Why Law Firm Profitability Matters More Than Ever

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Profitability management of law firms combined with market price signaling are ultimately the critical tools Joseph Altonji* A few weeks ago, I addressed “What’s Next for the Legal World?” in a post focused on critical challenges facing law firms.   In it, I argued that “profitability management as a survival skill” is now a feature of the industry, […]

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Former White House Adviser Arrested For Stealing From Charter Schools Program He Founded

Audrey Strauss, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of a complaint charging SETH ANDREW with wire fraud, money laundering, and making false statements to a financial

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Power Lawyers – Yvette Ostolaza Named Chair-Elect of Sidley’s Management Committee

Yvette Ostolaza on LawFuel - Appointed to Sidley role

Dallas litigator Ostolaza is to take over as the chairwoman of the 2,000-lawyer firm’s management committee and the first Latina woman to take over a Top 10 US law firm Sidley is pleased to announce that Yvette Ostolaza has been elected to chair the Firm’s Management Committee, effective April 2022. Ms. Ostolaza will succeed Larry

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Am Law 100 And The $4.8 Billion Top Listing Law Firm For Gross Revenue

big legal fees in Big Law

But the top earning partners were at Wachtell Lipton at $7.5 million in profits per equity partner Greedy for top ranking maybe, but Kirkland & Ellis achieve the top gross revenue take law firm in the AmLaw 100 rankings for 2021 with a $4.8 billion revenue haul. The top 10 firms in the site’s gross

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Hedge Fund Co-Founder Arrested Over Alleged $40 Million Fraud

tax law irs

Audrey Strauss, the United States Attorney for the Southern District of New York, and Philip R. Bartlett, Inspector-in-Charge of the New York Office of the U.S. Postal Inspection Service (“USPIS”), announced today the arrest yesterday afternoon of ANDREW FRANZONE, the founder and former general partner of FF Fund I L.P. on charges of securities fraud

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Clifford Chance Celebrate 50 Years’ of Female Partnership

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A conversation with Clifford Chance partner Connie Heng This month we are celebrating the 50th anniversary of the firm’s first female partner in London, Rosalind Bax. In partnership with our gender parity group Accelerate>>>, we are looking back and profiling a partner from each decade back to 1971. Here Asia Pacific Regional Managing Partner Connie Heng

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Akerman Expands Transactional Real Estate Strengths with Bruce Wiener and Bedford Wilder in Tallahasse

April 23, 2021 – NATIONAL – Akerman LLP, a top 100 U.S. law firm, is pleased to announce the expansion of its national Real Estate Practice Group with the addition of Bruce Wiener and Bedford Wilder in Tallahassee. The new partners join Akerman from Nelson Mullins Riley & Scarborough, where Wiener served as Tallahassee Managing Partner. Together they bring

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Is the Pandemic Changing the Way Law Firms Work?

Gender diversity

Image Source: https://unsplash.com/photos/DZpc4UY8ZtY Robert Holms* The legal environment has indeed adapted to the new normalcy of the pandemic and its stay-at-home policies. These measures may be a silver lining for the typically traditional legal world, which is now embracing the benefits of a more modern approach to law. Everything has changed not just for these

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US Government Seizes Oil Tanker Used to Violate US and UN Sanctions Against North Korea

North korea

Singaporean National Kwek Kee Seng Charged with Federal Crimes Related to Alleged Leadership Role in Scheme to use the M/T Courageous to Violate Sanctions Audrey Strauss, the United States Attorney for the Southern District of New York, John C. Demers, the Assistant Attorney General for National Security, and William F. Sweeney Jr., the Assistant Director-in-Charge of the

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‘You’re The Reason God Gave Us a Middle Finger’ – Abusive Emails Achieve Suspension For Lawyer

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Law Society Tribunal suspends lawyer for misconduct over abusive emails sent to litigant From the NZ Law Society – John Paul Schlooz has accepted two charges of misconduct in relation to abusive emails he had sent to a litigant in person over an extended period. The complainant was the estranged wife of Mr Schlooz’ close

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