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The American Lawyer

Sullivan & Cromwell Approved in FTX Bankruptcy Despite Objections From Creditors, Former Compliance Officer

Former chief compliance officer Daniel Friedberg filed an eleventh-hour declaration against the law firm's retention.
3 minute read

The American Lawyer

As Productivity Drops, Will More Law Firms Move Away From Billable Hour?

Law firm pricing that emphasizes value instead of time may follow the drop in productivity.
5 minute read

The American Lawyer

Concerns Over Layoffs, Expenses, Office Policies Loom Over 2023 Outlook

"Getting people to come back in the office is continuing to be a challenge," said one Am Law 100 leader. "Do we lay down the law? Or is the cost of doing that not worth the price we will pay?"
6 minute read

Daily Business Review

When Should Hourly Billing Start? Ruling Examines 'Ambiguous' Retainer Agreement

"This result means that foreclosure defense attorneys who want that monthly deposit to be an installment payment, versus a flat fee for the month, will need to be very specific about that in their contracts," Thomas J. Gruseck said.
4 minute read

Connecticut Law Tribune

'I Have to Sit Here and Squirm': Solo Practitioner Bruce Matzkin Is Very Worried

"This is 26 years of a perfect, clean record," Matzkin said. "My reputation is important to me, and I am proud of it."
4 minute read

Pro Mid Market

Big Law Excess Capacity Means Talent Opportunities for Midsize Firms

The tables have turned on large firms that poached mid-market talent in recent years.
4 minute read

The American Lawyer

Paul Hastings Lawyers Retained by Creditors Committee in FTX Bankruptcy

The nine-member committee of unsecured creditors includes a mix of individual investors and trading platforms in the cryptocurrency sector.
3 minute read

International Edition

UK Supreme Court Rejects Solicitors' Plea to Be Prioritised Above Other Creditors in Client's Insolvency

The landmark decision offers cautionary lessons to solicitors involved with clients entering an insolvency process.
2 minute read

Texas Lawyer

No Pay: Lawyers Ordered to Return Fees Received for Representing Indicted Attorney

"If ever there were a case where a reasonable lawyer should question the source of his client's funds, it is these cases,"U.S. Bankruptcy Judge Craig Gargotta found.
5 minute read

New York Law Journal

'The Trap of a Court System': These Lawyers Want Higher Pay

The suit accuses defendants Gov. Kathy Hochul and New York of breaching an historic settlement that overhauled the state's public defense system.
4 minute read

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