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Midsize Firm Steefel Regroups as Partners Depart
Steefel, Levitt & Weiss, a midsize San Francisco-based firm known for its real estate practice, has lost 11 partners since January 2005, including two who announced this week they're leaving for Reed Smith. But the 65-lawyer firm is working on building itself back up. "The size that I think Steefel can do a good job at is a firm of 110 to 125 lawyers," says Chairman Barry Lee. Observers say midsize regional firms like Steefel can prosper indefinitely, as long as they can retain or replace big-book partners.Recent Class Action Rulings Offer Good News for Employers
Reports of multimillion-dollar settlements of class actions under the federal Fair Labor Standards Act have been so rampant that a casual observer could be excused for believing that the news is dismal for many employers. But a number of recent developments suggest a turning of the tide, at least with respect to discrimination cases. And even in FLSA cases, the courts and the Labor Department have made it clear that plaintiffs don't enjoy a free pass, writes attorney Philip M. Berkowitz.Trending Stories
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