March 20, 2015 | Litigation Daily
Lawyers Eye Fees in BNY Mellon Deal as Ohio Mulls ReformsLieff Cabraser and another outside law firm stand to earn $43 million from Ohio's portion of a $714 million settlement with The Bank of New York Mellon. But even though Ohio's attorney general signed off on the contingency deal, he's backing a bill that would have made it impossible.
By Susan Beck
4 minute read
March 16, 2015 | Law.com
The Am Law 100, the Early Numbers: Partner Profits Soar at Winston & StrawnAfter seeing gross revenue and profits per partner sink in 2013, Winston & Strawn enjoyed a rebound year in 2014, as the firm posted big gains in several key financial metrics. While the firm's equity partnership decreased for a seventh straight year, Winston & Strawn recently added a dozen partners to its ranks following a raid on Pillsbury Winthrop Shaw Pittman.
By Susan Beck
4 minute read
March 16, 2015 | The American Lawyer
The Am Law 100, the Early Numbers: Partner Profits Soar at Winston & StrawnAfter seeing gross revenue and profits per partner sink in 2013, Winston & Strawn enjoyed a rebound year in 2014, as the firm posted big gains in several key financial metrics. While the firm's equity partnership decreased for a seventh straight year, Winston & Strawn recently added a dozen partners to its ranks following a raid on Pillsbury Winthrop Shaw Pittman.
By Susan Beck
4 minute read
March 03, 2015 | Litigation Daily
J&J Cements Bellwether Win in Pelvic Mesh CasesOver the past three years, Johnson & Johnson has spent more than $3.4 billion litigating cases involving its medical devices. At least some of that investment continues to pay off, as earlier this week the company again defeated an early test case involving one of its most embattled products.
By Susan Beck
3 minute read
March 03, 2015 | Litigation Daily
J&J Cements Bellwether Win in Pelvic Mesh CasesOver the past three years, Johnson & Johnson has spent more than $3.4 billion litigating cases involving its medical devices. At least some of that investment continues to pay off, as earlier this week the company again defeated an early test case involving one of its most embattled products.
By Susan Beck
3 minute read
February 26, 2015 | Litigation Daily
Wachtell Wins Round in Fight With Icahn, CVRWachtell won a potentially crucial ruling in its nasty battle with Carl Icahn and CVR Energy Inc. But the litigation isn't over.
By Susan Beck
3 minute read
February 26, 2015 | Litigation Daily
Wachtell Wins Round in Fight With Icahn, CVRWachtell won a potentially crucial ruling in its nasty battle with Carl Icahn and CVR Energy Inc. But the litigation isn't over.
By Susan Beck
3 minute read
February 25, 2015 | The American Lawyer
The Am Law 100, the Early Numbers: Milbank Sees Spike in Revenue, ProfitsFor the second straight year, Milbank, Tweed, Hadley & McCloy produced significant growth in revenue and profits. Gross revenue in 2014 was up 7.8 percent, to $761 million, while revenue per lawyer rose 3.8 percent, to $1.24 million. Profits per partner increased 7 percent, to $2.745 million, on net income of $395 million, an increase of 12.4 percent.
By Susan Beck
3 minute read
February 25, 2015 | The American Lawyer
The Am Law 100, the Early Numbers: Milbank Sees Spike in Revenue, ProfitsFor the second straight year, Milbank, Tweed, Hadley & McCloy produced significant growth in revenue and profits. Gross revenue in 2014 was up 7.8 percent, to $761 million, while revenue per lawyer rose 3.8 percent, to $1.24 million. Profits per partner increased 7 percent, to $2.745 million, on net income of $395 million, an increase of 12.4 percent.
By Susan Beck
3 minute read
February 12, 2015 | The American Lawyer
The Am Law 100, the Early Numbers: Baker & Hostetler's Revenue Up, Profits DownThe firm's gross revenue climbed 7.2 percent in 2014 while profits per partner dropped 13.4 percent. Firm chair R. Steven Kestner attributes the PPP falloff to a big contingency fee settlement that Baker & Hostetler reached with the trustee of Howrey. Revenue per lawyer, meanwhile, was down 2.2 percent, while head count was up 10 percent, in part because of a merger with an IP firm.
By Susan Beck and Nell Gluckman
2 minute read