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Clifford Chance loses bid for payment
West Coast expansion proved a costly mistake for British legal giant Clifford Chance. According to a recent decision by a New York state judge, some of those costs may not be covered by insurance.Crisis creates pool of quality lateral partners
A slow economy has at least one upside for law firms: The pool of potential lateral partners has deepened.Recruiters and law firm leaders say the recent dissolution of several prominent law firms has flooded the lateral market with good attorneys in need of employment, and uncertain financial futures at a number of firms have prodded some well-established attorneys to consider their options elsewhere.Candidates Who Passed the July 2011 N.Y. Bar Exam
Panel Reinstates Verdict Against Ford for Auto Design Negligence
A JURY VERDICT finding Ford Motor Company was not liable in strict products liability but was liable for a negligently designed cruise control mechanism was not inconsistent, the U. S. Court of Appeals for the Second Circuit has ruled.Midsize Law Firms Go for Big Changes
In recent weeks, some midsize firms have implemented drastic reductions to their billable-hour requirements for first-year associates in order to enhance training and to appease clients who are resistant to paying for new lawyers' starts and stumbles. Reducing billable-hour requirements has been discussed at Cincinnati's Dinsmore & Shohl, says Susan Zaunbrecher, head of the corporate department, though she says completely eliminating billable hours is counterintuitive to the business of running a law firm.Firms adjust to the new economic market
The financial story of Atlanta's highest-grossing law firms was an easy one to tell a year ago. Revenue increased substantially and profit per equity partner shot up in 2010 as firms recovered from a bad 2009.For 2011 the story is not so clear. Some firms posted big gains in revenue and profit while others reported flat numbers or slight declines.Trending Stories
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