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08-22-2012

Citi Private Bank Survey Says Expenses Grew Faster Than Revenue for Law Firms

A survey of 176 law firms carried out by Citi Private Bank says that revenue growth at the firms was just 2.7 percent in 2011. But compensation expenses went up by 2 percent and operating costs went up by 5.5 percent. A summary of their findings has been published in Am Law Daily.....[more]
08-20-2012

St. Louis Law Firm Files for Bankruptcy to Stave Off Eviction

Moser & Marsalek, a St. Louis-based law firm has filed for bankruptcy and one of the main reasons behind this drastic move is supposed to be avoiding eviction from its offices. The Chapter 11 bankruptcy has been filed in Missouri's Eastern District.....[more]
08-17-2012

Two U.S. Law Firms Open Office in South Korea, 14 Others to Follow

Two American law firms; Sheppard Mullin and Ropes & Gray have already setup their offices in South Korea and at least 14 other American and British law firms are in the process of finalizing their plans for their own Korean branches.....[more]
08-16-2012

Minnesota's Oldest Law Firm Closes Shop

Moore, Costello & Hart, a St. Paul based law firm that is considered the oldest in Minnesota is dissolving as per a report from the Minneapolis/St. Paul Business Journal. The firm was founded in 1855, even before Minnesota was granted statehood and was still called the Minnesota Territory. Chief Jus....[more]
08-14-2012

Orrick, Herrington & Sutcliffe Nurturing the Small Town of Wheeling

Orrick, Herrington & Sutcliffe chose small town of Wheeling over two other West Virginia cities for establishing a work center though the firm’s headquarters are in San Francisco, California. The center in Wheeling is a renovated and restored factory once owned by the Wheeling Stamping Co. The cen....[more]
08-10-2012

Dewey Retirees Petition Court to Rescue Firm's Windup from ''Pre-bankruptcy Insiders''

A group of former partners of Dewey, who are now retirees and who believe that their pensions are threatened, have petitioned the Manhattan federal court to appoint an independent trustee to take control of the now bankrupt law firm.....[more]
08-09-2012

Greenberg Traurig Asks Its Partners for $24 Million

Greenberg Traurig is planning to raise $24 million with a capital call. A report from the Daily Business Review says that the firm made this decision last month in a telephone conference. This will be the first time the firm is going in for additional money in almost a decade.....[more]
08-08-2012

Chicago Law Firm Gets Sued, Hits Back with Fraud Claim

Gardiner Koch Weisberg & Wrona, a Chicago law firm has filed a pro se lawsuit against its clients Kenneth and Wendy Brown after the later filed a lawsuit against the firm. The pro se lawsuit was filed by James Koch in the Cook County Circuit Court.....[more]
08-06-2012

NJ City Hires Six Law Firms to Deal with Lawsuit Against City Employees

Municipal officials in Paterson, New Jersey, have hired the services of six law firms to defend the city and its employees from a lawsuit filed against them by a mother of one of the four victims of a fatal fire in June 2010.....[more]
08-03-2012