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Top StoriesWednesday, May 16, 2012

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Best Legal Departments 2012: From Singular to Plural

For the first time, Corporate Counsel has chosen four Best Legal Departments as winners in its annual competition. The winners range from a department with 140 attorneys to a department with just one. This year, size really didn't matter. What did count: strong leaders who are passionate about what they do; the creation of systems to make legal departments more efficient; and a shared belief and teamwork on the part of committed colleagues.

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How the Firms Reacted to the First Am Law 100

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N.Y. Chief Judge Urges Passage of Bill to Up Age of Criminal Responsibility


3:35 P.M. ET

New York Chief Judge Jonathan Lippman has begun an aggressive campaign to achieve his top legislative priority: passage of a court system reform that would raise to 18 from 16 the age of criminal responsibility for non-violent crimes.

Skechers to Pay $45 Million to Settle Deceptive Ad Claims Over Toning Sneakers


2:30 P.M. ET

Skechers USA has agreed to pay $45 million to settle Federal Trade Commission and state charges that it made unfounded claims that its toning sneakers would help people lose weight while strengthening and toning their legs, buttocks and abdominal muscles.

PTO Director Compares 'Smartphone Wars' to Patent Battles of Old


1:55 P.M. ET

The so-called "smartphone wars" involving patent lawsuits are just part of the "natural ebb and flow of technology development" and not a fundamental problem with patents or the patents system, the director of the U.S. Patent and Trademark Office told a congressional committee today.

As More Lawyers Head for Exit, Dewey Faces Several Lawsuits

Some of the last remaining lawyers at Dewey & LeBoeuf packed up their belongings and turned in their BlackBerries and security passes Tuesday. Meanwhile, lawsuits against Dewey are starting to pile up. So far, suits have been filed over the firm's pension plans, a lack of termination notice and payment for janitorial service.
See also: Dewey Makes New York Headquarters Closing Official With Notice to State


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CFTC Commissioner Adds Pep to His Message

The BLT: The Blog of Legal Times | May 14, 2012

From Star Trek to Taoism, Tom Petty to Starsky & Hutch, March Madness to Moneyball, Bart Chilton of the U.S. Commodity Futures Trading Commission is known for leavening potentially dry-as-dust subject matter with abundant pop culture references. His CFTC colleagues give speeches with titles like "Re-proposed Procedures to Establish Appropriate Minimum Block Sizes for Large Notional Off-Facility Swaps and Block Trades." Chilton's are called "Huggy Bear and Position Limits" and "It Takes a Pillage -- Financial Fiascos, Frauds and Fixes."

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Am Law 100 2012

The American Lawyer

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

 
VIEW ALL OF THE "AMLAW 100"
NLJ 250

The National Law Journal

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

 
VIEW ALL OF THE 'NLJ 250'
The Power of Hope

The American Lawyer

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

 
VIEW ALL OF THE "AMLAW 200"
Go-To Law Schools

The National Law Journal

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?

 
VIEW ALL OF THE REPORT
 
 
 
 
 

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Plaintiffs Lawyers Eye Data Breach Niche

The Connecticut Law Tribune

Plaintiffs attorneys are finding new business these days by taking on cases in which clients claim to have been hurt, financially or otherwise, by data breaches. The breaches are expected to lead to issues of first impression, but the ultimate valuation of such cases is still a big unknown, say attorneys.

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