From the category archives:

Law Firms

TweetIf you are an out-of-work attorney or a lawyer looking for a change-better brush up on your foreign language skills. They might come in handy in landing your next legal job. International business disputes are on the rise and as a result law firms are hiring attorneys with foreign language skills to handle the increase […]

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TweetWhile the world will likely not end in 2012, the outbreaks of severe weather that have plagued much of the country this summer can certainly make the most level-headed lawyer wonder if the Mayans were really on to something. While many Americans have an extra supply of food and water stashed away, very few law […]

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TweetIn our increasingly social media savvy age,this was bound to occur sooner or later–a recent federal district court decision entitled Lyons v. Rienzi & Sons, Inc. et al.,  09 CV 4253 (E.D.N.Y. 2012) grappled with the issue of whether a Facebook page can be considered a contact with New York for purposes of exercising long-arm […]

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TweetAccording to a recent survey conducted by the ALM Legal Intelligence and sponsored by LexisNexis Counsel Link, alternative fee arrangements (“AFA”) for legal services, i.e. billing methods based on a metric different from hourly billing rates, is failing to gain traction amongst lawyers.  The survey is entitled “Speaking Different Languages: Alternative Fee Arrangements for Law […]

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TweetI am a gamer. It started back in 1981 with Pong on our television. From there I progressed to Atari and arcade games. Life changed dramatically in 1986 with the purchase of my first Nintendo gaming system. My days and nights were filled with Super Mario Brothers, Legend of Zelda and Contra – good thing […]

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TweetToday’s clients are more loyal to their lawyer than their law firm and rainmaker partners are returning that loyalty by seeking out better opportunities for their clients and themselves at other law firms. Partners are now moving from firm to firm in the same percentages as associates are moving.  This new mobility by rainmaker partners […]

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TweetThis week’s Dewey & Leboeuf bankruptcy is more evidence that the law business has changed radically since 2008.  Law firms that insist on doing business as usual and continue to raise their rates each year will continue to see declining profits as clients seek out smaller, regional law firms with more competitive fee structures. To […]

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TweetThe recent collapse of the now-infamous New York City firm Dewey & LeBoeuf, which at the height of its popularity had over 1,000 lawyers, has had many consequences. One of the more notable ones is the disruption caused to the job market for attorneys as a result of the laying off of all Dewey attorneys. […]

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TweetGuaranteed multi-year partner compensation contracts, in an open system where all partners know what everyone makes, was probably ground zero of the Dewey & LeBoeuf disaster. High partner compensation, with no tie to the firm’s realization rate and without an escape clause to allow for adjustment in a declining market, no doubt sealed Dewey’s fate. […]

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TweetDewey & LeBoeuf’s seemingly rapid free fall has caught the attention of business analysts and bankers as much as the legal community.  As a result, the legal industry today is undergoing the same scrutiny as the financial services industry did in 2008. While criminal allegations, lush multi-year contract guarantees and big debt dominate the Dewey […]

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