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Big-Firm Associates: Why They Go and How to Keep Them
At the 250 largest law firms, the arrows are pointing up for many associate indicators. But for all this effort, one critical indicator is down. The larger law firms are reported to be losing 30, 40, 50 percent of associates after three to four years � with half to two-thirds of the defections due to associate, not firm, choice.After helping to secure last month's historic gay marriage rulings at the U.S. Supreme Court, and while juggling several other high-profile cases, Ted Olson is now leading a challenge to the terms of Fannie Mae and Freddie Mac's $188 billion government bailout.
A start-up that blames Best Buy for its demise got some revenge on Thursday, when jurors returned a verdict that the big-box retailer misappropriated trade secrets from Techforward, a software company that helped retailers offer "buyback plans" for consumer electronics. The jury awarded Techforward $22 million in damages, and a judge tacked on $5 million in punitive damages.
After getting sued for patent infringement by a non-practicing entity called Oasis Research, EMC could have settled, like most of its co-defendants. Instead, the company filed an appeal with the Federal Circuit and won a ruling that limits the ability of patentholders to name multiple defendants in the same complaint. Now EMC is heading back to the Federal Circuit, seeking a ruling that could ease the way for more cases to be transferred out of the plaintiff-friendly Eastern District of Texas.
Report Finds Law Firm Culture Well-Suited for Failure
Law firm management consultants have encouraged managing partners to focus myopically on metrics that maximize short-term profits, but the upshot of that focus brings out an unpleasant culture in most big firms.The America Invents Act clamped down on the kinds of multi-defendant patent infringement suits favored by "trolls," but plenty of such cases are still pending. Now, thanks to a win Friday by lawyers at Orrick and Gibson Dunn, defendants may be able to split the cases into much more manageable bites, in friendlier jurisdictions.
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