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Law Firm Insider: 4/26/11
Tweet Share on Facebook April 26, 2011 CommentLast week, the FBI seized the domains for several popular online poker sites, including Full Tilt Poker and PokerStars—worrying thousands of U.S. players who had money invested in the sites, which operate overseas. The sites have reached a deal with prosecutors allowing them to return money to U.S. players. Full Tilt has retained lawyers from Cozen O'Connor, while PokerStars has retained lawyers from Skadden, Arps, Slate, Meagher & Flom.
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Law Firm Insider: 4/19/11
Tweet Share on Facebook April 19, 2011 CommentThe New York State Bar Association told firms they would need to restructure and cut costs if they want to be successful as the legal industry works to come out of the recession. It suggested firms charge according to services rendered rather than billable hours.
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Law Firm Insider: 4/12/11
Tweet Share on Facebook April 12, 2011 CommentWith Congress making a last-minute budget deal, the federal government avoided a shutdown. But in case you were wondering, the federal court system planned to continue operating with fees it collects. The non-appropriated fees would have kept the courts open for two weeks—after that, only essential activities would have continued.
Led by AT&T's proposed acquisition of T-Mobile, the mergers and acquisitions market was up throughout the first quarter, and experts are predicting the rest of the year will be a good one for dealmaking.
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Law Firm Insider: 4/05/11
Tweet Share on Facebook April 5, 2011 CommentThe job market improved nationally in March, but the same can't be said for those looking for legal work. While 216,000 jobs were added in the U.S. in March, the number of legal jobs fell by 500, according to the Bureau of Labor Statistics. Nonetheless, lateral hiring among associates was up 61 percent in 2010, and lateral hiring overall was up 38 percent, according to a report by the National Association for Law Placement.
The Association of American Law Schools, under fire for the way its schools report post-graduation employment, has told the American Bar Association that more debate is required before it makes any changes.
