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No. 1 Task for Shearman Leader: Keeping the Firm in the Top Tier
With its illustrious history and posh name, Shearman & Sterling strikes many as the epitome of the patrician, white-shoe New York law firm. But the past few years have seen the 1,013-lawyer firm's image tarnished by associate layoffs, partner departures and signs of internal dissent, all capped by a profitability gap between Shearman and its erstwhile peers. Now the firm may be enjoying a fresh start, due partly to firm leader Rohan Weerasinghe and a 22 percent jump in profits per partner.A Philadelphia federal district court is the latest to rely on Wyeth v. Levine to deal a setback to drug makers. Judge Berle Schiller refused to dismiss a purported class action filed by individuals who claim they were harmed after they took generic versions of the anti-depressant drug Wellbutrin.
The Federal Circuit's decision Monday to rehear en banc the Tafas v. Doll case--which challenges PTO rules that limit the number of patent claims that can be filed for an invention--was big news in the patent community. For Steven Moore of Kelley Drye & Warren, who represents one of the plaintiff-appellants, it was also personal.
Dechert Cracks the Code for Am Law 100 Success
A hard-nosed focus on core areas has pushed Dechert from Philly-based also-ran to the top tier of profitability among The Am Law 100. In 2006, Dechert's revenues were up 27 percent, growing faster than all but a few firms that scored big contingency fees or had a merger. Profits per partner hit $1.99 million, just a tick below top Wall Street players. And the firm showed above-average growth rates in revenue per lawyer and value per lawyer. How has Dechert made the formula work where other firms have not?'NLJ 250' Shows Lawyer Ranks Growing Again
After a lull in growth at the 250 largest law firms in the U.S., the pace is picking up. The annual survey by The National Law Journal shows the overall number of attorneys increased by 4.4 percent this year, compared to a paltry 1.5 percent and 1.6 percent the two prior years. And although familiar faces had trouble adapting to market changes, consolidation made room for regional powers. Find out which firms enjoyed the most dramatic surge in numbers and which suffered the greatest declines.Dechert Cracks the Code for Am Law 100 Success
A hard-nosed focus on core areas has pushed Dechert from Philly-based also-ran to the top tier of profitability among The Am Law 100. In 2006, Dechert's revenues were up 27 percent, growing faster than all but a few firms that scored big contingency fees or had a merger. Profits per partner hit $1.99 million, just a tick below top Wall Street players. And the firm showed above-average growth rates in revenue per lawyer and value per lawyer. How has Dechert made the formula work where other firms have not?Trending Stories
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