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Top StoriesMonday, May 2, 2011

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Associates Are Once Again in Demand in Silicon Valley

Cooley and Wilson Sonsini have bumped up associate salaries, restoring pay lost in the recession -- and things are booming for corporate, litigation, licensing and patent prosecution attorneys. Says one recruiter, "The demand is just extraordinary right now."

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Am Law 100 Webinar Video

Robin Sparkman, editor-in-chief of The American Lawyer, examines the latest Am Law 100 report and explains some factors that influenced gross revenue, revenue per lawyer, headcount and other key indicators of law firms' performance.

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Spring Bonuses Pop Up at V&E, Akin Gump

Following a market move by large New York City firms, both Vinson & Elkins and Akin Gump will pay spring bonuses in May to associates and counsel who received 2010 year-end bonuses. Neither Texas firm has paid spring bonuses before.

Claims Against Toyota Survive Motion to Dismiss

A federal judge has refused to grant Toyota's motion to dismiss a consolidated class action involving sudden acceleration claims, concluding in a tentative ruling that the plaintiffs had raised sufficient injuries to move forward.

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9th Circuit Backs Prosecutors in Trade Secret Case

A split 9th Circuit has sided with prosecutors who want to use the Computer Fraud and Abuse Act to go after an executive recruiter accused of acquiring information from a work computer to start a competing business.

Dow, Sasol Facing Racketeering Lawsuit by Greenpeace

In a case that often reads like a spy movie, the first phase of discovery is moving forward in a racketeering lawsuit filed by environmental advocacy group Greenpeace against two major chemical corporations accused of overseeing secret espionage campaigns against the nonprofit.

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Am Law 100 2011

The American Lawyer

After watching profits per partner sink 4.3 percent in 2008 and revive only 0.3 percent in 2009, Am Law 100 firms finally posted a healthy increase—8.4 percent—in 2010. But much of that gain is attributable to firms’ aggressive cost-control measures, especially in the area of headcount, which dropped 2.7 percent over 2009. As a result, growth in revenue per lawyer—the most reliable measure of the overall financial health of law firms—was more tepid, 4.4 percent

 

Overview: Back in Black

 

Gross Revenue

 

Revenue Per Lawyer

 
VIEW ALL OF THE "AMLAW 100"
NLJ 250

The National Law Journal

The NLJ 250, The National Law Journal's annual survey of the nation's largest law firms, shows that Big Law continued to shed lawyers at a brisk clip in 2010. Nearly 2,900 fewer lawyers worked for the 250 top firms last year. That's in addition to the approximately 6,600 attorneys who departed in 2009. In the 34 years The NLJ has been surveying large firms to gather headcount numbers, there have never been multiyear declines of this magnitude.

 

THE 2011 NLJ 250

 

Branch Offices

 

Gains & Losses

 

Largest U.S. Law Offices

 
VIEW ALL OF THE 'NLJ 250'
Corporate Scorecard

The American Lawyer

While no one would confuse the level of corporate work in 2010 for the heyday of 2007, last year's slow economic recovery was reflected in our latest Corporate Scorecard rankings. Equities work, spurred mostly by large Chinese and Brazilian offerings, rebounded late in the year, and M&A and private equity work picked up too.

Only bankruptcy -- the most countercyclical of the specialties covered here -- showed a decrease in activity, as the size of top emergences dwarfed that of top filings.

 

Equities: Back in the Running

 

Mergers and Acquisitions: Signs of Spring

 

Private Equity: Bigger Is Better

 
VIEW ALL OF "CORPORATE SCORECARD 2011"
The Power of Hope

The National Law Journal

As Congress considers deep cuts in legal assistance to the poor, The National Law Journal examines the impact of legal aid programs on the clients they serve and the political issues surrounding the present funding crisis. As these stories demonstrate, the need is great, and cases run the gamut — from domestic violence to home foreclosures to medical claims. In all, a common theme emerges: Legal aid, for these clients, was their only hope.

 

On the brink of ruin, a rescue

 

Speaking their language

 

Abuse victim stands up for her rights

 
VIEW ALL OF "THE POWER OF HOPE - LEGAL AID: A SPECIAL REPORT"
 
 
 
 
 

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Working Smart: Early Steps to Take for a Better End-of-Year Review

lawjobs.com News & Views

In this concluding article in the Working Smart series, consultant Valerie Fontaine discusses early steps you can take to help prepare for a better end-of-year performance review -- such as performing a mini-review on your own -- and why writing a personal development plan is a good idea.

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