Perkins Coie has sued a former associate in its Menlo Park, Calif., office. The law firm contends that he reneged on a written agreement to repay up to $30,000 that…
The new chairman of the Securities and Exchange Commission is one of several lawyers joining the administration who are getting big lump-sum payments from their previous employers.
When Cadwalader, Wickersham & Taft reported a decline of 30 percent in partner profits, its chairman W. Christopher White noted that average profits per equity partner stood at $1.88 million.
More than 30 law firms around the world are representing an estimated 3 million alleged victims of the claimed $50 billion Ponzi scheme that Bernard Madoff is accused of running…
Associates who were late entering billable time at Morgan Lewis & Bockius apparently got a reminder they won’t be able to ignore—in the form of lower bonus checks.
A legal consultant speaking to marketing partners last week bandied about the words “fundamental changes” and “fundamental shift” to describe how the law firm business model will likely change in…
The billable hour has long troubled in-house lawyers who say the billing method discourages efficiency and associates who complain of being judged based on the amount of time they spend…
Acting within days of news that two longtime Pennsylvania judges have agreed to plead in a case alleging that they accepted $2.6 million in exchange for jailing juveniles in specific…
Associate salaries have jumped considerably since 1968, when Cravath, Swaine & Moore raised pay for first-year associates to an unheard of $15,000 a year.
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