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As Firms Grow, Who Can't Afford to Stand Still?
A recent lack of merger activity involving Washington, D.C., law firms may be only a lull. Managing partners and recruiters theorize that firms are biding their time, doing their due diligence before starting a new round of the dating game. Says one partner, "I think we're in the pre-earthquake stage. Certain offices are starting to lose talent, and at some point there's going to be a seismic shift." Which firms are most likely to merge in the coming years? Industry insiders explain their forecasts.U.K. Law Firm Investment Countdown Enters Final Year
The long wait for the onset of Alternative Business Structures is almost over. Just 12 months remain until the third and final stage of the Legal Services Act comes into force, permitting U.K. law firms to accept outside equity investment for the first time. Firms are already preparing themselves for a change that many experts believe will fundamentally reshape the profession.Group Mentality: Lawyers Are Moving to New Firms En Masse
As the legal market undergoes a tectonic shift, with law firm mergers up 34 percent last year over 2003, one reverberation is an apparent surge in firms picking off clusters of attorneys from rival practices. But this cherry-picking strategy offers its own challenges, relating not only to firms that take in new groups but also to firms left behind. More cherry-picking, says one recruiter, is a result of disquiet in the market, where attorneys' loyalty to their firms is diminishing.A dozen Am Law firms failed to convince a federal judge in San Francisco to throw out claims that many of the world's leading consumer electronics companies conspired to fix prices for CD, DVD and Blu Ray recordable and rewritable drives.
Winston & Strawn Kicked Off $1 Billion Pfizer Case
Citing a conflict of interest, a federal magistrate judge in Utah has blocked Winston & Strawn from representing Pfizer in a $1 billion lawsuit brought by Brigham Young University over the drug Celebrex. The problem is that Winston & Strawn partner Gene Schaerr represented BYU in other matters at the same time that Winston & Strawn was representing Pfizer. Magistrate Judge Brooke Wells said that Winston & Strawn appeared to "abandon" BYU in favor of a more lucrative matter.Is Fighting Your Patent Case in Public Really a Good Idea?
The existence of millions of blogs proves that everyone has an opinion. But you won't often find the general counsel of a major tech company shooting his mouth off about ongoing patent litigation. Yet, Sun Microsystems' GC and CEO have been blogging about their company's IP battle with Network Appliances, trading barbs with a NetApp co-founder, who has been commenting on the case on his own blog. Some of the comments have turned personal.First-Year Pay on the Rise at Three Philadelphia Firms
Just as folks were digging out from this weekend's snowstorm, a new front hit Philadelphia on Monday: salary increases. Wolf, Block, Schorr & Solis-Cohen raised its starting salary for first-year associates to $125,000. Then, Duane Morris said it would do the same. That was followed by Morgan, Lewis & Bockius bumping up first-year salaries to $135,000 in Philadelphia and many other locations and giving an even higher increase to first-year associates in New York, boosting them to $145,000.Trending Stories
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