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Real Estate Roundup: Latest Leases Cap Busy Year
The Am Law Daily caught up this week with CBRE's Robert Flippin—who advised Mayer Brown on its signing this week of a lease for 187,000 square feet of space that will serve as the firm's new New York base—about the broader law firm real estate market. Hughes Hubbard & Reed, meanwhile, was one of dozens of other Am Law 200 firms to address its office needs recently, signing a 20-year lease to stay in its downtown Manhattan headquarters.Law Firms Keeping Close Eye on Sidley Case
The EEOC's age discrimination case against Sidley Austin asks: Are mandatory retirement guidelines in a law firm's partnership illegal? Firms are saying age isn't a factor, despite a recent study that shows more than half of large law firms have a mandatory retirement age. "Law firms, by and large, have been mostly unaccountable," says employment lawyer Lynne Bernabei. "[The Sidley case is] the beginning of law firms having to make sure their employment practices comply with anti-discriminatory laws."Report: Law Firms Losing Edge in Office Space Race
In the latest edition of its annual analysis of law firm real estate trends, real estate services firm Jones Lang LaSalle finds landlords routinely getting the upper hand in lease negotiations for the first time in seven years. At the same time, firms have been able to maintain an advantage in some major markets, including Chicago, Los Angeles, New York, and Washington, D.C.Chicago Firms Grow New York Offices As Stepping Stone to Super-Firm Status
ACCORDING to the Chicago Public Library`s Web site, the Windy City takes its nickname not from the wind howling off of Lake Michigan but from the boosterism-inspired claims 19th century Chicago businessmen made to East Coast investors. Detractors said the Chicagoans were full of wind.Mergers With Local Partnerships Drive a Race to Expand StaffingBiotech Industry Watching Merck Patent Case Closely
A different kind of "drug war" will play out this month in the U.S. Supreme Court in a potentially landmark patent challenge with huge implications for the role of the biomedical and biotechnology industries in the development of new drugs. Merck KGAA v. Integra LifeSciences case basically asks the justices to determine how far down the chain of research and experimentation into new drugs does a federal safe harbor statute reach to protect drug manufacturers from liability for patent infringement.Trending Stories
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