The Post-IPO World of Facebook's General Counsel

As Facebook's IPO transforms the social network from a private venture to a publicly held corporation, general counsel Ted Ullyot's role is about to undergo its own metamorphosis -- both in terms of the disclosure and governance responsibilities that fall to the GC of a public company, as well as the intense scrutiny that Facebook will encounter as it begins trying to meet its new investors' mega-growth expectations. The general counsel and his fellow executives "will really feel like they're in a fishbowl," says Dan Cooperman, former general counsel of Apple.

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How the Firms Reacted to the First Am Law 100

Telling The American Lawyer's Creation Story

Recorder Roundtable: Outstanding Trial Work

Pa. Supreme Court Suspends Justice Orie Melvin in Wake of Pending Charges

The Legal Intelligencer

2:33 P.M. ET

The Pennsylvania Supreme Court today suspended Justice Joan Orie Melvin, who will be charged later today with nine criminal counts alleging that she used her office staff to perform campaign work, according to a statement by prosecutors. The charges include some felony counts.

Was the Safeway General Counsel's Big Joke Sexist?

Corporate Counsel

2:04 P.M. ET

The general counsel of Safeway, a Fortune 100 company, tried to make like Jay Leno and tell a joke at the supermarket chain's annual meeting this week. However, some folks weren't amused and are now branding Robert Gordon a sexist and vowing not to shop at the retailer.

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Law.com Blog Network

Supreme Court Justices Take a Musical Break

The BLT: The Blog of Legal Times | May 17, 2012

The Supreme Court was nearly unanimous Wednesday in pausing from its work to attend its annual musicale, an invitation-only interlude that draws world-class talent to perform in the justices' wood-paneled east conference room. The late Justice Harry Blackmun launched the event in 1988, but for the last decade Justice Ruth Bader Ginsburg has been the hostess. As she noted Wednesday, the event always takes place when, for the court, "the pressure to produce opinions becomes most intense."

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All the key financial metrics for The Am Law 100 rose by single digits last year: gross revenue, revenue per lawyer and profits per partner. Eighty-three firms posted revenue gains, 25 more than in the prior year. Firms reversed course and added to their head count. Even equity partners grew their ranks on average after two years of flat or negative growth. But as a rule, income inequality continued to plague the rankings.

The Haves and the Haves Less

 

Gross Revenue: Vereins Top List

Am Law 100 Interactive Chart

25 Years of The Am Law 100

After three years of flat to negative growth, 2011 was when the nation's 250 largest law firms started getting bigger again. Headcount among NLJ 250 firms was up a collective 2,132 lawyers, for a growth rate of 1.7 percent -- in line with the average increase during the past 10 years, but well below the 4 to 5 percent growth of 2005-2008. Growth was far from universal in 2011; while 118 firms on the list added lawyers, 109 shrank and eight were flat.

A Time to Grow, Once Again

Full NLJ 250 Survey Results

Newcomers to the NLJ 250

NLJ 250 Regional Report

While the nation's 100 highest-grossing firms rebounded from a disastrous 2009 by posting healthy gains in 2010, gains at the Second Hundred were less robust. The Second Hundred's total gross revenue rose 2.2 percent, to $17.46 billion in 2010 from $17.08 billion in 2009, while average revenue per lawyer increased just 1.5 percent, to $579,749 from $570,999. Average profits per partner rose 3.4 percent, to $665,665 from $643,580. So why aren't they worried?

The 2011 AmLaw 200

Gross Revenue

RPL Top 20

The economy began to rebound in 2011, but that wasn't enough to get firms to rev up associate hiring. We rank the top 50 law schools by percentage of 2011 J.D. grads who took jobs at NLJ 250 firms. We also identify the schools where NLJ 250 firms recruited the most graduates and the law schools that saw the most alumni promoted to partner in 2011.

It's Tough Out There

The Go-To Law Schools

Firm Favorites of 2011

Associates Promoted to Partner

Biggest Bang for the Buck?

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