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November 21, 2008

In Surprise Move for Troubled Times, DLA Piper Asks Partners to Contribute Capital

The Recorder

DLA Piper raised some eyebrows when it said Wednesday it would ask 275 income partners to contribute capital -- up to $150,000 each -- to shore up its balance sheet. But those who watch the industry said the move should not be a great surprise, nor raise alarm bells.

Class Lawyers Against Coke Get More Than $31.5 Million

Fulton County Daily Report

A judge has awarded more than $31.5 million -- and some pointed observations -- to lawyers who spent eight years battling Coca-Cola over whether the company artificially inflated revenue figures to boost stock prices. The fees will be deducted from a $137.5 million settlement fund.

No Bonuses, No Salary Increases, No Expected Layoffs, Says Bryan Cave's Chair

The American Lawyer

The Am Law Daily checks in with Bryan Cave's chairman to learn more about the firm's cost-cutting moves in the midst of the credit crisis. The firm has delayed associate raises for three months and has permanently scrapped its unique associate bonus program.

LEGAL BLOG NEWS

Can Employees Be Booted for Wasting Time While Computer Boots Up?

Seems like some companies will do anything to squeeze an extra 30 minutes of work out of employees, says Carolyn Elefant. Believe it or not, companies actually have the gall to dock employees' pay for the time spent waiting for their computers to boot up, reports The National Law Journal.

Law.com Blog Network

eHarmony Class Certified Despite Promised Gay Site

Hours after eHarmony unveiled a new same-sex-only Web site, the key condition of its New Jersey settlement, a Los Angeles judge certified a statewide class action against the company, which refuses to let users seek same-sex partners on eHarmony.com.

How One Brooklyn Courtroom Wastes $10M Each Year

This is a story of how one courtroom in Brooklyn is responsible for wasting over $10 million in legal time. Every year. And that calculation is conservative.

FEATURES

Early Warning Signs of Firm Failure

The Legal Intelligencer
sick building

Bad economic times may have exacerbated law firm failures like those of Thelen and Heller Ehrman, but they weren't the cause, according to a white paper issued Wednesday by Hildebrandt. The consultancy discusses common characteristics and "triggering events" shared by failing firms.

Getting Search Engine Optimization Right

Legal Tech Newsletter
Colin Anderson, Getty Images

Legal marketers are increasingly using search engine optimization as consumers turn to the Internet to become more informed about attorneys and specific legal issues. Smart lawyers are proactively managing their online reputation by monitoring and influencing Web search results.

In BAE Probe, U.S. Steps In Where Brits Fear to Tread

Corporate Counsel
missiles

When the British government dropped a bribery probe of BAE Systems, Europe's largest military defense contractor had a major management shake-up, including the hiring of new GC Philip Bramwell who is leading its reform efforts. So why have the Americans jumped into the fray?

Updated Special Report: Crisis on Wall Street

Incisive Media
bankruptcy rop

Fannie, Freddie, Lehman, AIG: As Wall Street's woes continue, Law.com presents ongoing coverage of the financial meltdown from across the globe, with updates on what it means for law firms and lawyers. See if your law firm is on The Layoff List.

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