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Who's Hiring Lawyers? Texas Law Firms Growing, Shrinking
Rising client demands and a market offering abundant lateral hiring opportunities helped swell the number of lawyers at two Texas firms by more than 40 percent during 2012. Meanwhile, percentage drops at firms losing lawyers were much lower than they were two years ago in 2010.Class action litigation is beginning to take shape over allegations that major banks manipulated Libor, the benchmark rate used to calculate interest on trillions of dollars in securities globally. On Monday the federal district court judge hearing the litigation consolidated 20 class complaints, and appointed interim class counsel.
Commentary: Points to Ponder Before Pressing "Record"
Voice-recording technology is widely available and easy to use, but is it legal? Unfortunately, like many things in the legal world, the answer is "maybe" and "it depends on the unique circumstances of the case." However, since the answer in some fact patterns is "no, and you could go to jail," Kip Mendrygal offers some rough rules of thumb to help keep new attorneys out of the slammer.Gas and electric companies reacted with alarm back in 2009, when a jury awarded more than $20 million to a single Texas property owner whose land was taken though eminent domain by a unit of the energy company Enbridge Inc. On Friday, to the relief of Enbridge and its many energy industry amici, Baker Botts managed to get the verdict thrown out before the Texas Supreme Court.
Headcount Drops at Large Texas Firms
Between Jan. 1, 2009, and Jan. 1, 2010, lawyer headcounts at 25 of the 26 largest firms in Texas declined by 5.7 percent overall, and several of the BigTex firms posted Texas lawyer count declines in excess of 10 percent. Law firm consultant William C. Cobb of Houston says he's not surprised, noting that reduced hiring, delayed start dates, mandatory retirement rules and layoffs all contributed to the reductions. Firm leaders seemed much more optimistic about lateral hiring at Texas firms in the coming year.Survivor Suits Lodged in Aftermath of Helicopter-Plane Crash
Survivors of five sightseeing helicopter passengers killed in a mid-air crash over the Hudson River last summer have sued the tour operators and other defendants in federal court in Newark, N.J.Trending Stories
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2024 Trends Report Mid-Year Special Edition: Update on Outside Counsel Billing Rates
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