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Women in eDiscovery Hosts Luncheon and Guest Panelists at LegalTech West Coast

June 17, 2010 By Leave a Comment

Women in eDiscovery, a non-profit organization that brings together women interested in technology related to the legal industry, today announced that it will host an interactive educational session at LegalTech West Coast. The session, “What Keeps Me up at Night and What Drives Me Crazy about Electronic Discovery,” will offer an industry expert perspective on some of the pitfalls and perils of e-discovery. The panel, to be moderated by Maura R. Grossman, Counsel at Wachtell, Lipton, Rosen and Katz, in New York, will include:  Hon. Gail A. Andler, Superior Court of California, County of Orange; Hon. Elizabeth D. Laporte, United States District Court for the Northern District of California; Carmen Oveissi Field, Principal, Deloitte Financial Advisory Services LLP, in New York; and Tami S. Smason, Partner at Foley & Lardner LLP, in Los Angeles.

Participants: Open to LegalTech Attendees and Exhibitors

Date: Thursday, June 24, 2010

Session Time: 12:15 PM – 1:30 PM

Location: Los Angeles Convention Center (LegalTech), Room 503

RSVP: pr@womeninediscovery.com

Luncheon Sponsor: A special ‘thank you’ goes to LECG for sponsoring the luncheon that includes a sit-down, plated, three-course meal

*Seating is limited to 100 people.  Please RSVP today*

via Women in eDiscovery Hosts Luncheon and Guest Panelists at LegalTech West Coast.

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The 2010 Am Law 100 – The American Lawyer

April 29, 2010 By 1 Comment

It could have been worse. That,s the best that can be said for the performance last year of The Am Law 100, the top-grossing law firms in the nation. Three of the four key categories we,ve measured for 25 years–gross revenue, head count, and revenue per lawyer–fell, while profits per equity partner (PPP) barely increased by 0.3 percent, or $3,463, to $1.26 million.

But on average, even the bad results weren’t nearly as dire as many firms had feared just a year ago.

THE CHARTS

Gross Revenue

For the first Time since 1994, Baker & McKenzie surpassed Skadden, Arps, Slate, Meagher & Flom for the number one position on our gross revenue chart.

Revenue Per Lawyer

The downward trend continued for Am Law 100 firms in 2009 as more than half posted drops in revenue per lawyer (RPL), our best measure of a firm,s financial health.

Profits Per Partner (Top Ten)

Sixteen Am law 100 firms had profits per partner (PPP) of $2 million or more in 2009, the same number as in 2008.

Compensation – All Partners (Top Ten)

The average pay for a firm’s entire partnership, both equity and nonequity; in 2009, 42 Am Law 100 firms posted declines in CAP.

Value Per Lawyer (Top Ten)

Value Per Lawyer ranks firms by how efficiently they generate profits. For the fifth year in a row, Wachtell, Lipton, Rosen & Katz tops our list.

via The Am Law 100 2010.

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Swiss Government Asks UBS to Pay Legal Costs in Tax Dispute With U.S.

February 26, 2010 By Leave a Comment

The U.S. may have trumped Switzerland in Olympic men’s hockey on Wednesday, but its tax battle with Switzerland continues.

Swiss news agencies reported on Wednesday that the government would ask Zurich-based banking giant UBS to reimburse it for outside legal costs stemming from the bank’s long-running legal dispute with U.S. authorities over allegations of tax evasion by U.S. citizens holding UBS accounts.

A deal to resolve that dispute by releasing the names of 4,450 U.S. citizens with UBS accounts was tentatively struck last August. UBS relied on lawyers from Wachtell, Lipton, Rosen & Katz, Cravath, Swaine & Moore and Florida’s Stearns Weaver Miller Weissler Alhadeff & Sitterson in those negotiations, while the Swiss government retained Pillsbury Winthrop Shaw Pittman international trade practice chair Stephan Becker and Palm Beach, Fla.-based attorney John Dotterrer on the matter. (UBS also paid a $780 million fine and agreed to turn over nearly 300 client names as part of a deferred prosecution agreement it struck with U.S. prosecutors in February 2009.)

According to Swiss news reports, the dispute between U.S. regulators and UBS has so far cost the Swiss government $2.3 million. UBS has agreed to reimburse the government, which hired Becker and Dotterrer to file briefs in federal court in Florida defending the bank, more than $931,000 of that $2.3 million. The Swiss could eventually incur another $34.4 million in costs as a result of helping U.S. authorities track down American tax evaders. (It's unclear at this point how much of those costs relate to legal fees paid to outside lawyers; Becker and Dotterrer did not respond to requests for comment.)

via Swiss Government Asks UBS to Pay Legal Costs in Tax Dispute With U.S..

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U.S. District Judge to Speak on Women in eDiscovery Panel at LegalTech New York

January 21, 2010 By Leave a Comment

Women in eDiscovery, a non-profit organization that brings together women interested in technology related to the legal industry, today announced that it will host an interactive educational session at LegalTech New York. The session, “What Keeps Me up at Night and What Drives Me Crazy about Electronic Discovery,” will offer an industry expertise perspective on some of the pitfalls and perils of e-discovery. Panelists for this interactive session include: Honorable Katharine S. Hayden, U.S. District Judge, U.S. District Court for the District of New Jersey; Maura R. Grossman, Counsel, Wachtell, Lipton, Rosen & Katz; Babette V.E. Orenstein, Senior Staff Attorney, Consolidated Edison Company of New York, Inc.; Carmen Oveissi Field, Managing Director, Daylight Forensic & Advisory, LLC; and panel moderator Shawnna Childress, Co-founder of Women in eDiscovery.

via U.S. District Judge to Speak on Women in eDiscovery Panel at LegalTech New York.

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Law Firms Promote Fewer Senior Associates to Partnership

November 30, 2009 By Leave a Comment

Fewer associates are winning promotion to partnership this year, a trend industry experts say is a result of the economic downturn

This month, Cleary Gottlieb Steen & Hamilton elected four new partners firmwide, half as many as in 2008, while Latham & Watkins cut its firmwide promotions 25 percent to 23. Ropes & Gray named one third fewer with eight new partners, while Proskauer Rose named four to partnership, one less than in 2008. Wachtell, Lipton, Rosen & Katz, the most profitable firm in the country, this month named two new partners, down from six last year.

Consultants say the trend likely is a reflection of the financial condition law firms have found themselves in, with demand for legal services down and profits falling. Making partner had already become tougher in recent years, Dan DiPietro, advisory head at Citi Private Bank's law firm group, said via e-mail. With the recession, he added, “the bar has been raised on what it means to become an equity partner and to stay an equity partner.”

He added, “While I don't think the economic meltdown caused this trend, I do believe the trend accelerated as a result.”

The bulk of promotions at law firms are expected to be announced over the next two months. But several firms have already made their decisions known, and most have elevated smaller classes.

[continued] Law.com – Law Firms Promote Fewer Senior Associates to Partnership.

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