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Court, Bar, Brace For McCain-Feingold Argument
On most September days, the majestic U.S. Supreme Court chamber is empty except for the occasional lecture given to tourists about the architecture and history of the courtroom. But on Sept. 8 the high court will be packed to the rafters as the justices hold an extraordinary four-hour session to consider the constitutionality of the Bipartisan Campaign Reform Act of 2002. Seating is so tight that lawyers arguing in the case will be restricted to five guests each in the courtroom.Dechert Cracks the Code for Am Law 100 Success
A hard-nosed focus on core areas has pushed Dechert from Philly-based also-ran to the top tier of profitability among The Am Law 100. In 2006, Dechert's revenues were up 27 percent, growing faster than all but a few firms that scored big contingency fees or had a merger. Profits per partner hit $1.99 million, just a tick below top Wall Street players. And the firm showed above-average growth rates in revenue per lawyer and value per lawyer. How has Dechert made the formula work where other firms have not?That's the same day confirmation hearings on Washington Mutual Inc.'s hard-won reorganization plan are set to start, but the investors' counsel at Brown Rudnick say the plan is dead if they prevail.
Dechert Cracks the Code for Am Law 100 Success
A hard-nosed focus on core areas has pushed Dechert from Philly-based also-ran to the top tier of profitability among The Am Law 100. In 2006, Dechert's revenues were up 27 percent, growing faster than all but a few firms that scored big contingency fees or had a merger. Profits per partner hit $1.99 million, just a tick below top Wall Street players. And the firm showed above-average growth rates in revenue per lawyer and value per lawyer. How has Dechert made the formula work where other firms have not?Branding is Law Firms' New Buzzword
Long a cornerstone of consumer marketing, the notion of branding is being stretched in a new direction these days by law firm consultants and their in-house counterparts. Despite all the effusiveness, though, no one seems to agree on exactly what branding is or how a law firm is supposed to do it. Nor is there yet any evidence that branding actually works in the legal business.There is apparently no cap on the amount of money AIG's former CEO is willing to spend in litigation with his old friends at the insurance giant. ($230 million, and counting.) The latest: a suit to recover his losses on shares tied to AIG's credit default swap portfolio.
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