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Compensation Survey Shows Lofty Rewards for Firms
Eugene Stearns is a pricey lawyer to have on your side, billing $700 an hour, the highest fee found for a south Florida attorney in a recent lawyer billing survey. But the Stearns Weaver Miller Weissler Alhadeff & Sitterson plaintiffs attorney says his firm turns work away each day, so "the market is responding to the appropriateness of the rates that we charge." The survey also found that while senior partners at large law firms charge high rates, in some cases boutiques can command just as much.
Stanley GC Helps Launch Government Contractor IPO
One of the primary reasons government contractor Stanley Inc. hired GC Scott Chaplin was so he could help the company in anticipation of its IPO. Chaplin helped the company go public -- a huge and exciting change for Stanley, which provides information technology services and solutions to U.S. defense and federal civilian government agencies. Chaplin says learning the technology part of the business was his biggest challenge in going in-house.Calendar Draws Supreme Kibitzers
Some of the titans of the U.S. Supreme Court bar have privately asked Chief Justice William Rehnquist to consider overhauling the court's calendar to take into account its drastically reduced docket. The reason: the court's new lean, mean docket is shaving days and weeks off the time lawyers have to brief their cases and prepare for oral arguments. But the extraordinary and unpublicized effort by more than a dozen veteran Supreme Court advocates has been politely rejected by Rehnquist.
Alston & Bird a World Apart From DLA Piper
In the past month, five partners have left Alston & Bird for DLA Piper. What makes the moves more than the average lateral soap opera is the fact that the law firms are in such different places. While Alston has about 750 lawyers in six offices, DLA Piper dwells near the top of the law firm financial charts, with 3,400 lawyers working in 64 offices around the globe. DLA Piper has set out to be, as joint CEO Francis Burch Jr., puts it, "the leading global business law firm," come hell or high water.Making Sense of Military Technology
Lexington, Mass.-based Raytheon is the third-largest U.S. defense contractor and builds missiles, military electronics and components of the proposed national missile defense system. As in-house counsel, Thomas D. Hyde must understand the technology behind all of Raytheon's products because "anything that an engineer comes up with that's new and unique has the possibility of being patented."
China Tries New Tactics in Patent Fight
As China strives to shed its counterfeiter image and enhance its global economic standing, litigation against the country is growing. Because losing a suit could block entry to the U.S. market, Chinese companies are hiring prominent American law firms to represent them in U.S. courts. "What we're seeing now is that the Chinese are becoming much more educated about the IP system and what they can and cannot do," says Cecilia Gonzalez, Howrey's intellectual property practice co-chair.Cadwalader Slashes Billing Rates for Treasury Work
Cadwalader, Wickersham & Taft steeply discounted its billing rates for work on behalf of the Treasury Department related to the Troubled Assets Relief Program. Documents obtained under a Freedom of Information Act request spell out the specifics of the big cuts in hourly rates typically charged by Cadwalader partners and associates. The co-chair of Cadwalader's financial restructuring group says he does not believe the firm intended to consent to the release of its rates.Corporate Attorneys Split on Whether Partner's Refco Indictment Is a Warning for Others
Has the indictment of Mayer Brown partner Joseph P. Collins sent "a chill down the spine" of transactional lawyers everywhere, as Collins' defense lawyer said it should? Reactions are mixed. While one corporate partner speculated that Collins "may just be a bad apple," another said the case would be watched closely in the darkening economic climate, adding, "When the economy takes a hit, there is a tendency to look for scapegoats to be taken out and shot."Trending Stories
- 1A Novel (and 'Funnier') Ranking System for Law Schools: How Many Mentions in the Times
- 2Ex-Judge Tatel Regrets Focusing Clerk Hiring on Applicants from Elite Law Schools
- 3Insights on M&A Trends: Midyear 2024 Expert Roundtable
- 4Dallas Firm That Won $45M Talc Verdict Scored Again: Jury Hits J&J With $260M
- 5It's Not Just the Spread. Big Law Is Making More 'Business-Driven' Pay Choices
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