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What's Hot, What's Not Report Out for 2000
Diversification, associate attrition and emphasis on centralized management are among the key issues and trends affecting Philadelphia law firms, according to consultant Robert Denney's "What's Hot and What's Not in the Legal Profession" annual report. Intellectual property tops the list of "red hot" practice areas for the second consecutive year, with the emergence of subspecialties like anti-counterfeiting and e-commerce.Lowenstein Hikes First-Year Pay to $140,000 in 2008
Lowenstein Sandler broke from the pack of New Jersey's home-grown firms Thursday and announced it would pay first-year associates $140,000 next year, a $15,000 increase. The hike will catapult the 250-lawyer firm beyond Flaster Greenberg, whose $130,000 first-year pay is highest among local New Jersey firms. Lowenstein Sandler's announcement could exert pressure for pay raises at the other New Jersey firms that are pegged at the $125,000 level: Sills Cummis Epstein & Gross, Gibbons and McCarter & English.New Firm: Wolf in Sheep's Clothing?
The big five guerrilla attack on the legal profession reached a new level of firepower when a latter-day Tet offensive was launched recently. With more than 5,000 lawyers on staff, Ernst & Young announced the formation of what it characterizes as a completely "independent" law firm. The latest innovation in uncivil disobedience would be funny if it were not yet one more demonstration of the Big Five's contempt for the legal profession and its values, argues Lawrence J. Fox.Lay Members of Discipline Board Loathe Leniency
When the Disciplinary Review Board was created in 1978, some lawyers disliked the idea that three of its nine seats were reserved for lay members. No one but another lawyer could appreciate the intricacies and pressures of practice, and nonlawyers would tend toward unnecessary harshness, the argument ran. It turns out the objectors had a point. The voting patterns of lawyers and lay people on the board suggest big differences in how the two groups view those who appear before them.How Firms Cope When Their Lawyers Are Called to War
Since 9/11, law firms have had to contend with their attorneys being called to active duty. A number of firms offer a stipend to make up the difference between a lawyer's salary and his or her military pay. But with associates absent, firms have slack to pick up. "They have had to work longer, harder, without vacations and weekends," says Clark & DiStefano's Robert DiStefano, a captain stationed in Iraq, of his co-workers back home. "These guys stood by me, and I'm going to do the same when I get back."Lawyer-Lobbyist Firms Continue Earnings Growth
New Jersey law firms that make lobbying a livelihood showed a 10 percent increase in lobbying revenue in 1999. Revenues in 1999 for the 10 top-grossing lawyer-lobbyist firms peaked at $5.4 million, compared with $4.89 million in 1998. The rise in income, though not as dramatic as the 30 percent hike from 1997 to 1998, is still a sign that government relations is a growing field in the state.Soon-to-be-Released ABA Report Certain to Heighten Debate
In a move that could make the rivalry between law firms and the Big Five accounting giants even more ferocious, a closely watched ABA commission may recommend today that attorneys be allowed to share fees with nonlawyers. Geoffrey Hazard Jr., a University of Pennsylvania law professor and legal ethics expert who serves on the 10-member ABA commission, said the panel will propose eliminating the long-standing prohibition against fee sharing because it's no longer relevant to law practice.Trending Stories
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