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July 15, 2005 | Law.com

Chicago Blows Into Firms' View

For high-grossing coastal law firms looking for another base, Chicago has traditionally not been the Second City, even with its now $350 billion economy. But that's changing. Since the start of 2001, 13 Am Law 200 firms have opened or greatly expanded offices there -- and more arrivals are expected. Other out-of-towners have concentrated on acquiring well-established locals and have set about wooing laterals and possible merger partners. Chicago, according to the newcomers, is a strategic necessity.
8 minute read
December 14, 2009 | National Law Journal

Justices likely to leave accounting oversight board as is

The U.S. Supreme Court appeared inclined to leave well enough alone Monday and not tinker with the structure of an accounting oversight board created by the Sarbanes-Oxley Act of 2002.
3 minute read
July 15, 2005 | Law.com

Morgan, Lewis Partner Wins Bar Seat

Five attorneys were elected to the State Bar Board of Governors on Thursday, including James Penrod, who won the San Francisco-Marin County seat.
3 minute read
May 09, 2005 | Law.com

2nd Circuit Scuttles Class in Tobacco Litigation

A novel class action lawsuit -- the first-ever nationwide group of plaintiffs certified against the tobacco industry -- does not meet federal requirements for class certification, a federal appeals court ruled last week. A unanimous panel of the 2nd Circuit said that Eastern District Judge Jack B. Weinstein had stretched the boundaries of the law by certifying a non-opt-out class of current and former smokers who had been diagnosed with smoking-related diseases.
4 minute read
July 09, 2010 | The Recorder

On the Move

A weekly report of lawyer moves and law firm changes. Keep abreast of where movers and shakers are going and what they're doing.
3 minute read
September 07, 2006 | Law.com

Associates Search for the Perfect Salary Fit

With first-year associate salaries at large law firms converging at $135,000, The Recorder focused its annual associate salary survey on "midsize" players. For many associates, choosing a top-tier national firm or a smaller regional outfit is a matter of balancing personal priorities and professional interests. McDonough, Holland & Allen associate Daniel Wolk was willing to forgo a top salary for the comfort of a smaller firm with lower billable hours: "What McDonough gave me just made more sense."
5 minute read
August 11, 2003 | Law.com

Catalog Sales Tax Bid Rebuffed

Connecticut officials have come up short in their six-year-long bid to require Dell Computers' catalog sales unit to start collecting sales tax on computers purchased by state residents. "This is a big loss for Connecticut," University of Connecticut School of Law tax professor Richard D. Pomp maintained. Taxes on Dell's in-state catalog sales alone could have generated $1 million or more a year in new revenue for the state.
5 minute read
September 24, 2009 | New York Law Journal

Plaintiffs' Attorneys Mobilize to Soften New Pleading Standard

On May 18, the U.S. Supreme Court gave corporate defendants a gift that keeps on giving: the Iqbal decision, which has made it easier than ever for defendants to shut down lawsuits before they get to the costly discovery stage. Now, four months later, civil rights and consumer groups and trial lawyers are beginning to push back. They met on Sept. 14 in Washington, D.C., to lay plans for a two-pronged battle to undo what they see as a devastating blow to their lifeblood litigation.
8 minute read
August 12, 2004 | Law.com

Finding Work as a Second-Career Lawyer

It would seem that the wealth of real life and business experience that second-career lawyers bring to the table would make them extremely attractive candidates to law firms. But there are real obstacles that have led some discouraged career changers to believe that, instead of market gold, they are "market poison." Here are some suggestions for finding -- and developing -- a successful position as a second-career lawyer.
6 minute read
April 28, 2006 | Law.com

'Delphi' May Encourage Formation of Equity Panels

The appointment of an equity committee is a rare exception in Chapter 11 cases, yet, recently, in In re Delphi Corp., et al., the court directed just such an appointment -- at the request of a 9 percent shareholder and at the expense of the Delphi estate. The full impact of Delphi depends on who has the burden of proof on a subsequent motion to disband the committee and what level of proof will be required regarding the potential for a meaningful distribution to equity.
11 minute read

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