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Travel Daze: Savvy Advice for Lawyers on the Road
What do you do when a partner says to hit the road, Jack? In today's economy, a lawyer might fear being laid off, but let's think positive and assume that when a partner or general counsel says "hit the road," he's sending you on a business trip. And whether the initial reaction is excitement or dread, the best thing to do is prepare.
Rumors Fuel Law Firm Merger Mania
"We can't confirm." "Yes, we're talking." "It's a done deal." Responses to recent merger rumors fit in any one of a number of categories, but there's one common thread among them all: There are plenty of rumors to respond to. It's clear that a number of law firms are talking, and at least one firm has gotten past that phase. Who's the likeliest to merge next, who's merely in the early exploratory stages, and who's willing to go on the record?
Most Associate Bonuses at Large Texas Firms Mirror Last Year's
With some enviously high exceptions, bonuses paid at the end of 2005 to associates with large Texas firms were similar to bonuses paid at the end of 2004. Sure, Houston's Susman Godfrey paid out year-end bonuses ranging from $86,000 to $150,000 -- averaging 75 percent of each associate's base pay -- but most associates statewide received considerably less. George Lamb, chairman of Baker Botts' associate compensation committee, says its two-tier bonus is based on merit and on productivity.Summer Must-Reads for the In-House Set
Ah summer! Let`s hit the beaches, swim in the surf, pour on the tanning oil and trade briefcases for beach bags. And here`s one more vacation tip: Stick a book in your bag, and not the latest convoluted Tom Clancy or overwrought John Grisham. Instead, bring along one that transforms you from a mere competent counsel to a trusted adviser, which morphs you from expendable soldier to irreplaceable consigliere. (Hmm, sounds like the next summer blockbuster to us.) So, here are some reading suggestions for yourTexas Leads a Charge to Dethrone Delaware's Bankruptcy Supremacy
For the past decade, Delaware has been the jurisdiction of choice for bankruptcy lawyers whose corporate clients are seeking protection from creditors. But that may all be changing. New rules in a Texas federal court aimed at providing debtors a smoother and quicker transition into bankruptcy may be leading the charge of states trying to keep home-grown companies from bolting to Delaware when times get tough.Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 5'You Are Not Alone': 120 Sex Assault Victims Plan to Sue Sean 'Diddy' Combs
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2024 Trends Report Mid-Year Special Edition: Update on Outside Counsel Billing Rates
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AI in Private Equity: A Guide for Gaining an Early Advantage
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Why Are So Many Law Firms Suddenly Embracing Digital Transformation?
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2025 State Legislative Sessions
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