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Offer Rates Rise for Next Fall's First-Year BigTex Associates
As autumn begins, many large Texas firms already have made permanent job offers for the fall of 2013 to students who worked at the firms during the summer.Outsourced Around the World in a Billable Hour
Associates may be pleased by the recent spike in first-year salaries, but are associates worth the cost? Even as law firms call the salary increases a competitive necessity, concerns are developing over the growing use of outsourcing and offshoring. Some estimates predict 79,000 jobs -- more than half of them attorney positions -- could be lost to offshore providers of legal services by 2015. Will the rise in associate compensation -- and, ultimately, billing rates -- price firms out of their own market?Headcount Numbers Flat at Largest Firms in Texas
In 2010, one Texas firm grew due to an oil rig explosion and another shrank due to the timing of birthdays. Godwin Ronquillo increased its lawyer count by almost 50 percent during the last eight months of 2010, primarily to meet the needs of one client, says Donald E. Godwin, chairman and chief executive officer of the Dallas-based firm. The firm represents Halliburton Energy Services Inc. of Houston in litigation related to the April 2010 Gulf of Mexico explosion of the Deepwater Horizon oil rig operated by BP PLC of London.Gross Revenue at BigTex Firms Inches Up in '11
The strength of the Texas economy, and the rock-solid energy business specifically, resulted in a strong year for the finances of large Texas firms. Jackson Walker managing partner C. Wade Cooper helped his firm's gross revenue jump 8.5 percent in 2011.A 'Nonprosecution Agreement' by Any Other Name...
On Aug. 28, Prudential Financial Inc. signed what it thought was a nonprosecution agreement with Michael Sullivan, the U.S. Attorney in Boston. But after the signing, deputy attorney general Paul McNulty called a press conference to trumpet the "deferred prosecution agreement." McNulty's comment has led some to question the government's credibility. The question of what to call the pact isn't just semantics -- a deferred prosecution deal carries more of a stigma than a nonprosecution agreement.Court Curtails Shareholder Prospectus Suits
Suing public companies for shareholder losses arising from allegedly false registration statements accompanying public stock offerings will be more difficult under a recent ruling by the 5th U.S. Circuit Court of Appeals.State AI Legislation Is on the Move in 2024
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