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Do Large Firms' Partner Class Numbers Hint at Strategy for Nonequity Partners?
A snapshot of the 2007 partner classes at some of the largest law firms across the country shows wide fluctuations in the number of lawyers promoted to partner, compared with last year. But despite rollercoaster results, this year's new partner classes -- at least among 20 top shops -- represented about the same percentage of the firms' total partner population as last year. Some see a growing trend toward the expansion of nonequity partnership classes, but firms are tight-lipped about the strategy.Enron Report Casts Harsh Light on Lawyers
The first report from the court-appointed investigator sifting through Enron's finances is calling into question the role that corporate lawyers played in some of the company's exotic business deals. R. Neal Batson's 160-page report also highlights the involvement of a major law firm that has received relatively little attention in the Enron fiasco.It Was the Best of Times, It Was the Best of Times
This year's summer associates are happy, but then summer associates are always happy. So what is it that distinguishes this generation of about-to-be lawyers? The American Lawyercompared the results of the 2000 Summer Associate Survey with those from 1999 and 1998: The ratio of females to males is almost equal; IP is hotter than ever; and the associates' main motivation? No, not the money. They just like it.Sears Wins Dismissal of Class Action Over Kmart Merger
The plaintiffs in a long-running class action against Sears, Roebuck & Co. over its merger with Kmart had reason to be optimistic: Their case survived a motion to dismiss, and they won class certification. But they suffered a potentially fatal setback last week when Chicago federal district court Judge Robert Gettleman granted Sears' motion for summary judgment. Gettleman also granted summary judgment to Sears Holdings Chairman Edward Lampert and an investment fund that became a controlling shareholder of Sears.Trending Stories
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