Oh, boy, firms expanding & lawyers changing firms. See the details in this San Diego Union-Tribune news article:"The Boston law firm Goodwin Procter has recruited prominent local biotechnology lawyer Stephen C. Ferruolo to launch an office in San Diego as part of the firm's push into California. "Stephen C. Ferruolo is expected to take much of his client base with him. Ferruolo, 56,...
What does this news mean for paralegals? I'm guessing higher required billable hours & maybe higher salaries too: "Although law firm leaders at a recent conference publicly pooh-poohed predictions that industry profitability would stumble, in a new survey they say increasing expenses will cut into their bottom line this year. "Lawyers can expect to be pushed for more billable hours...
Yeah, law firm breakups spawn messy news. Almost as bad as a divorce: "At one time, the breakup of a big, prestigious law firm was rare. But since the technology boom and bust, implosions of once highflying firms like Brobeck, Phleger & Harrison and Testa, Hurwitz & Thibeault have occurred with more frequency. "Yet the bankruptcy of Coudert Brothers still stands out. Eighteen...
Don't you think paralegals have just as much to contribute to partnership decisions as associates? "Making partner usually means stiff competition with other associates. "But at Latham & Watkins, associates are asked to put down their swords and shields and objectively evaluate whether their peers have what it takes to make partner. "Most firms wouldn't do it. They'd be looking...