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Changes lie just ahead for large firms
A Georgetown Law School conference examines the future of large law firms and the issues they face.Who Needs Performance Reviews?
Nobody likes them, yet annual performance reviews have become as inevitable (and as welcomed) as death and taxes. Even management experts say they are meaningless and demoralizing. So why does everyone do it?BigLaw Big Smoke Firms Pledge to Reduce CO2 Emissions
Top U.K. Firms See Profits Revive as Revenues Slide
The U.K.'s top law firms have managed a major rebound in profitability this year despite the aftermath of the global recession handing the group its first collective fall in revenues in recent memory. Across the top 50 firms, revenues fell from 12.33 billion pounds in 2009 to 11.87 billion pounds. However, the impact of an unprecedented round of pay freezes, job cuts and partnership restructurings allowed the firms to achieve an average rise in profits per equity partner of 8.8 percent.London Firms Scramble as Grid and Lehman Review Advisers
Top U.K. law firms stand poised for a flurry of panel activity as two of Europe's most coveted clients launch reviews of their advisers. London-based energy giant National Grid is set to overhaul its roster of external advisers for the first time in three years, while U.S. investment banking giant Lehman Brothers is holding a review of its fee arrangements with outside counsel.Panels to discuss costs of outside counsel
Tension between in-counsel and outside lawyers over the rising cost of a billable hour usually is resolved privately between attorneys and clients. But at the end of this month, the issue will get a public airing-with an Atlanta lawyer playing a key role.Jeff Haidet, the chairman of McKenna Long Aldridge, is scheduled to be one of the panelists at a Sept.Trending Stories
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