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Legal Business Falls With Plunge in IPOs
A dire market for initial public offerings this year has triggered an abrupt halt in work for corporate lawyers who regularly handle issues associated with those financings. So far this year, only four companies have gone public, compared to 25 in the first four months of 2008, according to Renaissance Capital, an independent IPO research firm based in Greenwich, Conn. And as of April 29, only five companies this year have filed documents with the U.S. Securities and Exchange Commission to go public, a 93.8 percent decline from the 81 in the same period in 2008.News Flash: A N.Y. Office is Happy
As other firms search for the Fountain of Retention, the partners at Kirkland & Ellis smile indulgently. They know the secret to eternal satisfaction. Astonishingly, for the past five years, the office has scored first in New York City on all seven American Lawyer surveys of summer or midlevel associates. Kirkland's secret: Give new lawyers freedom and responsibility.News flash: A N.Y. office is happy
As other firms search for the Fountain of Retention, the partners at Kirkland & Ellis in New York smile indulgently. They know the secret to eternal satisfaction. Astonishingly, for the past five years, the office has scored with summer and midlevel associates. Kirkland's secret: Give new lawyers freedom and responsibility. Perhaps more important, associates get to choose their assignments, and partners have to compete for associates.Trending Stories
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