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Are Big Firms Warming Up to Alternative Fee Deals?
With hourly rates continuing to skyrocket at big firms, clients are pushing alternative fees as a way to control costs -- and law firms say they are listening. While the billable hour is still the most common calculation, fixed fees for larger work volumes or success-based arrangements are getting more attention, firms say. Yet one industry insider says alternative fees are like teenage sex. "There are more people talking about it than doing it, and those that are doing it don't know what they're doing."
Lawyer's Suicide Shocks, Saddens Texas Legal Community
J. Michael Bradford built a nationwide reputation as an unshakeable litigator. So it came as a shock to friends and colleagues when they learned the former U.S. attorney for the Eastern District of Texas took his life last week. Bradford was 50.IP Fight Turns Into Constitutional Tussle
A Connecticut entrepreneur's epic battle with General Motors over his futuristic engine-cooling design rests on a 190-year-old English court decision and whether it establishes a right to a jury trial in Connecticut trade secret disputes. For John Evans, CEO of Evans Cooling Systems Inc., such a right would clear the way for a new trial seeking $125 million in design royalties and interest that he claims he lost when GM allegedly stole his sleek design for cooling its high-performance cars.
Exploring 'Options' to Avoid Backdating Woes
Attorney Joseph W. Bartlett writes that, in the most recent corporate scandal involving backdating stock options, the problem seems not so much the backdating itself but the consensus that stock options are unfair to shareholders because they have been too lavish. But the fact remains that stock options are a way for companies to attract top talent. Bartlett provides advice on several methods that allow corporations to preserve the benefits of the stock option regime without breaking the law.
Tech Circuit: Mayan Year 5,126 Edition
The legal technology community predicts unexpected trends for 2013, including changes in e-discovery, cloud computing, and information governance. [MORE]
Most Calif. Firms Still Not Matching N.Y. Associates' Pay
More California-based firms are opting for a segmented associate salary scale, hiking pay to $160,000 in New York offices but implementing a $145,000 scale on the West Coast. But a move from another large firm could be enough to force firms that have raised to less than $160,000 to go the rest of the way, says recruiter Avis Caravello. "Let's say Latham goes to 160 -- there's no way O'Melveny or Gibson will stand by and let it happen," she says. "All you need is for one big California firm to do it."Trending Stories
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