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Major Hagen & Africa Wins Some, Loses Some
Major, Hagen & Africa, one of the world's largest legal search firms, is going through growing pains. While San Francisco's Major, Hagen has bulked up its staff and added nine branch offices in the past three years, several staff headhunters have headed for the exits. In the past year, the firm added 17 recruiters, bringing the current total to about 65. It also changed its compensation structure and the way territories are divvied up. But the changes haven't been for everyone.Cashing in The Second Time Around
Network Solutions, the Virginia-based keeper of Internet domain names, returned to the financing trough by staging the largest public offering recorded to date in the Internet sector. The secondary offering raised about $2.2 billion, giving the company an infusion of cash and also pumping fees into Pillsbury Madison & Sutro, which served as counsel on the deal. The massive deal is a plum for Pillsbury and is also indicative of the growing use of secondary offerings as a tool to raise cash.Dot-Com Deaths Leave Bankruptcy Lawyers Crying
Things look grim on the Internet landscape these days, but the Silicon Alley blues have yet to yield much green for bankruptcy lawyers. In some cases, however, failing dot-coms find there are good business reasons for seeking Chapter 11 protection, such as cashing in on a below market Manhattan lease-a move that landlords are contesting.COX-2 Patent Ruling Leaves Bitter Taste
In a case closely watched by the biotech industry, the U.S. Court of Appeals for the Federal Circuit has refused to review en banc a ruling against the University of Rochester in its patent battle over rights to a multibillion-dollar painkiller. At issue is whether a patent can be held invalid if it does not provide a "written description" of the invention. The 7 to 5 decision revealed a sharp divide that lawyers say requires action by the U.S. Supreme Court.Summer Associate Hiring Heats Up
Silicon Valley partners are having a good summer. Students are returning to Valley firms, whose tech-focused practices lost some cachet during the dot-com decline, and the firms are eagerly beefing up their summer associate ranks.Has Heller's Growth Strategy Backfired in San Diego?
An aggressive growth strategy in Heller Ehrman's corporate practice was meant to give the litigator-heavy firm broader stability. But in some cases, it's led to instability: In the last six weeks, Heller's San Diego corporate practice has lost nearly half its lawyers, mostly longtime Heller attorneys. One of the most dramatic losses was 15-year veteran Stephen Ferruolo's move to Goodwin Procter shortly after clashing with former Brobeck partners and ultimately losing his leadership title to one.Trending Stories
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