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Greener Pastures: Greater Job Security, More Deals Lead to Lateral Hiring Growth
At the Texas offices of 19 of the 26 largest firms in the state, lateral hiring rose 10.3 percent in 2010 compared to lateral hires made by the same firms in 2009. Kevin Lashus (pictured) is a Texas lawyer who seized an opportunity in 2010 to move to a new firm where he believes his practice will grow because of cross-selling.False Marking Statute Allows Anyone To Sue
The statute allows any person to sue to protect the government, but complaints must meet heightened pleading standard for fraud.Updated Special Report: Crisis on Wall Street
As Wall Street's woes continue, Law.com presents ongoing coverage of the financial meltdown from across the globe, with updates on the firms handling the bankruptcies, the fate of in-house legal teams, and the legal implications, economic domino effect and other ramifications for lawyers and the legal profession. Check back for regular updates from ALM publications.Bonus Amounts, Factors Shift For Associates
Associate bonus amounts for work done in 2009 dropped like rocks at many large Texas firms. Additionally, at some firms the factors used to determine those bonuses became more subjective. Management for at least five large firms in Texas adopted a new system to calculate associate bonuses for 2009, changing longstanding policies of rewarding lawyers simply for meeting billable-hours targets and instead relying on more discretionary, subjective evaluations of associates.Trending Stories
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2024 Trends Report Mid-Year Special Edition: Update on Outside Counsel Billing Rates
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AI in Private Equity: A Guide for Gaining an Early Advantage
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Why Are So Many Law Firms Suddenly Embracing Digital Transformation?
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2025 State Legislative Sessions
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