms continue to dominate the world in terms of revenue, despite growing competition from their American counterparts. Four of the top six firms in a definitive new analysis of the world’s leading 100 firms by revenue were British. They are Clifford Chance, which remained the world’s largest firm, Freshfields Bruckhaus Deringer, Linklaters,

British law firms are continuing to dominate the world legal scene in terms of revenue but it is the US-based British law firms like Cravaths far exceed their British counterparts in earnings – that firm enjoying average profits of around £1.2m per equity partner. Read More »

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