Last night’s and this morning’s lead story in the legal media: 800 law firm jobs lost in one day. And there will be more firings to come (click here for a sample). For the contract attorney market there is a little gloating and perhaps a little schadenfreude. Especially in the switch by AmLaw 200 advisers who first [...]
While the ratio of EDD vendors at the show is still extremely high, much of the talk surrounding the show revolves around Twitter and its uses and implications for lawyers. The Monday afternoon panel, “What Is Twitter and How Can I Use It?,” covered the most practical issues raised by a room full of lawyers: [...]
Today’s New York Times has an article featuring Evan Chesler, presiding partner at Cravath, Swain & MooreLawyers, who chats … once again …. about getting rid of the billable hour. The article also discusses other pay arrangements (click here). We covered these same comments by Chesler in an earlier posting this month (click here). But [...]
A bit of a mixed bag today: E-discovery Kazeon Systems has rolled out a range of pricing plans for its e-discovery products, hoping to entice customers amid lean economic times with one plan aimed at users who want to avoid big up-front costs. A number of web sites have reported the Kazeon Systems roll-out but for [...]
A record 115 countries and government entities across the globe are regulating mergers and acquisitions, a 69% spike from the 68 jurisdictions that monitored mergers five years ago, according to a new White & Case survey. The 115 jurisdictions that currently police mergers include 110 countries plus regional regimes such as the European Union’s European [...]
As we have reported in various articles on our web site, we have seen a changing legal landscape this past year. One of the major discussion points has been on law firm billing practices and the expected “sea change” that might be in store. Now comes an opinion piece in the current issue of Forbes magazine by Evan Chesler, the presiding partner at [...]
From: The BLT: The Blog of the Legal Times, December 11, 2008 There’s a new law office on 24th St. N.W. and M St. in Washington, DC, but you won’t find any partners roaming the halls. There aren’t any secretaries there either. The entire office, in fact, is only about 1,000 square feet. It’s the [...]
From: NYT DealBook, November 11, 2008 While history might indicate that antitrust hurdles may higher under a Democratic president, this is unlikely to be the case in Barack Obama’s presidency, Andrew Ross Sorkin argues in his latest DealBook column, quoting David Boies, the superlawyer and Democrat whom the government asked to take on Microsoft. The [...]
From: National Law Journal, November 3, 2008 It’s been a year since Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae joined forces to become Dewey & LeBoeuf, now one of the largest players on the New York legal scene. With the economy in crisis and the credit crunch drying up deals across the country, one might [...]
From: The Wall Street Journal, October 2, 2008 On Monday, in a move that left colleges scrambling, Wachovia said it was limiting the access of nearly 1,000 colleges to $9.3 billion the bank has held for them in a short-term investment fund. So what’s next for loan-seeking law students? The NLJ reports that, while the [...]
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