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Big Bankruptcies' Big Fees Raising Questions
The Chapter 11 cases of copper mining company Asarco and casino operator Station Casinos have been a gold mine for bankruptcy lawyers. Baker Botts broke the $100 million billable mark in the five-year-old Asarco case last August, and the legal bills in the seven-month-old Station Casinos case are approaching $20 million for a dozen law firms. But future fees might not be paid out so easily, now that the bills have come under increasing scrutiny.Shouldering the Burden of Data Dumping
Dumping high volumes of data in discovery is a common problem in litigation, say experienced lawyers. Large volumes of electronic records can be especially problematic because electronic search technology is often not up to the task of searching large, complex compilations of data.Law firm mergers slowed in 2007
Merger and lateral activity among law firms slowed slightly in 2007, but despite the darkening financial horizon, many in the industry expect the attorney shuffle to retain energy in 2008. Last year's grandest mergers created bicoastal giants and national firms grown from regional roots. Plenty of lateral moves among big-name attorneys defecting from their firms for better deals elsewhere also grabbed the spotlight.Trending Stories
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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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