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Wednesday, October 5, 2011

Y! Alert: lawjobs.com News And Views


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Law Firms Descend on Florida to Take Over Foreclosure Business Top
Law firms based throughout the United States have opened offices in Florida to capture foreclosure business abandoned by two of the largest foreclosure firms in the state, in the wake of investigations into possible foreclosure fraud.
 
What Recruiters Can and Cannot Do for You Top
In the second article from their new series on how best to work with legal search consultants, Valerie Fontaine and Roberta Kass discuss what recruiters can and cannot do for prospective job candidates, and offer some pointers on how to maintain control of your job search.
 
Orrick Bolsters Acquisition Finance Practice With 5 New Partners Top
Just 13 months after jumping from Latham to Milbank, finance partner Ronan Wicks is on the move again -- this time, as one of five new partners joining Orrick's acquisition finance practice. The move to Orrick marks the first time in many years that Wicks won't be working under Marc Hanrahan, the current leader of Milbank's global leveraged finance group.
 
Simmons Revamps Flexible Working Program Top
Simmons & Simmons has overhauled its flexible working program to make it easier for transactional lawyers to work reduced hours. The initiative is aimed at countering smaller firms' reputation for having a better work/life balance and, in the longer term, increasing the number of women in Simmons' partnership.
 
Malpractice Carrier Need Not Cover Solo's Legal Work at Accounting Firm, Judge Rules Top
A malpractice insurer isn't required to indemnify a New Jersey solo for work he did outside his law practice as an accounting firm's employee, a federal judge has ruled, finding that the attorney's provided legal services fall "squarely within the ambit" of his policy's business-enterprise exclusions.
 
Norton Rose Votes Through Overhaul of Partner Pay System Top
Norton Rose equity partners will see their profit share reallocated as part of an overhaul of the lockstep and the introduction of a more merit-based remuneration structure. The shift is intended to allow faster progression for high-achieving younger partners and to better reward star performers.
 
N.Y. Judges' Groups Ask to Keep Yearly $10K Stipend With Pay Hike Top
New York state judges are pressing court administrators to keep in place a yearly $10,000 stipend provided to the judges in recognition of their years without a raise even after the judges begin receiving higher pay recommended last month by a special judicial compensation commission.
 
Study of Refugees From Failed Law Firms Concludes That Networking Works Top
Six major law firms closed their doors in 2008 and 2009, forcing more than 1,400 attorneys into the job market during tough financial times. Eighty-eight percent of those attorneys have since landed new jobs, with 65 percent going to firms on the NLJ 250, according to a new study, which found that networking helped job seekers.
 
McDermott Goes on Patent Attorney Hiring Spree Top
McDermott has been on a hiring spree, expanding its patent prosecution practice to keep pace with growing demand. The firm has added two attorneys in Silicon Valley in recent weeks and 11 attorneys in Orange County since the start of the year. It's also hiring in Chicago, Boston, New York and Houston.
 
Lateral Acquisitions Abroad Help Keep Firms Busy on Mining Deals Top
While the overall M&A market slowed in the third quarter, mining and natural resources-related deal work continues to keep law firms busy in places like Africa and Australia. And in the case of both Clifford Chance and Norton Rose, the far-flung assignments came as the result of the firms making lateral acquisitions of their own abroad.
 
Freshfields Finalizes Details of New 'Milestones' Merit-Based Pay Plan Top
Freshfields has completed its overhaul of associate remuneration, with the firm set to align junior lawyer salaries and bonuses with its new four-stage "milestone" framework as of next year. The Magic Circle firm said no associates will be paid less than they are currently.
 
Antitrust Partner Leaves Bingham for Paul Hastings Top
Paul Hastings has lured away one of Bingham McCutchen's leading antitrust partners. Holly House joined Paul Hastings' San Francisco office Friday as partner after 23 years with Bingham. She had served as co-chairwoman of Bingham's antitrust and trade regulation practice group since 2007.
 
Should I Aim for In-House or Another Law Firm? Top
After 15 years at a litigation boutique, I need to move on. Do I go in-house or move to another firm? And any networking advice?
 
Tips on Transitioning From Accounting Firm to Law Firm? Top
I am a lawyer currently working for a Big 4 accounting firm, and I'd like to transition to a law firm and practice tax law. Is it true this is a difficult move? Any advice on making the transition easier?
 

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