Ford & Harrison Gets Rid of Billable Hour for First-Years

Atlanta-based Ford & Harrison has done away with the billable hour for first-year associates. The 190-lawyer labor and employment firm has implemented a program that focuses on having associates spend their time observing depositions and and witness interviews and attending hearings and litigation strategy meetings. Having no billable hour requirement could be a draw for law students, despite the fact that the firm only pays first-years $125,000 in its larger offices. The firm hopes that the new program will enable new associates to handle more important matters more quickly, and it also eliminates the challenge of determining which hours billed by associates are valuable enough to bill.
Source: www.law.com

Tags:  FordHarrison LLP

New NYC Corporate Boutique Opens

Randall Johnson and Bruce Wanamaker have formed a new NYC corporate boutique firm, Johnson Wanamaker. Wanamaker was previously a partner with Kilpatrick Stockton, and Johnson most recently was the general counsel and president of Xp Capital Inc., a company started to assist Latin American businesses in getting financing from Latin American banks based on their trade credits with U.S. companies. The firm will handle transactional matters and corporate counseling work for businesses that larger firms are not as equipped to help. The partners see themselves diving into a niche market for small firms who handle sophisticated matters but at a lower overhead cost than larger firms.
Source: www.nylawyer.com

Tags:  New York

Crowell & Moring Builds Corporate Practice with D.C. Hire

Crowell & Moring added corporate partner, Bryan Brewer, to its D.C. office. Formerly working for Nixon Peabody, Brewer focuses on public securities, private equity, mergers and acquisitions, and export controls. He brings with him between 25 and 30 clients, and said that he was interested in Crowell because he wanted to be a part of a local large corporate practice. Since 2001, when Crowell started a serious effort to increase its corporate group, the practice has grown by 40 lawyers. Sources say that the group could grow to 80 or more attorneys in the next six to eight years.
Source: www.bizjournals.com

Tags:  Crowell & Moring LLP

IP Heavyweight Joins Cadwalader

Cadwalader, Wickersham & Taft has hired Christopher Hughes from intellectual property speciality firm, Morgan & Finnegan. Hughes joins the New York office as the head of the IP group and as a member of the litigation department. He has over 30 years of experience in complex patent, trade secret and trademark litigation, as well as licensing and intellectual property counseling. Hughes’ practice covers the U.S. and abroad, and deals with a variety of industries including computers and software, consumer products and industrial equipment, e-commerce and financial service matters, and mechanical and medical devices. Founded in 1792, Cadwalader is a AmLaw Top 50 firm with offices in New York, London, Charlotte, Washington and Beijing.
Source: www.newswire.com

Tags:  Cadwalader, Wickersham & Taft LLP | New York

Clifford Chance Snags Litigation Trio from Sidley Austin

Magic cicle firm, Clifford Chance, has recruited three litigation partners from Sidley Austin to join its Washington, D.C. office. Juan Morillo, Stephen Nickelsburg and Steven Coltreau are white-collar and criminal defense attorneys who also have extensive experience in civil practice. In addition to the trio, Clifford Chance added another partner, Wendy Wysong. Wysong was previously a senior lawyer with the US government’s Bureau of Industry and Security.
Source: www.news.crippssears.com

Tags:  Sidley Austin LLP

Banking Partner Joins Mayer Brown, London

Michael Pabst has left Mayer Brown Rowe & Maw to join Jones Day’s London office as a partner. He joins the firm’s banking and finance group, headed by Ed Nalbantian. Pabst’s work focuses on acquisition, projects and emerging markets financing and restructurings in addition to structured derivatives finance in the context of tax-related asset and commodities deals.
Source: www.thelawyer.com

Tags:  Mayer Brown LLP

Baker McKenzie Profits per Partner Reaches $1 Million

Baker & McKenzie announced on Wednesday that their profits per partner has reached the $1 million mark. This marks a 22% increase since last year, and a 20% increase in overall revenue. Baker & McKenzie, the world’s biggest law firm, is based out of Chicago and attributes these increases to a focus on expansion of global offices in order to attract multinational clients.
Source: www.nylj.com

Tags:  Baker McKenzie

New Foreign Investment Policy Increases Interest in US Attorneys

President Bush signed the Foreign Investment and National Security Act on July 26, causing a scramble in New York and other major US cities for investment attorneys familiar with the new code. The new law came into being due to ever-increasing security concerns and as a response to a 2006 controversy involving DP World’s acquisition of a British port operator which owns several US ports. Attorneys familiar with the new law say it confirms the government’s changing attitude towards foreign investments in security sensitive areas.
Source: www.law.com

Tags:  New York

Bingham Partner to Set Up Human Rights Boutique

Neil Micklethwaite, a litigation partner at Bingham McCutchen, has left his firm to open a human rights litigation boutique with his friend and former colleague Roger Gherson. This moves raises some questions about Bingham McCutchen; what was a human rights attorney doing at a financial law firm? It seems Micklethwaite was a financial attorney at Bingham McCutchen, but his heart just wasn’t in it. A source at Bingham McCutchen didn’t seem that upset to see Micklethwaite go, and said that he’s much better off elsewhere.
Source: www.thelawyer.com

Hollywood Attorney Switches Firms

Michael Garfinkely, formerly of Rintala, Smoot, Jeanicke & Rees, has joined Venable’s Los Angeles office. Garfinkely, a litigator who specializes in entertainment and property law, represents entertainment companies such as William Morris Agency Inc. and International Creative Management Inc.. Previously, Garfinkely has worked for Pillsbury Winthrop Shaw Pittman with Douglas Emhoff, partner-in-charge of Venable’s Los Angeles office. In 2005, Garfinkely represent the author of the book upon which the film “Who Framed Roger Rabbit” was based in a suit against Walt Disney Co. concerning gross receipts.
Source: www.nylawyer.com

Tags:  Los Angeles