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The American Lawyer

Fried Frank Crosses $1B in Revenue as PEP Soars 21% and Equity Tier Declines

"There was no plan for mass de-equitization," said chair Kenneth Rosh. "We do manage it [the partnership], and there were some laterals who left and some retirements."
6 minute read

The American Lawyer

More Big Law Firms Are Crossing Financial Milestones. How Much Do They Care?

Several law firm leaders have said they are often more concerned with per-lawyer or per-partner thresholds, compared with top-line milestones.
5 minute read

New Jersey Law Journal

Lowenstein Sandler Sees Double-Digit Drops After Contingency-Aided 2022

Core revenue increased from the previous year if contingency fees are removed from the equation, according to chairman and managing partner Gary Wingens. The firm is also poised to bring on a new chief operating officer, Goodwin Procter veteran Michael Caplan. 
4 minute read

Pro Mid Market

Midsize Moves: Nossaman Adds 2 Partners in Texas, Crowe & Dunlevy Hires Director in Oklahoma

Nossaman announced that Sejin C. Brooks and Melissa Ferringer have joined the firm's eminent domain and valuation group in Nossaman's Austin, Texas, office as partners; employment litigator Chris Vaught has joined Crowe & Dunlevy as a director in the firm's Tulsa, Oklahoma, office.
2 minute read

The American Lawyer

Orrick Shutters Pair of Offices in Attempt to 'Rebalance' Regional Platform

The market downturn in Asia has forced many international firms to cut back on their operations in the region, especially in Greater China. In the past year, Latham & Watkins, Perkins Coie, Proskauer Rose, and Akin Gump Strauss Hauer & Feld have all shuttered offices in mainland China.
4 minute read

The Recorder

'We Are Evaluating This Lawsuit': Lewis Brisbois Responds to Complaint Filed by Ex-Partner

"Indeed, both of Mr. Lofton's immediate supervisors, John Barber and Jeffrey Ranen, have a well-documented 15-year history of exchanging racist remarks over defendant's email system with lawyers throughout LBBS—ranging from junior associates to fellow partners," the complaint said. "These emails included 'gratuitous use' of the n-word."
5 minute read

Daily Business Review

Sidley Austin Aims to Pick Up Hiring in Miami After a Quiet Second Year in the City

"The talent war for the cream of the crop is always difficult anywhere. With that said, we have found Miami to be an incredibly welcoming market to disrupt on the associate front," said Sidley management committee chair Yvette Ostolaza.
4 minute read

Texas Lawyer

Oh Baby! 6 of 7 Newly Minted Partners at Vinson & Elkins Have a Newborn

The fact that so many new partners at Vinson & Elkins have newborns may reflect a changing dynamic that associates on the partnership track aren't delaying the start of their families.
4 minute read

Law.com

How I Made Practice Group Chair: 'Being a Practice Leader Is a Responsibility—Not a Role,' Says Pat Lundvall of McDonald Carano

"Being a practice leader is a responsibility—not a role. Whether establishing a new practice, growing an existing practice, or taking a practice in a different direction, do it in a way that includes and leverages every lawyer, law clerk, paralegal and administrative staff member in the practice—help everyone rise together as a team."
10 minute read

Daily Business Review

New Ruling Affects Fees for Lawyers Who Serve as Expert Witnesses

"Previous to this, all the judges thought that it was discretionary," said Peter M. Feaman, the attorney who won the appeal.
5 minute read

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