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National Law Journal

With Slower Start to 2023, Munger Tolles Sees Revenue Decline to $306M While PEP Rises

As the number of equity partners at the firm shrunk nearly 10% to 74, the firm's average PEP was up around 5% to $2.2 million.
4 minute read

The Recorder

California Bill Would Probe ADR Firms' Practices for Ethics Compliance

SB 940's author, state Sen. Tom Umberg, D-Santa Ana, said a voluntary certification program will encourage ADR firms to prove their practices comply with legal ethics rules.
3 minute read

National Law Journal

FTC Chair Khan Warns About the Concentration of Technology Firms

"To stay ahead globally we don't need to protect our monopolies from innovation. We need to protect innovation from monopolies. We need to choose competition over national champions," Lina Khan said.
3 minute read

National Law Journal

Texas University Defends Drag Show Ban to Supreme Court

"University policy prohibits '[p]ublic behavior that is disruptive, lewd, or indecent,'" Attorney General Ken Paxton wrote. "Drag shows...violate this policy by celebrating conduct that causes many to feel demeaned and objectified."
4 minute read

The Legal Intelligencer

Judge Scolds Litchfield Cavo, Cozen O'Connor Attorneys for Disrespect for Court

"Defendants' victory in the case and failure to receive sanctions (on procedural grounds) does not expiate their abdication of duty as officers of the court. Counsel must ask themselves whether it was worth it," U.S. District Judge Chad F. Kenney said of the attorneys' behavior.
5 minute read

National Law Journal

Grant & Eisenhofer Secures $14M Birth Injury, Wrongful Death Verdict

The jury found the University of Chicago Medical Center liable for birth injuries that led to the death of a boy at the age of 4.
4 minute read

National Law Journal

Extra Burden or Fewer Late Nights? What Lawyers Think of 3rd Circuit's New 5 P.M. Filing Deadline

Some attorneys expect work-life balance benefits while others aren't quite sold on the earlier deadline but are getting used to it.
6 minute read

National Law Journal

Goodwin, Orrick, Steptoe, Willkie Add DC Partners Amid Uptick in Lateral Moves

Goodwin brought on Lori Gordon, who was co-chair of their post-grant practice at Perkins Coie. She was one of several Am Law 200 partners to join new firms in D.C.
4 minute read

The American Lawyer

Facing Overcapacity, Law Firms Made Fewer Offers for 2024 Summer Associates

"The data looks a lot like what it was in the Great Recession," said Nikia Gray, executive director of the National Association for Law Placement. "We don't think it's because the legal market is going through a recession, but because the law firms are overleveraged."
6 minute read

The American Lawyer

Paul Weiss, Seeing Record Year in Revenue and Profits, Plans Compensation, Partnership Changes

The growth, including crossing the $2 billion mark in revenue, comes as Paul Weiss has decided to move to a two-tier partnership and a black-box compensation system for partners, said firm chair Brad Karp.
7 minute read

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