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April 14, 2005 | Law.com

Small Firm Provides Options for Companies That Don't Employ GCs

Venture capital lawyer Mike Dunn has a new gig. As a senior attorney at Phillips & Reiter, aka the Outsourced General Counsel, he's free to do what he likes best: roll up his sleeves and work side-by-side with entrepreneurs in emerging companies. The seven-attorney firm markets itself as a general counsel to companies that have ongoing legal issues but don't need a full-time in-house attorney. "I worked in big firms for 17 years," Dunn says. "It just felt like the right time to do something different."
8 minute read
May 30, 2005 | New Jersey Law Journal

Pitfalls of Mandatory Retirement

In the era of the mega-merger, when a smaller percentage of a law firm's partners may participate in a firm's direction and management, these partners might find themselves subject to the restrictions of the Age Discrimination in Employment Act.
7 minute read
July 07, 2005 | Law.com

N.Y. Court Issues Sanction Over 'Frivolous' Suit

A Manhattan judge has sanctioned real estate developer Sheldon Solow and his law firm for filing an "implausible, if not absurd" $115 million suit alleging the previous leasehold owners of a Madison Avenue office tower conspired to keep the ground rent artificially high. "In view of the egregious frivolousness of the complaint," the judge said she would impose the maximum allowable sanctions of $10,000 each to Solow and his attorney, Marc S. Dreier.
4 minute read
March 17, 2010 | The Legal Intelligencer

Survey Shows Pa. Law Firms Don't Shine When It Comes to Diversity

Whether they moved up or down in the ranks of this month's Diversity Scorecard in Legal affiliate The American Lawyer, most Pennsylvania-based firms have little to show when it comes to the number of minorities in their ranks.
5 minute read
July 05, 2007 | National Law Journal

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.
14 minute read
March 09, 2005 | New York Law Journal

Newsbriefs

4 minute read
July 05, 2007 | Law.com

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.
14 minute read
January 20, 2005 | New York Law Journal

Newsbriefs

5 minute read
October 01, 2010 | Law.com

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.
9 minute read
February 23, 2005 | Law.com

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.
7 minute read

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