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The American Lawyer

In Battle for Billable Hours, Not Coming in Will Cost Some Associates Their Jobs

"Frankly, I do not give assignments to associates and junior partners who are not in the office at least 3 days a week," wrote one Am Law 100 practice leader.
6 minute read

New Jersey Law Journal

Retainer Agreements Not Required to Explicitly State Billing Increment, Says NJ Appellate Division

"Based upon our review of the relevant rules, commentary thereto, and case law, there is no rule as rigorous as the one defendants urge us to adopt; there is no specific pronouncement requiring a retainer agreement to explicitly set forth the unit of incremental billing to be used," Judge Maritza Berdote Byrne said. "Defendants urge us to require retainer agreements include disclosure of incremental billing units, although unsupported in our current jurisprudence."
3 minute read

The American Lawyer

Where Are Partner Billing Rates Surging the Most in Big Law?

The median hourly rate for partners in M&A shot up the highest, while partners in Chicago, D.C. and LA saw some of the largest increases.
4 minute read

The American Lawyer

Are Second Hundred Firms the New 100?

Am Law 100 partners are defecting to Second Hundred firms for better business development opportunities, and their clients are on board.
10 minute read

Corporate Counsel

Law Firm Partner Hourly Rates Rose Last Year at Biggest Clip in at Least a Decade

"Touching partner compensation is the third rail of law firm politics. You don't touch it. It can cause a lot of consequences you're not ready for," said Ken Callander, principal at Value Strategies.
6 minute read

Texas Lawyer

Houston Lawyer Claims His Associate Betrayed Him

Allegedly unbeknownst to the firm, the associate filed a motion to withdraw, and told the presiding judge that the client had retained other lawyers, the complaint claims.
3 minute read

The Legal Intelligencer

McCarter & English Lands Startup Pair From Ellenoff Grossman & Schole in Phila., NJ

James Smedley, formerly the chairman of Ellenoff's intellectual property and technology group, said he and fellow intellectual property partner Alex Korona "hit a ceiling" at their prior firm.
4 minute read

The American Lawyer

Did the Talent Wars Doom the Lifestyle Firm?

Midsize and Second Hundred law firms have raised associate salaries more than the Am Law 100, according to new data from NALP, putting profitability pressure on associates at firms that thrive on work-life balance.
4 minute read

Daily Report Online

Corporate Lawyer Accused of Extortion Pushes Back Against $3.7M Judgment

The lawyer's counsel said his career had been "built on speaking truth to power" but that "some people despise him for that."
6 minute read

Corporate Counsel

'Take Advantage of the Leverage': How Legal Departments Can Rein in Rate Hikes

"The data we have shows that some of the largest purchasers of legal services in the world are paying way over average," said Nathan Cemenska of Wolters Kluwer ELM Solutions.
5 minute read

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