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June 27 (Bloomberg Law) -- Weil, Gotshal & Manges' announcement this week it is firing 60 associates and 110 support staffers, and cutting the pay of about 30 partners, is the start of a wave of such downsizings, according to...more
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
April 25 (Bloomberg Law) -- A substantial percentage of the nation's largest law firms enter the sixth year of the Great Recession "badly weakened," and more firms are expected to fail, according to law firm consultant Kent...more
In his inaugural address in 1933 amidst the Depression, Franklin Delano Roosevelt said that the only thing we had to fear was “fear itself”. 1933 predates ERISA by 40+ years, so FDR clearly didn’t understand the dilemmas of...more
We all know the cost of retaining an expert can be pricey. But does the price tag affect vindication of individual rights under a federal statue and impact court access?
Should the cost of expert witness fees play a role...more
Sept. 5 (Bloomberg Law) -- Kent Zimmermann, consultant to law firms for the Zeughauser Group, talks with Bloomberg Law's Lee Pacchia about the prospects for the legal services industry in 2013. Kent says that law firms have...more
Most plan sponsors thought they couldn't afford an ERISA/ retirement plan attorney until now. Introducing Retirement Plan LegalEase, the $1,000 Retirement Plan Legal Solution to help you minimize your fiduciary liability as a...more
The Bankruptcy Filing of Dewey & Leboeuf
Well, it's happened again: with its May 28 bankruptcy filing (the largest for any law firm in U.S. history), Dewey & LeBoeuf has gone the way of Howrey, Thelen Reid, Heller...more
Ever wonder what your law firm is worth? Here’s a shocker: Nothing, zero, zilch, nada.
While law firms around the world are scrambling for cash and the folks across the pond are counting money they will never receive...more
The Chamber President, The Hon Mr. Justice Warren in the cases of HMRC –v- Atlantic Electronics held AN APPEAL BY HMRC TO disapply Rule 10 of the 2009 Rules is DISMISSED! “The right to opt out from Costs is a recognition of...more
The Georgia Supreme Court issued a recent order regarding the unauthorized practice of law in Georgia Courts. While companies were once permitted to answer Georgia garnishments through any authorized agent, the law now...more
If your client is contemplating an asset acquisition, there are many complex factors to consider. In an asset acquisition, the buyer only acquires the assets and liabilities it identifies and agrees to acquire and assume,...more
The Virtual Paralegal Newsletter Magazine™ is the industry leading information resource for virtual paralegals and assistants to stay current on the latest news, regulations, technology and new development in the virtual law...more
2009 caught law firms largely by surprise, without any adequate plans in place to deal with the malaise then affecting the legal profession. 2011 now looks even more frightening for law firms. Law firms continue to confront...more
As if lawyers don't have enough to do. In the last decade, with clients looking at the hiring of law firms through the specatcles of a purchsing agent, clients have been requiring law firms to submit lengthy, detailed...more
This note identifies several problems created by the Tax Court’s holding in Robinson Knife Manufacturing Inc. v. Commissioner, and illustrates the dilemma with the current treatment of trademarks under the Internal...more
Corporate counsel have to cut their outside legal spend and they are moving litigation matters to regional firms that provide better value and outstanding legal expertise.
Regional law firms in Nashville are getting a boost...more
Many large and even mid-sized law firms have gone their own merry ways for years, happily assuming that high associate salaries, million-dollar partner draws, increasing billing rates and the occasional leveraged merger with...more
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