Law firms that are deferring start dates for incoming first-year associates but paying them substantial sums during the interim months are essentially buying options on these associates, points out an…
Some practice areas are clearly more lucrative than others. So if an intellectual property associate, for instance, is being billed out at a higher rate than a law school classmate…
Across-the-board pay cuts for top officers of the state of California being made in the midst of a budget crisis include an 18 percent decrease for the next attorney general…
Ballard Spahr Andrews & Ingersoll has learned some lessons from a disappointing period in which profits per equity partner plummeted from about $545,000, in 2007, to $415,000, in 2008.
Joining a few other major firms that have recently made similar announcements—and perhaps going beyond their programs—Sonnenschein Nath & Rosenthal has announced a sweeping plan to reconfigure the firm’s relationship…
After layoffs earlier this month of 35 attorneys and 85 staff, a major intellectual property boutique is now extending the pain to its incoming class of new associates.
Conflict-of-interest rules apply not only to lawyers in practice, but to law professors—including in-practice attorneys teaching only a single course, an adjunct professor at a state law school in New…
In yet another law firm response to the dismal economy, Pillsbury Winthrop Shaw Pittman is deferring 54 members of its incoming class of new associates.
Updated: Two top mergers and acquisitions partners at Skadden, Arps, Slate, Meagher & Flom are joining Kirkland & Ellis, the first time any M&A partner at the larger firm has…
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