A rising tide may lift all boats, but not all law firms rose with the swells in 2011’s choppy waters. A few California-centric firms saw large gains in revenues or profits in 2011, while at the other end, firms like Orrick and Pillsbury spent the year mostly treading water.
The U.K.’s implementation of “no win, no fee” conditional fee arrangements has been pushed back, from October of this year to April 2013. The U.K. Ministry of Justice said the civil litigation reforms were postponed for six months to allow law firms and legal businesses more time to prepare.Visit International News
Prompted by The New York Times’ examination of the top donors to the so-called super PACs making their presence felt in this year’s presidential campaign, The Am Law Daily takes a look at which lawyers and law firms gave the most to these nominally independent entities. Also in the news: A Dozen D.C. Lawyers on Board as Obama Campaign Bundlers
Kaye Scholer saw gross revenue dip 3.4 percent last year, while profits per equity partner slipped 6.4 percent and revenue per lawyer dropped 4 percent. Managing partner Michael Solow said the numbers are in line with targets for revenues and profits per partner, in part due to a strong first half of the year.
If 2010 was a year for staying put, 2011 was the year that law firm partners jumped back into the lateral market with full force. During the 12-month period ending Sept