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Firms learn to cope with alternative billing plans
A mix of sky-high billing rates, ballooning associate salaries and pressure from company executives has heightened corporate counsel's demand for different ways to pay their outside law firms.Midsize firms see a silver lining
The downturn has clients looking to cut their legal budgets by shifting work from larger, pricier firms in New York and other major cities. Time for smaller firms to shine?In-House Counsel Profile: Rehabilitation Institute of Chicago's Nancy Paridy
Founded in 1954 by a former Department of Veterans Affairs medical director, the Rehabilitation Institute of Chicago is now the nation's No. 1 rehabilitation hospital, according to U.S. News & World Report. Nancy Paridy joined in 1995 as an associate general counsel and became general counsel and secretary later that year.Am Law Second Hundred Firms Share the Pain
Much like their Am Law 100 counterparts, Second Hundred firms struggled in 2009 under the twin burdens of decreased transactional work and increased client sensitivity to litigation costs. With their regional footprints and -- in some cases -- more narrow practice focuses, Second Hundred firms had better year-over-year rates of growth than Am Law 100 firms as the recession took hold during 2008. But in 2009, the Second Hundred stumbled in two key areas: average profits per partner and revenue per lawyer.Ford not liable in trooper death
A Missouri jury last week found that Ford Motor Co. was not liable in a crash that killed a highway patrol trooper who burned to death when his Crown Victoria police cruiser was struck from behind.Trending Stories
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