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Top StoriesSaturday, May 19, 2012

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Lawyers Prepare for Fallout From JPMorgan's $2 Billion Loss

The financial services industry and more than a dozen top law firms that represent the industry are expressing concern that reaction to JPMorgan's recent $2 billion loss could sour months of expensive lobbying work on Capitol Hill and before key regulatory agencies. Nowhere is this tension more apparent than in the push and pull over the pending multiagency Volcker Rule, which proponents say could rein in the activity that led to the company's massive trading loss.

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Pacenti's rant: Law firm layoffs

It's not easy being a lawyer these days. And even harder being part of the law firm's support staff as law firms are cutting back on those positions. John Pacenti asks "Is this more about management or greed?"

Did End of $3 Billion Malpractice Case Feed Dewey's Money Woes?

The abrupt dismissal of a $3 billion malpractice case came amid concerns about Dewey's finances and a stream of partner departures, but it's hard to know whether resolving it added to the fiscal woes that overtook Dewey. That's because the settlement's terms, and details about how much the firm agreed to pay out, are shrouded in secrecy.
Also see: Dewey: Profiles in Something

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New Law Takes Canadian Spam off the Marketing Menu

If you think your company doesn't send spam, you may want to double-check. A Canadian anti-spam law with global reach is poised to cast a wide net for offending communications. Given the hefty fines and class action potential, the new law is sure to prompt tough conversations between in-house counsel and company marketing departments.

As Facebook Goes Public, Privacy Lawyers Chase Its Billions

Facebook may rake in more than $18 billion in its initial public offering. And plaintiffs lawyers are already vying for a big chunk of the proceeds: Plaintiffs in a proposed privacy class action have filed an amended complaint demanding $15 billion in damages and injunctive relief.

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N.Y. Judge's Disclosure Highlights Medical Marijuana Debate

New York lawmakers battling to legalize the medicinal use of cannabis are lauding an op-ed column by Brooklyn Supreme Court Justice Gustin Reichbach in which he admitted smoking marijuana to cope with the effects of cancer. But Reichbach's civil disobedience could be construed as disrespect for the law he is pledged to support.

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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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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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The Next Solo Incubator Will Be in San Diego

The National Law Journal

The Thomas Jefferson School of Law is the latest law school to start a solo incubator -- a post-graduation program intended to provide affordable office space and mentoring from law faculty and alumni to help graduates gain experience and learn how to run their own practices.

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