var NewsHeadlines = new Array(); var NewsSubHeadlines = new Array(); var Source = new Array(); var ByLine = new Array(); var NewsAbstract = new Array(); NewsHeadlines=NewsHeadlines.concat("Navigating Big Law's Complicated Power Structure
"); NewsSubHeadlines=NewsSubHeadlines.concat("empty
"); Source=Source.concat("fulton_county_report
"); ByLine=ByLine.concat("The Snark
"); NewsAbstract=NewsAbstract.concat("Big Law is governed by many unspoken social rules, says The Snark, and what is acceptable behavior often depends on where you fall in the Big Law hierarchy. The Snark, no anthropologist, nevertheless attempts to provide some meaningful guidance on the basic power structure and how it plays out in specific situations. A good rule of thumb is that Power Partners at the top can do whatever they want. The rest just need to pay attention and follow the example of those who have survived and are upwardly mobile.
"); NewsHeadlines=NewsHeadlines.concat("Another Am Law IP Partner Leaves for Plaintiffs Firm
"); NewsSubHeadlines=NewsSubHeadlines.concat("empty
"); Source=Source.concat("american_lawyer_magazine
"); ByLine=ByLine.concat("Brian Baxter
"); NewsAbstract=NewsAbstract.concat("It seems large plaintiffs firms aren't done recruiting patent lawyers to their ranks. New York's Bernstein Litowitz Berger & Grossmann announced recently that former WolfBlock and Cozen O'Connor IP partner Joshua Raskin is joining the firm. Raskin's move follows similar lateral hires in recent years. Raskin found that at Cozen, a viable patent litigation practice was difficult to build given the constant pressure of the billable hour. 'None of this is a knock on my former firms,' Raskin says of his move.
"); NewsHeadlines=NewsHeadlines.concat("Skadden Matches Cravath, Cleary Bonus Numbers
"); NewsSubHeadlines=NewsSubHeadlines.concat("empty
"); Source=Source.concat("american_lawyer_magazine
"); ByLine=ByLine.concat("Zach Lowe
"); NewsAbstract=NewsAbstract.concat("After doubling the bonus figures set by Cravath, Swaine & Moore last year, Skadden, Arps, Slate, Meagher & Flom will this year match Cravath (and Cleary Gottlieb Steen & Hamilton) by giving out a bonus that represents a sharp cut for younger associates.
"); NewsHeadlines=NewsHeadlines.concat("Survey Finds Revenue, Profits Down at Law Firms
"); NewsSubHeadlines=NewsSubHeadlines.concat("empty
"); Source=Source.concat("new_york_law_journal
"); ByLine=ByLine.concat("Nate Raymond
"); NewsAbstract=NewsAbstract.concat("During the third quarter of this year, gross revenue among law firms industrywide fell by 6.9 percent and net income by 6.1 percent, according to a new survey by Wells Fargo Corp.'s Wachovia Legal Specialty Group. 'What that tells you is there is going to be a lot more riding on the fourth quarter,' said Jeff Grossman, national managing director at Wachovia. The survey was of 131 firms nationally, 50 percent coming from the Am Law 100 and with at least 10 in each region of the country.
"); NewsHeadlines=NewsHeadlines.concat("Ditching the Billable Hour: 'Everyone Wants to Do It'
"); NewsSubHeadlines=NewsSubHeadlines.concat("empty
"); Source=Source.concat("corporate_counsel
"); ByLine=ByLine.concat("Amy Miller
"); NewsAbstract=NewsAbstract.concat("More companies are paying their outside counsel off the clock, according to the Hildebrandt 2009 Law Department Survey. Just over half of the 231 companies surveyed said they either have started or will start negotiating non-hourly billing arrangements with their outside counsel. The results weren't surprising to Lauren Chung, director of Hildebrandt's law department consulting practice and the survey's editor. 'Everyone wants to do it,' she says. 'But the question is: to what extent?'
"); NewsHeadlines=NewsHeadlines.concat("Law School Ferry Commute Leads to Class Action Bid
"); NewsSubHeadlines=NewsSubHeadlines.concat("empty
"); Source=Source.concat("connecticut_law_tribune
"); ByLine=ByLine.concat("Thomas B. Scheffey
"); NewsAbstract=NewsAbstract.concat("Little did Robert J. Peragine know that his commute to law school would lead to a case that could soon become a $8.7 million class action. During his ferry rides to Connecticut, other passengers saw him studying his law books and alerted him to a gripe they had over surcharges that didn't seem to benefit passengers. After a district court ruled that the surcharges were unconstitutional, and awarded damages to an individual passenger, Peragine knew there was a potential class involving all the other passengers.
"); NewsHeadlines=NewsHeadlines.concat("How to Shift Law Firms to a Performance-Based Compensation System
"); NewsSubHeadlines=NewsSubHeadlines.concat("empty
"); Source=Source.concat("american_lawyer_magazine
"); ByLine=ByLine.concat("Dan DiPietro, Lisa Keyes, Laura Saklad
"); NewsAbstract=NewsAbstract.concat("In the last year, several Am Law 100 firms have announced that they have shifted to, or will shift to, a performance-based compensation program for associates. Dan DiPietro, Lisa Keyes and Laura Saklad write that designing and executing a successful performance-based system aligned to a particular firm's strategy takes time, and the changes can require major cultural shifts and can even run the risk of costing, rather than saving, the firm money. Still, for many firms the benefits will outweigh the costs.
"); NewsHeadlines=NewsHeadlines.concat("Stevens & Lee Adds Health Care Executive as Firm Vice Chairman
"); NewsSubHeadlines=NewsSubHeadlines.concat("empty
"); Source=Source.concat("the_legal_intelligencer
"); ByLine=ByLine.concat("Gina Passarella
"); NewsAbstract=NewsAbstract.concat("Stevens & Lee has never quite followed the traditional model of its Am Law 200 counterparts. That trend continues with the addition of a firm outsider to serve as vice chairman of both the law firm and its affiliated investment bank. Joseph W. Marshall comes to the position from executive roles in the health care industry. He previously had his own health law firm. One consultant said if Marshall has responsibility for the firm's overall strategy, his addition could be significant for other firms in the future.
"); NewsHeadlines=NewsHeadlines.concat("ABA Shake-Up Ousts Executive Director, Other Top Staff
"); NewsSubHeadlines=NewsSubHeadlines.concat("empty
"); Source=Source.concat("national_law_journal
"); ByLine=ByLine.concat("Lynne Marek
"); NewsAbstract=NewsAbstract.concat("The resignation this week of Henry 'Hank' White Jr., the American Bar Association's executive director since October 2006, follows other recent staff departures amid a reorganization set in motion by the ABA's new president, Carolyn Lamm. The chief financial officer, Kenneth Widelka, left in September after just over a year in the job. Lamm said the central thrust of the reorganization has been to winnow the number of people reporting to the executive director in an effort to increase management impact.
"); NewsHeadlines=NewsHeadlines.concat("Lawyers Recall the Fun of Working on Sesame Street
"); NewsSubHeadlines=NewsSubHeadlines.concat("empty
"); Source=Source.concat("american_lawyer_magazine
"); ByLine=ByLine.concat("Zach Lowe
"); NewsAbstract=NewsAbstract.concat("To celebrate the fortieth anniversary of Sesame Street, The Am Law Daily reached out to two lawyers who have been around for much of the show's success: Roger Zissu, a founding partner of Fross, Zelnick Lehrman & Zissu who has done IP work for Jim Henson entities for decades, and Daniel Victor, who recently left Sesame Workshop after 15 years as GC and executive vice president. They share some of their fond memories, including defining some of the muppet 'species' to help preserve the rights to the characters.
"); NewsHeadlines=NewsHeadlines.concat("Co-Founder of Virtual Law Partners Is Leaving
"); NewsSubHeadlines=NewsSubHeadlines.concat("empty
"); Source=Source.concat("recorder
"); ByLine=ByLine.concat("Zusha Elinson
"); NewsAbstract=NewsAbstract.concat("Andrea Chavez, executive partner and co-founder, with Craig Johnson, of Virtual Law Partners in Silicon Valley, has left the firm to start Aragorn Law. The move comes six weeks after Johnson's untimely death from a stroke. Chavez said that 'no one could fill Craig's shoes,' and without his leadership at the firm, she decided it was time to try out some new ideas for law practice on her own. With Johnson gone, the partners have decided to expand the executive committee and form an outside advisory board.
");