- LLP filings show nearly 400 partners left UK top 20 firms in 2009 – Legalweek – Clifford Chance, Eversheds, and Allen & Overy were the biggest losers.
- DLA Piper calls in PwC for overhaul of partnership model – Legalweek – We have yet to be impressed by a consultant's advice on firm structuring, but letting the lawyers do it themselves is usually worse. And to top matters off, they aren't even including the US operation (almost half the revenues) in the "overhaul."
- Five Gifts Not to Give a Laid-Off Lawyer for Christmas | BITTER LAWYER –
- Billing Rates Projected to Increase 3.2% in 2010 – News – ABA Journal – When pigs fly. That increase is based entirely on firms' expectations. We've heard from a number of inhouse counsel who are laughing at this one – they already felt they were being magnanimous by requiring firms to remain flat from last year's non-increased rates.
- Law.com – SEC: $2 Billion Paid to Injured Investors – $840 million from AIG, $320 million from Bear Sterns headline
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