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April 26 (Bloomberg Law) -- William Snyder, co-head of the corporate restructuring group at Deloitte, talks with Bloomberg Law's Lee Pacchia about a new survey his group conducted on executive management during corporate...more
Oct. 12 (Bloomberg Law) -- An increasing number of major law firms are quoting "suicide prices" just to get business that will keep their lawyers occupied, even though the firms can't make money on the work, according to law...more
Aug. 23 (Bloomberg Law) -- Many partners at America's biggest law firms are simply making too much money, according to former Kirkland & Ellis partner Steven J. Harper, who is now an adjunct professor at Northwestern...more
Here’s a real shocker for you: When a partner leaves a healthy law firm, he and his or her new firm can be required to return to his or her old law firm the profits made the cases he or she brings along. These obligations...more
Gosh, I could have had a V – 8.
Trial lawyers often say that when they try a case, they always wind up trying three cases: The case they plan on trying, the case they actually try and the case they should have tried....more
May 10 (Bloomberg Law) -- Stuart Saft, the former head of the real estate group at Dewey & LeBoeuf, tells Bloomberg Law's Lee Pacchia that legal headhunters spread blog stories about the firm's financial problems to...more
We are still sitting and gawking unabashedly at the awful train wreck that is now the fate of Dewey & LeBoeuf. The human carnage is unspeakable, yet we can’t stop staring.
The pundits are rapidly offering their own...more
April 26 (Bloomberg Law) -- Businessweek writer Paul Barrett says the recent troubles at law firm Dewey & LeBoeuf are the leading edge of a "broad restructuring among some of the best known brand names in American law." He...more
The numbers for 2011 for law firms are dribbling out as they inevitably do at this time of year. The reports are fairly consistent all across the board: Gross revenues up at about 3 or 4%; net profits increased at double...more
In the second half of the last century, BigLaw developed and then fine tuned its pyramided business model. The name of the game was leverage: put an increasingly large cadre of associates at the base of the pyramid, have...more
Citibank’s 2012 year-end report on law firm profitability tells us that 2012 was the Dickensian best of times and the worst of times. Only more worst than best.
It was the best of times because law firms reported a...more
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