Free Bank Bailout White Paper from West LegalEdcenter

  West LegalEdcenter and West Legalworks are providing some free resources for anyone involved in the mortgage and asset-related securities market to learn more about the bailout proposal. First, a free white paper titled “The Impact of Securitization on the Legislative Proposal for Treasury Authority to Purchase Mortgage-Related Assets” was just written by Talcott J. Franklin. He is […]

Layoffs Not a Factor in Stable Pittsburgh Market

    While a number of Philadelphia firms have sent attorneys and support staff packing in response to an economic downturn, Pittsburgh seems to have weathered the storm thus far with a minimum number of casualties. The Legal Intelligencer spoke to Pittsburgh-based firm leaders and legal experts who unanimously confirmed that Pittsburgh has not seen […]

Entry-Level Public Attorneys Poorly Compensated

  File this one under “No surprise” Entry-level attorneys in the public sector can expect to make less than half as much as their counterparts at private law firms, according to a new report. The median entry-level salary for public defenders nationwide is about $47,000, and $75,000 for public defenders with 11 to 15 years […]

Reasonable Compensation for Law Firms and Attorneys

    CPA Ronald Seigneur provides some basic insights on the factors that need to be evaluated when reasonable compensation is at issue in a law firm setting. This focus relates to ownership decisions regarding the overall allocation and character of enterprise profits. He outlines tips that can be helpful in the design and implementation […]

Heller on the Chopping Block

In the continuing saga of Heller Ehrman… From Cal Law:   “In a partner conference call on Thursday, firm management said they expected to hear whether former merger candidates Winston & Strawn, Baker & McKenzie and Mayer Brown would be interested in picking up large chunks of Heller’s offices, practice groups or both. Management told […]

The End of Heller Ehrman?

Heller Ehrman may soon be no more. The latest round of merger talks with Mayer Brown ended Monday.  A Mayer Brown statement cited client and practice conflicts which could not be resolved. Partners were told Wednesday that dissolution was one of the options for the firm and management understood that partners would begin talking to […]

Lehman Brothers – Full Unemployment for Corporate Finance Attorneys

  Most corporate law firms rely on financial institutions as the bedrock clients on which they are built.  Lehman Brothers’ bankruptcy and the acquisition of Merrill Lynch by Bank of America have sent a wave of anxiety through New York’s top law firms.  This news, along with the earlier demise of Bear Stearns and probable […]

Lehman Brothers – Full Employment for Bankruptcy Attorneys

   It’s clear that the only winners in the Lehman Brothers Holdings Inc.’s bankruptcy will be lawyers.  The bankruptcy will probably occupy over 100 lawyers working for Lehman and claims by the creditors will provide work for thousands of bankruptcy attorneys.  Lehman’s Chapter 11 filing, the biggest one in history, names Harvey R. Miller and […]

Yale Law Women Publishes List of Family Friendly Firms

  Yale Law Women has taken its latest look at law firms’ policies. Releasing its third annual survey on family-friendly firms, the student group cites the 10 best at helping lawyers strike a work-life balance. Some results were heartening. The group found, for example, that the firms are giving men an average of eight weeks […]

Competition for Attorneys Fierce in Chicago

  While firms in many other cities are laying off lawyers, large law firms in Chicago are facing a talent shortage. From The National Law Journal: “National law firms have rushed into Chicago during the past decade, especially in the past three years, but many are finding now that their collective arrival is fueling intense […]