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THE AM LAW 100 2010 - A WORK IN PROGRESS
Ongoing coverage of 2009 financial results from the Am Law 100 /Second Hundred.Video Trains Lawyers Not to Be Boors
The scene is a client development session for which big-firm lawyers have arrived late. As one attorney launches into a canned spiel about the firm's capabilities, a colleague looks down, intent on his BlackBerry. It's the moment that prompts the most groans of recognition from other lawyers, says Valerie Fitch of Pillsbury Winthrop, whose training video depicts a range of errors in judgment. The new breed of videos reflect firms' concern that their lawyers may not be on their best behavior in meetings.Despite Gains, Gender Parity in Partnerships Is a Long Way Off
As Sullivan & Cromwell celebrates the promotion of four women among five new partners, experts warn that more work needs to be done to shrink gender disparity in partnership ranks. The proportion of women partners has increased only four points to 19.2 percent in the last decade, according to NALP. And a recently released National Association of Women Lawyers survey found that the "vast majority" of part-time lawyers terminated by law firms in the last year were women, which the NAWL president calls a "disturbing trend."Chief Operating Officer From Clifford Chance Is Off to Orrick
Orrick, Herrington & Sutcliffe has snagged Clifford Chance's Douglas Benson to fill the post of chief operating officer. Benson, who has been COO of Clifford Chance's Americas region for the past three years, will join Orrick's New York office Sept. 3. He replaces Bruce Boulware, who is leaving Orrick at the end of the month to join O'Melveny & Myers.Fields Dreams of Internet Riches
The glow of Internet riches isn't just attracting associates away from law firms. Now it's top partners who are venturing out to become "dot.com" entrepreneurs. On Dec. 2, Richard Fields, a partner at Swidler Berlin Shereff Friedman whose insurance coverage group brings the firm as much as $50 million a year, left Swidler to launch a novel Internet start-up company -- a venture he hopes will permit legal claims against insurance companies to be freely traded like stocks and bonds.Simpson Thacher takes leads in M&As
SIMPSON THACHER BARTLETT just had the kind of summer that private equity lawyers dream about. The New York firm's two top private equity clients, Kohlberg Kravis Roberts Co. and The Blackstone Group, were on a dealmaking binge, and Simpson was at the center of the action. The deal that caught everyone's attention was the $33 billion leveraged buyout of hospital operator HCA Inc.Trending Stories
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