By: Vanessa Vidal
Despite a climate of uncertainty, there is one lawyer who is feeling pretty good about himself: Brian Moynihan, a Merrill Lynch attorney eyeing the BofA CEO job…
2009 Best Corporate Law Firms
By: Leslie White
According to Corporate Board Member magazine, the 2009 Best Corporate Law Firms includes Skadden, which has been ranked the top corporate law firm in the US for the ninth year in a row…
2009 Best Legal Department
By: Vanessa Vidal
Corporate Counsel’s fourth annual competition for “2009 Best Legal Department” was again a difficult one. The winning legal department was one that prevailed against a backdrop of financial meltdown. As Samuel Johnson put so eloquently, “nothing concentrates…
Corporate Legal Department Layoffs
By: Vanessa Vidal
Despite recent reports by the National Law Journal of a study projecting growth of roughly 5% in corporate legal spending over the next six months, corporate legal departments are facing deep budget cuts and corporate legal department layoffs are imminent…
Lawyers Getting Paid Not To Work
By: Leslie White
The latest law firm to offer packages to its delayed first year incoming class is Pillsbury. Yes, the same Pillsbury that was caught shouting off names of the lawyers it was planning to layoff…
Law Firms Are Playing Possum With Billing Rates
By: Vanessa Vidal
Companies hoping to see a profound change in law firm billing practices should not hold their breath. Despite all the talk of fixed fees and discounted rates, a new Altman Weil survey reveals that law firms are not doing anything…
New Study Projects Growth In Corporate Legal Spending
By: Leslie White
According to an article by the National Law Journal, a new study projects growth of roughly 5 percent in corporate legal spending over the next six months, but corporate lawyers say that fixed legal budgets preclude most…
The Importance of Law School Grades
By: Vanessa Vidal
The importance of law school grades was highlighted by the American Lawyer story of Loren Friedman, a lawyer who altered his law school transcripts to get a summer associate position at Sidley Austin in Chicago…
Are There Too Many Law School Applicants?
By: Vanessa Vidal
We have seen the layoffs, the salary cuts, and the deferred employment offers all resulting from one thing: too many lawyers for too little work. This begs the question: Are there too many law school applicants?
Asia’s Legal Demand Is Still On The Rise
By: Vanessa Vidal
The underlying demand for infrastructure and the increasing wealth throughout Asia are likely to drive growth over the next 25 years. The demand for those areas appears almost endless, and will certainly continue to grow as…