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First-Year Associate Training on the Rise
As a court reporter records a plaintiff's statement, a young attorney's eyes dart around the room, looking for his next move. It's a dramatic scene in more ways than one -- this training exercise is not real. First-year associate training has expanded, thanks in part to bigger salaries. "There is a need to get the new associates as productive as possible as soon as possible," said consultant Robert Denney.Confronting the New Shareholder Strike Suit
As reported by Cornerstone Research, Advisen and others, the frequency and volume of shareholder derivative and class action lawsuits challenging mergers and acquisitions of U.S. public companies have skyrocketed in recent years.Morgan Lewis Elects Phila. Litigator as New Chair
Morgan, Lewis & Bockius has elected litigation head Jami Wintz McKeon as its new chair, bucking the recent trend of Philadelphia firms moving their leadership outside the city.Pro Pro Bono: Wolf No Block to VIP; Firm Aids Organization
Numerous law firms are helping the Volunteers for the Indigent Program fill the budget gap created when the Philadelphia Bar Association cut VIP`s funding by 25 percent last October.Wolf Block Expands IP Practice in N.Y.
Wolf Block Schorr & Solis-Cohen has expanded its intellectual property practice in New York with the addition of five attorneys from the Manhattan-based boutique Steinberg & Raskin. Wolf Block Chairman Mark L. Alderman said the group would supplement the firm's pre-existing patent prosecution and copyright and trademark capabilities while adding the patent litigation link that was missing in the New York office.Dechert Reports Big Increases in Firm Financials
Preliminary numbers show significant increases in Dechert's key financial indicators, with gross revenue, revenue per lawyer and profits per equity partner all jumping by double-digit percentages in 2006. The firm's profits per equity partner rose to $1.985 million in 2006, putting Dechert in rarefied air. Only 10 firms in last year's Am Law 100 had PPP higher than that figure. In addition, this is the second straight year in which Dechert has had a 27 percent jump in PPP.Chances of Big Law Job Offers for Young Lawyers Dismal, Numbers Show
As if law students needed another reminder of the dim job market for young lawyers, a career counseling association has published numbers provided by law firms and other employers regarding 2009 summer associate offers and expectations for 2010 summer programs. And not surprisingly, the picture isn't pretty.Justices Allow Same-Sex Partner Benefits
In a unanimous decision, the Pennsylvania Supreme Court ruled Monday that the City of Philadelphia has the power to grant benefits to the life partners of gay and lesbian city workers, but cannot by ordinance exempt those life partners from the real estate transfer tax or prohibit discrimination on the basis of status as a same-sex partner. Significantly, the justices rejected the Commonwealth Court's rationale in a 2002 decision that struck down a trio of amendments to city ordinances.Trending Stories
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