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Daily Report Online

Lawyers Are Watching as Attorney Fees Slashed Over 'Value-Added' Calculation

"The problem with plaintiff's value-added model is that this calculation does not necessarily bear any relation to the amount of work actually expended in the case between the time of the settlement rejection and judgment," read Fulton County State Court Judge John R. Mather's order.
9 minute read

International Edition

Discovering Dissatisfaction: Why UK Associates are Unhappy

An in-depth survey of nearly 200 UK associates at large law firms has found nearly a third feel morale has dropped over the last year, with emphasis on billable hours, salary disappointment and a 'tough' office culture among the factors responsible.
8 minute read

Texas Lawyer

$4.7M in Attorney Fees: McKool Smith Notches Victory in Dallas Trial

"What complicated the case for us is normally when you're asking for attorneys fees, the jury has seen the underlying case. The fruits of that work play out in the courtroom," lead plaintiffs attorney Alan Loewinsohn said.
4 minute read

New York Law Journal

Commissioner Says That Denying Judicial Salary Boost Would Return NY Judges to 'Dark Time'

Commissioner Victor Kovner, senior counsel at Davis Wright Tremaine, said it would be "shocking and offensive if not obscene that the judges in our court of general jurisdiction are paid less than a recent law school graduate."
6 minute read

Daily Business Review

A Father and Daughter Merged Their Boutiques Together After Leaving Big Law, Offering Flexible Fee Structure

"The attorneys who are going to join us are the attorneys who want to bet on themselves. They know what they are worth, and they want to be able to have agency over their time and over the type of work that they deliver to their clients," said Concepción Global partner Christine Concepción.
3 minute read

The American Lawyer

Partners Reluctant to Merge Can Tank Firms' Chances at Growth, Survival

Stroock & Stroock & Lavan missed its window of opportunity to find a merger partner, and now the firm is shutting down. Could leaders have done anything to secure greater support for their plans?
5 minute read

The American Lawyer

Mothers Still Face Disproportionate Burden in Legal Field, ABA Report Finds

"The differences the data reflects are that mothers are disproportionately not getting important assignments, not being assigned matters with travel, not having sponsors and mentors, and there's a disparity in income particularly as income rises," attorney Roberta Liebenberg, a co-author of the report, said.
6 minute read

Daily Business Review

How This Boutique Florida Law Firm Lowered Overhead and Offered Big Law Salaries to Associates

"Associates are our most important asset," said Lawson Huck Gonzalez shareholder Jason Gonzalez, formerly the managing partner of Shutts & Bowen's Tallahassee office. "We're all busy as heck, and we have to have the highest quality associates to help us represent these clients."
4 minute read

Law.com

Merck, Glenmark Settle Zetia Antitrust Litigation for $70M, Including $23M in Attorney Fees

U.S. District Senior Judge Rebecca Beach Smith of the Eastern District of Virginia approved the final settlement agreement between a class of drug purchasers and pharmaceutical companies, Merck & Co., and Glenmark Pharmaceuticals, which also requires the defendants to pay one-third of the settlement fund in attorney fees, or $23 million, as well as $3.9 million in costs—as requested by plaintiffs' counsel.
4 minute read

The Legal Intelligencer

Keep the Big Bad Wolf Away: Review and Revise Your Flat Fee Agreements

Pennsylvania Rule of Professional Conduct 1.5 governs the types of fees attorneys can charge and outlines the way fee agreements must be tailored. The Pennsylvania Rule is modeled after ABA Model Rule 1.5.
9 minute read

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