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Firms Hunting for Stars Re-Examine Partner Compensation
Although the most profitable law firms don't often lose partners to other firms, there's evidence suggesting that even firms with the highest profits per partner have become more vulnerable to the lateral market. In response, some Am Law 100 firms are deploying high-spread compensation systems specifically designed to reward their most valuable partners with more money than they could earn at the most profitable low-spread firms. Think your firm isn't re-examining its compensation system? Don't be so sure.DuPont agreed Tuesday to shell out at least $1.75 billion to resolve its patent and antitrust battle with Monsanto Company over genetically engineered seeds--a battle that has already resulted in a $1 billion jury verdict against DuPont, as well as a bruising sanctions order against the chemical giant.
White House Lawyers Girding for Leak Investigation
As the Justice Department probe into who disclosed the identity of a CIA officer proceeds, White House Counsel Alberto Gonzales and his 10-lawyer staff will be tasked with answering investigators' demands for documents and interviews. The lawyers involved will have to make decisions about what to hand over and what to shield -- sticky issues for an administration that has been unyielding on assertions of executive privilege.Law Firms Join Network to Explore New Ways to Make Practice 'Green'
Nearly 40 law firms have teamed up to create the Law Firm Sustainability Network, a group dedicated to developing "green" law offices. Organized by ecoAnalyze, a New York environmental consulting firm catering to the legal industry, the network was launched last August.How Much Will 'Best Law Firms for Women' List Influence Attorneys?
Female law students entering the recruiting season have another weapon for their interviewing arsenal: a list of the 50 U.S. firms deemed most woman-friendly. The survey by Working Mother magazine and Flex-Time Lawyers covers benefits and compensation; parental leave and policies; child care; workforce profile; flexibility; and retention and advancement. Some women in the profession, however, question how much of an impact the list might have on a newly minted attorney's employment decisions.State AI Legislation Is on the Move in 2024
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