By Adolfo Pesquera | June 30, 2023
The decision could affect multiple mass-tort disputes and fee fights, including litigation involving the Houston Astros and attorney fees in lawsuits over Paxil medication.
By Michael A. Mora | June 14, 2023
"A client can decide to pay for a Ferrari in order to get from Point A to Point B, but the losing party only has to pay for a Ford," said Edward Mullins, a partner at Reed Smith not involved in the matter, in characterizing the federal judge's reasoning on the attorney fees ruling.
The American Lawyer | Analysis
By Dan Roe | June 2, 2023
As law firms wait and see whether the economy picks up in the third quarter, associates at risk of layoffs are feeling the other side of the billable hour's wrath.
By Jessie Yount | May 30, 2023
Firms are taking varied approaches to billing rate increases, weighing client incentives and the cost of inflation.
The American Lawyer | Analysis
By Dan Roe | May 30, 2023
"Frankly, I do not give assignments to associates and junior partners who are not in the office at least 3 days a week," wrote one Am Law 100 practice leader.
By Colleen Murphy | May 25, 2023
"Based upon our review of the relevant rules, commentary thereto, and case law, there is no rule as rigorous as the one defendants urge us to adopt; there is no specific pronouncement requiring a retainer agreement to explicitly set forth the unit of incremental billing to be used," Judge Maritza Berdote Byrne said. "Defendants urge us to require retainer agreements include disclosure of incremental billing units, although unsupported in our current jurisprudence."
By Andrew Maloney | May 24, 2023
The median hourly rate for partners in M&A shot up the highest, while partners in Chicago, D.C. and LA saw some of the largest increases.
The American Lawyer | Analysis
By Justin Henry | May 23, 2023
Am Law 100 partners are defecting to Second Hundred firms for better business development opportunities, and their clients are on board.
By Maria Dinzeo | May 22, 2023
"Touching partner compensation is the third rail of law firm politics. You don't touch it. It can cause a lot of consequences you're not ready for," said Ken Callander, principal at Value Strategies.
By Adolfo Pesquera | May 18, 2023
Allegedly unbeknownst to the firm, the associate filed a motion to withdraw, and told the presiding judge that the client had retained other lawyers, the complaint claims.
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