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Report: Law Firms Losing Edge in Office Space Race
In the latest edition of its annual analysis of law firm real estate trends, real estate services firm Jones Lang LaSalle finds landlords routinely getting the upper hand in lease negotiations for the first time in seven years. At the same time, firms have been able to maintain an advantage in some major markets, including Chicago, Los Angeles, New York, and Washington, D.C.High-Tech Lawyers Busy Even in the Doldrums
How times have changed for lawyers who advise high-tech companies. A year ago, irrational exuberance ruled the day, the Nasdaq was soaring and IPOs doubled and tripled on the first day of trading so frequently it was almost boring. Lawyers with high-tech practices thrived, their plates piled high with venture capital financings and IPOs. Today, plates are still full, but the fare is different.Pfizer hit with $141 million RICO penalty
Pfizer has been socked with an eye-popping $141 million penalty for unlawfully promoting its epilepsy drug Neurontin for unapproved uses for which, the plaintiffs said, it didn't even work. A federal jury in Boston concluded that the pharmaceutical giant had violated federal racketeering laws in promoting the drug for so-called off-label uses that were ineffective. The jury's verdict was actually $47 million, but the penalty was automatically tripled under the RICO Act.Executives` Function Expanding in Firms
S EXECUTIVE director of New York`s Dewey Ballantine LLP, Dennis D`Alessandro draws up the firm`s budget, negotiates its key operational contracts and oversees its entire administrative staff.Non-Attorney Executives Gain Greater Influence
AS EXECUTIVE director of New York`s Dewey Ballantine LLP, Dennis D`Alessandro draws up the firm`s budget, negotiates its key operational contracts and oversees its entire administrative staff.Trending Stories
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