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.
Some rumors had put the drop in partner profits at Cadwalader, Wickersham & Taft at 50 percent. So the news of a 30 percent decline doesn’t seem all that bad.
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