Just How Much Is a First-Year Lawyer Worth?
The message that corporate America is sending to the nation’s law firms is “class dismissed.” It’s a result of cost-slashing…
Home
Legal Work for Law Firms
Statistics from the HBR consulting press release have shown that from 2009 to 2010, law firm companies are spending more…
Law Firm Mergers at an All Time High
In just eight short months, law firm mergers have increased by 79 percent which means that law firm mergers are at an all time high. It is believed that the downward spiral of the economy may be the partial reason as to why the mergers have increased so drastically. The United States is currently dealing with one of the most devastating recessions of all time. In fact, most people and companies compare the current recession to The Great Depression which began in 1929. While law firms have merged together for years as a strategic move, many law firms are now merging with other law firms to works as one company instead of several individual companies as a means of survival during such a rough economy. A merger is typically designed to combine one or more companies together. When the two companies come together to merge, they must make a mutual agreement about the merge with one another. Because the economy has not improved over a period of time, many of the law firms in the United States have felt that it would be beneficial to merge together with other separate law firms as one. The principal of Altman Weil, Ward Bower, has said, "During the recession and in the immediate aftermath of the recession, firms were in what I'm going to call a 'survival mode,' not a strategy mode.” Some law firms use a merge as a means of strategy but because of the recession, it is likely that most firms are using it as a means of survival. He also said, "Now that the economy has grown, they're dusting off their strategies." Since there has not been much change to the economy from 2010 to 2011, law firms are still doing what they can to continue to thrive and be successful. In Pennsylvania alone, six mergers have taken place from the months of January to September.…
Two Prestigious Leaders Open Large Law Firm in Cincinnati
A former state senator and a former mayor are coming together to open up a large law firm office, Calfee,…
Lawyers Changing Firms to Develop Careers
Timothy Nitsch was once an engineer before becoming an attorney at SNR Denton which is a reputable law firm. During…
Google + is Changing Corporate Legal Management
Google+ (also sometimes written as Google Plus) is a fairly new social networking that was meant to be Google's direct…
Lawyer to Help Fight State Takeover in Harrisburg
Mark Schwartz is the newest lawyer to be hired to help handle the Harrisburg debt disaster. If this disaster is…
More Law Firms Joining Forces
Law firms are healthier now than ever. The economy is seeing a rise in transactions this quarter and is only…
Life for Lawyers after Layoffs
Lawyers are not very often referred to as refugees. However times are tough in the economic times of lawyers as…
Battle of the Legal Blogs
Law school is supposed to be for those who want to dedicate themselves to the law. Instead, some students are…
SNR Denton Adds Four Attorneys to Washington, D.C. Office
In recent days, the law firm of SNR Denton announced that it has added four attorneys to its Indian Law…
Dinsmore Adds Three Attorneys to Lexington Office
The law firm of Dinsmore & Shohl recently announced the addition of three attorneys to its Lexington office. Chris Cashen,…