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Putting partnership over profits
At Goulston & Storrs, the entire partnership makes key firm decisions. The approach has inefficiencies, but Goulston seems to have turned it into a viable business model, characterized partly by team-oriented client service, low associate-to-partner leverage, and lateral hires attracted to the firm's traditional values. A newcomer to The Am Law 200, Goulston has lower revenue and profits per partner than other large Boston firms, but Goulston lawyers say they're happy to trade some profits for collegiality.Sheppard Mullin's Seoul Ambitions
The Los Angeles firm has publicly stated its aim to have a Seoul office of as many as 150 lawyers and to practice Korean law as soon as it can. Can Sheppard Mullin really make itself a leader in an ultracompetitive market?U.S. Law Firms Look to Scale the Great Wall
As new laws facilitate foreign investment in China, U.S.-based firms seem bent on reaping the rewards of that country's flourishing economy. Some 40 law firms are already busy with corporate matters, including IPOs and privatizations. Next on the horizon: the telecom industry and the outsourcing boom. Says John Kuzmik, head of White & Case's China practice, "As long as no one starts bombing Taiwan, things are going to be good for firms."End the reliance on volunteer lawyers in death sentence appeals
On Jan. 18, 2012 the United States Supreme Court ordered a new hearing in Cory Maples' death penalty case after his volunteer attorneys from the prestigious New York law firm of Sullivan Cromwell failed to file a notice of appeal from an Alabama judge's order in his case.As a result of that failure, the state of Alabama was prepared to execute Cory Maples.Trending Stories
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