Bracewell & Giuliani LLP have announced they will be joined by Glen Eichelberger and Brian Teaff, both formerly of Fulbright & Jaworski. They will work in the wealth management department.…
The Obama administration reacted to an Indiana law that bans abortion providers from receiving Medicaid funds for non-abortion related healthcare. The administration informed Indiana that the new law does not…
Paul Ceglia has claimed he has a contract with Mark Zuckerberg for half of Facebook. Facebook’s lawyers at Gibson Dunn have filed for an expedited discovery hoping to land Ceglia…
The data released by the AmLaw 200 list in the American Lawyer magazine states that in its final year the revenues of almost non-operational firm Howrey LLP decreased by nearly…
Bob Bauer the White House Counsel is quitting his job. He has worked as the personal lawyer to President Barack Obama and his 2008 campaign; he was also a legal…
On June 1, 2011, the New York state Attorney General, Eric Schneiderman, filed a complaint against the federal government for failing to investigate the environmental impact of hydraulic fracturing, or…
According to a press release by NALP executive director James Leipold, the law graduates in the class of 2010 have set a record low of only 68% having jobs requiring…
Refusing offers from many prominent law firms, former Chicago Mayor Richard Daley has decided to join Katten Muchin Rosenman. In a press release Richard Daley said to the reporters that…
Foley & Lardner is starting a new venture capital fund called Foley Ventures. The firm will use “professional venture capitalists to make the investment decisions”. Attorneys at the law firm…
Some Senators are wanting to thin the American deficit by cutting the pay of some federal employees. It has come to their attention that several federal employees, including a lawyer,…
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Law firms of all sizes are being much more selective about who makes equity partner. Gone are the days where doing good work and putting in your time is enough to get you to a profit sharing level. Today, equity partners almost always have to prove that they can contribute their share to the firm. So what does this mean for associates and how can a two-tiered partnership track be beneficial? With a two-tiered partnership structure, associates get more time to prove themselves and also more time to determine whether partnership is the right goal for them. Two-tier partnerships (non-equity and equity) exist so the firm can train and develop associates into equity partners. The non-equity track to partner at most firms is on average, 6 years long. [...]
May 16, 2013 Read More
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