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January 03, 2012 |

IBM GC: Outside firm ownership harms clients

The idea of allowing nonlawyers to hold ownership in law firms has taken hold in Australia, the United Kingdom, parts of Canada, and in Washington, D.C. Now the American Bar Association is discussing whether the concept should expand across the United States.Current ABA ethics rules say that only lawyers may share directly in legal fees, but each state has the final say.
4 minute read
June 01, 2012 |

In Wake of Dewey, Considering Alternative Business Structures

Lawrence W. Newman and David Zaslowsky, members of Baker & McKenzie, ask: Could there have been a different outcome to the Dewey & LeBoeuf debacle if it had made what appears to have been ill-advised management decisions in the context of a different regulatory regime that permitted a different capital structure?
11 minute read
July 01, 2006 |

The Winds of Change

Twenty years after the dramatic changes known as the Big Bang reconfigured the London financial markets, the British have moved one step closer to deregulating their national legal market. A massive proposal submitted to Parliament in late May aims to rearrange the playing field for British lawyers by, among other things, permitting nonlawyer investment in law firms and the creation of multidisciplinary practices. The broad changes, which are expected to be approved by next year, are promoted by Tony Blair'
2 minute read
February 08, 2010 |

VERDICTS & SETTLEMENTS

Announcements about lawyers, firms and judges.
6 minute read
January 14, 2008 |

N.Y. Court Finds Exception to Assumed-Risk Doctrine

In a tort action by a college softball player against her coach and university, a Brooklyn, N.Y., judge has ruled that exceptions exist to the general principle that getting hit in the head with a bat is a "commonly appreciated risk" of softball.
3 minute read
May 04, 2007 |

This Week in Law Journal History

Law Journal stories through the last century.
2 minute read
November 23, 2012 |

State Bar Affirms Its Opposition to Non-Lawyer Ownership of Firms

The Nov. 17 action approved a recommendation of a task force appointed in February to assess whether changes in the profession justified a shift in the position taken by the group in 2000.
4 minute read
September 03, 2003 |

Lawyer TV Ads Thrive Despite Lingering Doubts

Alexei [email protected] FRANCISCO-The 30-second spots inviting victims of sundry misfortunes to pick up the phone for a free consultation are as entrenched in the late-night TV firmament as ads for kitchen cutlery and hair-growth products. But the days of the lawyer TV ad as quirky sideshow of the legal profession may be coming to an end.
4 minute read
February 05, 2001 |

May We Please See Your Credentials?

Law firms are academic credential snobs, and getting hired is largely a numbers game, according to the Rodent. Thus, if serial killer Ted Bundy (University of Florida College of Law) had, from death row, submitted his risumi to The Firm, he would have been considered for employment if he graduated at the top of his class, but even Clarence Darrow wouldn't have a chance if he got poor grades.
4 minute read

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