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D.C. Firm Arent Fox Takes a Long Look in the Mirror
Arent Fox Kintner Plotkin & Kahn, a longtime fixture of Washington, D.C.'s legal scene, is looking for answers. The firm is beleaguered by flat revenue and a stream of partner exits. Now the firm has begun an extensive effort to regain its footing.Top Firms Find N.Y. Is Still the Apple of Their Eyes
It is certainly no surprise that many of the biggest winners in The American Lawyer magazine's Am Law 100 chart for 1999 -- Skadden, Arps, Slate, Meagher & Flom; Davis Polk & Wardwell and Weil, Gotshal & Manges -- are Manhattan-based financial practices. California firms who have done well have profitable branches in New York. Despite the rise of high tech industries in Austin and Seattle, New York still seems to reign supreme as the city of big revenues.A patent infringement suit won't get in the way of AmEx's marketing of tap-and-go credit cards, thanks to the company's lawyers at Quinn Emanuel Urquhart & Sullivan.
Jury verdicts for big-company financial fraud don't come easy for the Securities and Exchange Commission. So the agency was understandably crushed in 2007 when a San Diego judge threw out securities fraud verdicts that it won against two former Gateway executives. Now, thanks to the Ninth Circuit, the SEC has won back those verdicts.
UTStarcom's Crash Shows Pitfalls of Doing Business in China
UTStarcom went public in 2000, and for a time was seen as a smart way to play the China telecom boom. But it's become an example of what corporate lawyers can face when trying to square business practices common in China -- such as paying bribes and recognizing income before it's actually in company coffers -- with the corporate disclosures required by U.S. regulators. More than $300 million in revenue has come off the books, and the company has admitted to backdating stock options for executives.Branding is Law Firms' New Buzzword
Long a cornerstone of consumer marketing, the notion of branding is being stretched in a new direction these days by law firm consultants and their in-house counterparts. Despite all the effusiveness, though, no one seems to agree on exactly what branding is or how a law firm is supposed to do it. Nor is there yet any evidence that branding actually works in the legal business.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.State AI Legislation Is on the Move in 2024
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2024 ESI Risk Management & Litigation Readiness Report
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