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Another law firm drops summer associate program
Arnstein & Lehr is the latest Chicago law firm to say it will abandon its summer associate program next year, explaining that the difficulty of estimating its hiring needs two years in advance so it can extend some of those associates job offers is more trouble than the program is worth.Securities Fight Goes to 9th Circuit
The 9th U.S. Circuit Court of Appeals is set to resolve a dispute between class action behemoth Milberg Weiss and a California judge that revolves around a securities statute, but boils down to this: Milberg Weiss is crying foul because it represents the plaintiff with the most loss, but wasn't selected lead counsel. U.S. District Judge Vaughn R. Walker, asserting a "fiduciary responsibility" to the plaintiff class, says the firm was simply charging too much.Class Action Yields $60.7 Million in Legal Fees
In a decision brimming with praise, a federal judge has awarded $60.7 million in attorney fees to the lawyers who brought an antitrust class action against the leading makers of corrugated paper products and secured some $202 million in settlements. Senior U.S. District Judge Jan E. DuBois granted the full amount requested by the team of over 200 lawyers who together logged more than 51,000 hours during six years of litigation.Midsize Law Firms Go for Big Changes
In recent weeks, some midsize firms have implemented drastic reductions to their billable-hour requirements for first-year associates in order to enhance training and to appease clients who are resistant to paying for new lawyers' starts and stumbles. Reducing billable-hour requirements has been discussed at Cincinnati's Dinsmore & Shohl, says Susan Zaunbrecher, head of the corporate department, though she says completely eliminating billable hours is counterintuitive to the business of running a law firm.Securities Fight Goes to 9th Circuit
A FEDERAL appeals court is to hear arguments next month over one of the more contentious issues currently facing the nation`s securities litigators.Midsized Law Firms Go for Big Changes
Even as the number of large firms continues to multiply and as rumblings grow louder of yet another first-year associate salary raise among the profession's giants, smaller firms may well lie at the forefront of big changes in the profession.Trending Stories
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