Career & Practice

12838 ABA Journal Career & Practice articles.

New ACC ‘Value Index’ Helps Clients Rate—And Share—Law Firm Performance Info

First came the ACC Value Challenge. Now the Association of Corporate Counsel is about to introduce a tool to help in-house legal departments better implement it. Corporate counsel will not only have a uniform way to measure the performance of their outside law firms but will be able to share…

Oct 16, 2009 12:05 AM CDT

More than Half of the Largest Companies Expect More Litigation Next Year

There is one bright spot for law firms in a survey of in-house counsel: More than 40 percent of the respondents expect to see more litigation next year. Large companies were even more bullish, with 52 percent expecting a litigation increase. Fulbright & Jaworski chairman Stephen Dillard pointed out the…

Oct 15, 2009 2:52 PM CDT

Luz Herrera: ‘Low Bono’ Pioneer

Advocating “low bono” to serve poor clients

Oct 14, 2009 6:55 PM CDT

In-House Pay Hikes Tamped Down in Legal Cost-Cutting Efforts

Corporate legal departments are intent on cutting costs and are using a variety of strategies to get the job done, a new survey finds. Lauren Chung, director of the Hildebrandt survey, told the ABA Journal that the frugal approach extends to compensation for in-house lawyers. “Do I think that lawyers…

Oct 14, 2009 3:52 PM CDT

Stanford Investors Sue 2nd Law Firm, Ex-GC; Proskauer Partner Withdraws

A second law firm has been named as a defendant in an investor lawsuit contending that a now-former partner of Proskauer Rose, Thomas Sjoblom, participated in a claimed $7 billion Ponzi scheme allegedly operated by the Stanford Financial Group. The new defendant in the federal class action case is another…

Oct 13, 2009 8:26 PM CDT

Leah Cooper: Passage to India

Outsourcing substantive legal work

Oct 13, 2009 3:00 PM CDT

Evan R. Chesler: Billable Buster?

Moving his big firm away from the billable hour

Oct 13, 2009 2:30 PM CDT

Bank of America to Waive Attorney-Client Privilege in Merrill Acquisition

Bank of America has agreed to reveal legal advice it obtained in its acquisition of Merrill Lynch, a move likely to put the spotlight on its outside law firm in the deal, Wachtell, Lipton Rosen & Katz. Bank of America’s board voted to waive its attorney-client privilege on Friday, according…

Oct 13, 2009 11:37 AM CDT

Corporate Legal Spending Expected to Drop 4.3%; Some Growth Areas Seen

Corporate spending on outside counsel is expected to continue to drop, but the decline likely won’t be as big as this year’s 10.8 percent reduction, a new study says. The study by the BTI Consulting Group predicts that outside counsel spending will drop by 4.3 percent next year, the National…

Oct 9, 2009 12:34 PM CDT

After a Year of Looking, Laid-Off Lawyer Finds a Job—and She Likes It!

Looking for another job was harder than running a marathon, Lynne Zagami says. But, after a year of searching, she has succeeded. Laid off last fall from a $170,000-a-year job as a third-year corporate associate in the Boston office of Brown Rudnick, she is now in her first week at…

Oct 8, 2009 8:58 PM CDT

Microsoft Has Cut Legal Budget By 15%, Asked Outside Counsel to Trim Fees 10%

Over the past 18 months, amidst a global financial crisis, Microsoft has cut its legal budget by 15 percent, laying off 5 percent of its in-house employees in order to do so. Before the cuts, the software Goliath had an annual legal budget of $900 million and 1,050 employees in…

Oct 7, 2009 5:02 PM CDT

Jeffrey Carr: Business Unusual

Making billing work for both sides

Oct 7, 2009 2:26 PM CDT

Ralph Baxter: The Re-Engineer

Restructuring a major law firm

Oct 6, 2009 3:07 PM CDT

Erica Moeser: A Bar for All

Promoting a national bar exam

Oct 5, 2009 5:02 PM CDT

Hertz GC Sues Analyst for Predicting Possible Bankruptcy

The general counsel of Hertz Global Holdings Inc. has filed a suit claiming a research firm defamed the auto rental company by issuing pessimistic statements about Hertz’s financial condition. The firm, Audit Integrity, put Hertz and 19 other companies on a list of concerns that were “likely to go bankrupt…

Oct 1, 2009 12:09 PM CDT

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Career & Practice

New ACC ‘Value Index’ Helps Clients Rate—And Share—Law Firm Performance Info

More than Half of the Largest Companies Expect More Litigation Next Year

Luz Herrera: ‘Low Bono’ Pioneer

In-House Pay Hikes Tamped Down in Legal Cost-Cutting Efforts

Stanford Investors Sue 2nd Law Firm, Ex-GC; Proskauer Partner Withdraws

Leah Cooper: Passage to India

Evan R. Chesler: Billable Buster?

Bank of America to Waive Attorney-Client Privilege in Merrill Acquisition

Corporate Legal Spending Expected to Drop 4.3%; Some Growth Areas Seen

After a Year of Looking, Laid-Off Lawyer Finds a Job—and She Likes It!

Microsoft Has Cut Legal Budget By 15%, Asked Outside Counsel to Trim Fees 10%

Jeffrey Carr: Business Unusual

Ralph Baxter: The Re-Engineer

Erica Moeser: A Bar for All

Hertz GC Sues Analyst for Predicting Possible Bankruptcy

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