Axiom Opens in Washington, Bucks Big Law Traditions
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
Continue readingIndia Work Grows, With Glitches
From the National Law Journal (with a hat tip to Gabes Guide for alerting us to the story): Just a few years ago, outsourcing legal work to India was a dirty little secret — law firms did it, but
Continue readingOutsourcing No Longer a Dirty Little Secret
From: The National Law Journal, December 10, 2008 Just a few years ago, outsourcing legal work to India was a dirty little secret — law firms did it, but few admitted to it. Those days are long
Continue readingAdvised by Sidley Austin, Tribune Co. Files for Bankruptcy
The Tribune Co. has filed for bankruptcy, aided by the law firm Sidley Austin. The Chicago Tribune, a newspaper owned by the company, reported the bankruptcy filing Monday afternoon. The petition was filed
Continue readingCountrywide Securities Suit Dismissal Motions Substantially Denied; Allows Greater Prospect for Subprime Litigation
We try to provide news stories that are related to the contract attorney industry as much as we can: a trend in the industry, current litigation/projects, or a “primer” on an area of law, for
Continue readingM&A 101 : A text book example of a hostile bid
Exelon’s offer for NRG is a textbook example of a hostile bid, and The Deal Professor looks at how this battle is likely to be fought. Although it has not reached the second request stage, we thought
Continue readingLegal outsourcing companies with offices in Mumbai reassure clients — and talk of close calls
From: The National Law Journal (print date December 8, 2008) Companies that outsource legal work to Mumbai, India, have been reassuring their clients that operations have not been disrupted and that what
Continue readingNew FDIC Rule Averts IOLTA Trouble
From: The National Law Journal, 2 December 2008 The FDIC has announced that, effective immediately, client funds deposited in Interest on Lawyer Trust Accounts — regardless of amount — are
Continue readingIs the Versatility of a Law Degree Just a Myth?
The National Law Journal: December 1, 2008 Law schools and placement professionals frequently tout the versatility of a law degree as a path to alternative careers. But even in good economic times, the
Continue readingTreasury Rescue Plan Strained by Lack of Staff
From: Wall Street Journal, November 28, 2008 The current Treasury has so far struggled to keep up with the task of hiring enough people to handle the $700 billion financial rescue package passed by Congress
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