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For Small-Firm Rainmaker, a Change in Plans but Not Direction
When Regina S. Molden left Alston & Bird a year ago to start her own firm with four other big-firm refugees, she was fulfilling a long-held dream. She billed Molden Holley Fergusson Thompson & Heard as Atlanta's first African-American firm devoted exclusively to high-end corporate work. And despite taking on a case in September that has occupied almost all of Molden's waking hours, the firm has still managed to launch a diversity alliance with Womble Carlyle Sandridge & Rice and net some big clients.2nd Circuit Seeks N.Y. High Court's Guidance on Important Business Issues
The 2nd Circuit has asked New York's highest court to resolve two unsettled questions of New York law it says are important to the business and financial communities. In two opinions issued Tuesday, the circuit requested that the New York Court of Appeals resolve issues concerning the definition of a security under the state Uniform Commercial Code and when a "generalized economic interest in soliciting business for profit" can be used as a defense to a claim of tortious interference with a contract.Sutherland to Jettison Lockstep Associate Pay
Sutherland will shift from lockstep associate compensation to a performance-based system in January.Sutherland to Jettison Lockstep Associate Pay
Sutherland will shift from lockstep associate compensation to a performance-based system in January. The firm's roughly 175 associates will be grouped into three tiers, with advancement and pay increases pegged to their mastery of various skills. "The driving force in the change is to be able to communicate to the client that an associate has a certain level of skills, and that's what you're paying for," said the firm's professional development director. "Now, the person is not a fourth-year just through inertia."Delta to Ask Outside Counsel to Cut Fees
Rather than immediately cutting jobs in its in-house legal department, Atlanta-based Delta Air Lines will ask its outside counsel to cut their fees. The legal department has recommended to senior executives that there be no layoffs or furloughs in their group as part of the 13,000 jobs cuts announced Wednesday. The department instead will attempt to eliminate as much in-house and outside discretionary legal work as possible.Ga. Hiring: Little Good News for Job Seekers
The Atlanta legal employment market has been slow for some time, and this fall is no different. Adding to problems caused by the sluggish economy, hurricane devastation has sent many established lawyers, recent law graduates and third-year students into other markets to compete for remaining jobs. The situation nationwide is similar, but with glimmers of hope, as hiring increases for some practice areas and attorneys in certain large markets see salary jumps.Blue-Ribbon Panel Urges Big Changes in Georgia Judiciary
Bench trials in divorce cases, six-person civil juries and a consolidated family court system could become reality in Georgia if the Blue Ribbon Commission on the Judiciary gets its way. But the commission's report is only a start. Chairman Hardy Gregory Jr., a former state supreme court justice, expressed the hope that the commission's recommendations "can lay the foundation for gradual change over time."Trending Stories
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2024 Trends Report Mid-Year Special Edition: Update on Outside Counsel Billing Rates
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2025 State Legislative Sessions
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