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Keker Hikes Associate Salaries, Too
The big L.A. trend is to boost first-years to $135,000. The first S.F. firm to announce it will match that move is Keker & Van Nest.
Weil Slashes 60 Associates, 110 Staffers
Citing a drop in demand for premium legal services that he called the "new normal," Weil, Gotshal & Manges managing partner Barry Wolf announced Monday that the firm is trimming associate head count by 7 percent, laying off 110 nonlawyer employees, hitting some partners with "meaningful compensation adjustments," and reducing its complex commercial litigation practice in Houston and Boston.Law Firms Reap Big Fees From JPMorgan's Legal Woes
With legal battles forcing JPMorgan Chase & Co. to set aside $23 billion for litigation costs, several AmLaw 100 firms are reaping hefty legal fees for their work representing the bank, including Sullivan & Cromwell, Wilmer Cutler Pickering Hale and Dorr, and Paul, Weiss, Rifkind, Wharton & Garrison.
'Defense Lawyer's Dream' Becomes A Malpractice Nightmare In California
A decade of messy litigation involving sex tourism charges against a San Francisco Bay Area businessman has spawned a bizarre malpractice suit against a pair of elite defense lawyers.Entrepreneurs Win $118M From Insurance Companies
Two entrepreneurs who came up with a novel mechanism for purchasing life insurance won a $118 million jury verdict against The Hartford Life Insurance Co. and Corporate Marketing Group Inc., a Hartford subsidiary. Issued in the U.S. District Court for the Eastern District of Missouri, the verdict found CMGI liable for breach of contract and CMGI and Hartford jointly liable for misappropriation of trade secrets.
Calif. Supreme Court Debates When a Partial Stay Stops Countdown to Trial
The question seems like one a first-year law student could answer: What constitutes a stay in court proceedings? But that very question was taken up recently by the California Supreme Court with prominent law firms clamoring for a reversal of a ruling they believe could have a severe impact on case management. The commotion is over a ruling that held that any partial stay of proceedings -- such as for discovery, or a case management conference -- tolls the five-year mandatory period for bringing a case to trial.Trending Stories
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