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Judge Refuses to Reconsider Merrill Cases
Citing a host of media reports that he said put the "reasonably intelligent investor" on notice, Southern District of New York Judge Milton Pollack has rejected a motion to reconsider dismissal of two cases against Merrill Lynch & Co. Investors in 24/7 Real Media and Interliant Inc. were unhappy about the judge's June 30 dismissal of claims that conflicts led Henry Blodgett and other Merrill analysts to hype the stocks they had no business touting.
Are Two Venerated D.C. Law Firms Destined for a Slow Fade?
The transition to a more competitive environment has not been easy: How much do law firms expand? In what areas? How do they balance firm culture with the need to compete for everything from talent to clients? Two old-line institutions -- Arnold & Porter and Covington & Burling -- seem to be having trouble adjusting to Washington's new paradigm. "It's been a time of some transition in our firm as we moved from a time of big litigation to a more diverse practice," says Arnold & Porter Chairman Thomas Milch.Law Firms Gauge the Outlook for Outsourcing
Corporate hard times may not be all bad news for law firms. The economic crunch is causing more and more companies to change the way they do business, and that has given rise to a new niche practice area for law firms: helping clients outsource parts of their business to cheaper labor markets, often overseas.Latham and Gibson Dunn Raise N.Y. Salaries to $160,000
California associates still dreaming of New York-sized salaries are in for a rude awakening. West Coast standard bearers Latham & Watkins and Gibson, Dunn & Crutcher announced that they're increasing first-year associate pay to $160,000 in New York, but only to $145,000 in California and elsewhere. Orrick, Herrington & Sutcliffe, Heller Ehrman and Paul, Hastings, Janofsky & Walker also announced the same increase -- except that Orrick will also raise Washington, D.C., first-years to the $160,000 scale.
The NLJ 250: Call it growth — barely
The NLJ's 27th annual survey of the nation's 250 largest law firms reveals that the number of attorneys grew by a mere 1.5% over the past year after a 1.6% rate the year before. Even more telling, the number of associates dipped by 3.5%. It was only they third time in the history of the survey that associate staffing dropped in consecutive years. View with free registration.Trending Stories
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