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• When large law firms fail, we need to re-examine the business model

  Apr 24 2012 Here is a very good article that addresses the question of why large law firms fail. The article points out that a dozen firms that have folded over the past ten... more

• Martin Lipton of Wachtell, Lipton, Rosen & Katz turns 80

  Jun 24 2011 There is an interesting article in the ABA Journal about how the 80th birthday of Martin Lipton - a founder, rainmaker and mergers partner at Wachtell, Lipton, Rosen &... more

• Wall Street firm Cahill announces mid-year bonuses

  Jun 17 2011 Cahill is set to award a mid-year bonus to all associates in the range of $5,000 to $25,000. The bonus comes after a record year for the Wall Street firm, with revenue... more

• Freshfields launches US IP practice

  Mar 26 2011 Freshfields Bruckhaus Deringer has relocated London counsel Lindsey Canning to New York to launch the firm’s first US intellectual property practice. Freshfields US... more

• Wall Street firms post high profits

  Mar 15 2011 A number of Wall Street firms saw profits rise last year, as M&A and capital markets work swelled. Some firms ensured their profits by pruning the equity partner... more

• Wall Street firm Cadwalader lures 9-strong energy team from McDermott

  Jan 22 2011 Up to nine energy and commodities partners from Chicago-based firm McDermott, Will & Emery have been lured to Wall Street firm Cadwalader, Wickersham & Taft. While the... more

• Japanese firm Nagashima Ohno & Tsunematsu in recruitment spree

  Jan 03 2011 Nagashima Ohno & Tsunematsu has is going against the trend, recruiting ever larger numbers of new graduates. The firm now recruited 23 graduates from the Supreme... more

• Wall Street lawyers working harder and seeing smaller bonuses

  Jan 02 2011 The Wall Street Journal reports that junior lawyers at top law firms worked harder in 2010, but that their end of year bonuses are generally at the same level as last... more

• New York AG's lawyer crosses to Goldman Sachs

  Dec 08 2010 Goldman Sachs has boosted its litigation and regulatory proceedings capability with the hire of David Markowitz of the New York Attorney General’s office. Markowitz... more

• China's 'kid' law firms are growing up

  Oct 05 2010 Rupert Li, the International Managing Partner of Beijing-based firm King & Wood, describes his firm as being a ‘kid’ that is ‘light years behind’ the London and Wall... more

• Freshfields keeps PEPs high through recession

  May 18 2010 Some interesting figures arise from The Lawyer’s Transatlantic Elite report, such as the fact that Freshfields Bruckhaus Deringer has posted the industry’s highest... more

• 90-year-old veteran prosecutor Morgenthau joins Wachtell

  Jan 21 2010 Wall Street firm Wachtell, Lipton, Rosen & Katz has hired Robert Morgenthau, the retired Manhattan district attorney renowned for pursuing white-collar crime around... more

• Skadden M&A stars Fox and Wolf defect to Kirkland

  May 15 2009 David Fox and Daniel Wolf, two top mergers and acquisitions partners at Skadden, Arps, Slate, Meagher & Flom, are joining Kirkland & Ellis. This is the first time any... more

• Cravath incoming first-years asked to delay start dates

  Mar 11 2009 Wall Street law firm Cravath Swaine Moore is asking their incoming first-years to delay start dates for a few months, follwong other firms like Latham & Watkins, White... more

• Sullivan, Skadden and Davis Polk post falling profits in 2008

  Feb 12 2009 Wall Street leaders Skadden Arps Slate Meagher & Flom, Sullivan & Cromwell and Davis Polk & Wardwell have all seen falling profits and flat revenues in 2008. Dewey... more

• When big law firms crumble

  Feb 09 2009 Wall Street lawyers whose businesses falter find their bankers promptly at the door asking for repayment of loans. BusinessWeek article by Michael Orey about the fall... more

• Skadden is Wall Street's most powerful law firm

  Jan 28 2009 With 1,700 attorneys and $2.2 billion in fees last year, New York's Skadden, Arps, Slate, Meagher & Flom is the biggest U.S. law firm by revenue and the third biggest... more

• Wall Street woes could spark litigation increase

  Oct 01 2008 The recent financial fallout among the major banks could spur increases in litigation. Private sector buys bad debts. Some law firms have seen an increase in... more

• Finance fiasco slows business at US law firms

  Sep 29 2008 A recent Citibank survey of the nation's top 160 law firms found the number of hours billed by lawyers to their clients for the first half of the year was down as much... more