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Lessons Learned from Law Firm Failures
ALA San Francisco Chapter Lessons Learned from Law Firm Failures Kristin Stark Principal, Fairfax Associates July 2016 Page 0 About Fairfax Fairfax Associates provides strategy and management consulting to law firms Strategy & Performance & Governance & Merger Direction Compensation Management Strategy Development and Partner Performance and Governance and Merger Strategy Implementation Compensation Management Firm Performance and Operational Structures & Practice Strategy Merger Search Profitability Improvement Reviews Market and Sector Merger Negotiation and Pricing Partnership Structure Research Structure Client Research and Key Process Improvement Alternative Business Models Client Development Merger Integration Page 1 1 Topics for Discussion • Disruptive Change • Dissolution Trends • Symptoms of Struggle: What Causes Law Firms to Fail? • What Keeps Firms From Changing? • Managing for Stability Page 2 How Rapidly is the Legal Industry Changing? Today 10 Years 2004 Ago Number of US firms at $1 billion or 2327 4 more in revenue: Average gross revenue for Am Law $482$510 million $271 million 200: Median gross revenue for Am Law $310$328 million $193 million 200: NLJ 250 firms with single office 4 11 operations: Number of Am Law 200 lawyers 25,000 10,000 based outside US: Page 4 2 How Rapidly is the Legal Industry Changing? Changes to the Law Firm Business Model Underway • Convergence • Dramatic reduction • Disaggregation in costs • Increasing • Process Client commoditization Overhead improvement • New pricing Model efforts models • Outsourcing -
Rethinking the Law Firm Organizational Form and Capitalization Structure
Scholarship Repository University of Minnesota Law School Articles Faculty Scholarship 2013 Rethinking the Law Firm Organizational Form and Capitalization Structure Edward S. Adams University of Minnesota Law School, [email protected] Follow this and additional works at: https://scholarship.law.umn.edu/faculty_articles Part of the Law Commons Recommended Citation Edward S. Adams, Rethinking the Law Firm Organizational Form and Capitalization Structure, 78 MO. L. REV. 777 (2013), available at https://scholarship.law.umn.edu/faculty_articles/90. This Article is brought to you for free and open access by the University of Minnesota Law School. It has been accepted for inclusion in the Faculty Scholarship collection by an authorized administrator of the Scholarship Repository. For more information, please contact [email protected]. Rethinking the Law Firm Organizational Form and Capitalization Structure EdwardS. Adams 1. INTRODUCTION The recent bankruptcy of large law firms has energized the debate over the viability of the traditional partnership model. Dewey & LeBeouf filed for bankruptcy in May 2012, becoming the largest law firm bankruptcy in U.S. history.' At its peak, Dewey employed 1,400 lawyers in several offices across the globe, causing some to ask whether Dewey's collapse was an iso- lated product of poor management or a symptom of greater systemic prob- lems. 2 But Dewey's bankruptcy was not the first to result in the dissolution of a large firm. The financial downturn of 2008 deeply affected the legal profession, and several firms went under. Many have already questioned the traditional business structure of the law firm in light of these bankruptcies and the manner in which they oc- curred.4 Partner defections and limited capital place criticism squarely on the partnership model as a major factor in these bankruptcies. -
Pro-Football, Inc. V. Blackhorse
Case 1:14-cv-01043-GBL-IDD Document 71 Filed 02/26/15 Page 1 of 45 PageID# 1176 IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA ALEXANDRIA DIVISION PRO-FOOTBALL, INC., Plaintiff, Civil Action No.: 1:14-cv-1043-GBL-IDD v. AMANDA BLACKHORSE, MARCUS BRIGGS-CLOUD, PHILLIP GOVER, JILLIAN PAPPAN and COURTNEY TSOTIGH, Defendants. DEFENDANTS’ MEMORANDUM IN SUPPORT OF THEIR MOTION FOR PARTIAL SUMMARY JUDGMENT ON COUNTS 1, 2, AND 7 Jesse A. Witten (pro hac vice) Jeffrey J. Lopez (VA Bar No. 51058) Adam Scott Kunz (VA Bar No. 84073) Tore T. DeBella (VA Bar No. 82037) Jennifer T. Criss (VA Bar No. 86143) DRINKER BIDDLE & REATH LLP 1500 K Street, N.W., Suite 1100 Washington, D.C. 20005-1209 Telephone: (202) 842-8800 Facsimile: (202) 842-8465 [email protected] [email protected] [email protected] [email protected] [email protected] Counsel for Defendants Amanda Blackhorse, Marcus Briggs-Cloud, Phillip Gover, Jillian Pappan and Courtney Tsotigh Case 1:14-cv-01043-GBL-IDD Document 71 Filed 02/26/15 Page 2 of 45 PageID# 1177 TABLE OF CONTENTS INTRODUCTION........................................................................................................................... 1 PROCEDURAL BACKGROUND ................................................................................................ 3 THE BLACKHORSE RECORD AND SUPPLEMENTATION ................................................. 4 MATERIAL FACTS AS TO WHICH THERE IS NO GENUINE ISSUE ............................... 5 A. PFI Adopted The Current Team Name In 1933 To Avoid Confusion With The Boston Braves Baseball Team, Not To Honor Native Americans. ................... 5 B. Dictionaries, Reference Works, Other Written Sources, and Native Americans Expressly Recognize the Disparaging Nature Of The Term “Redskin.” ................................................................................................................. 6 1. Dictionaries ...................................................................................... -
LA Office Pivotal to Jenner's Steady Growth
LOS ANGELES www.dailyjournal.com WEDNESDAY, APRIL 11, 2012 LAW FIRM BUSINESS LA office pivotal to Jenner’s steady growth By Casey Sullivan River,” said Jenner’s firm wide managing “Many firms profess to have ‘synergy’ Daily Journal Staff Writer partner Susan Levy of the office’s impor- with laterals but when put to the test tance. “Opening in Los Angeles really of tracking import/export of work, fall ince setting its stake in Los Ange- solved those problems and assisted us with short. Jenner has a remarkable track re- les three years ago with a pair of existing client relationships.” cord of lawyers in L.A. exporting work Slateral hires from Kirkland & Ellis In 2011, the firm picked up insurance to other offices.” LLP, Chicago litigation shop Jenner & practice leaders Jerry Oshinsky and Linda Los Angeles managing partner Rick Block LLP has built a venerable platform Kornfeld from Dickstein Shapiro LLP and Richmond refuses to rest on his laurels, around the city’s middle market with an Mary Calkins from Howrey LLP. Later however, and is looking at further lateral aggressive expansion strategy, industry that year, it raided Hogan & Lovells US prospects. He has reached out to various experts say. LLP’s Los Angeles office, which saw its headhunters throughout the city with Lawyers at the firm’s Los Angeles office headcount slashed in half, for a group hopes of attaining litigators in several will raise their glasses on Thursday night of litigators led by entertainment heavy- practices. to celebrate its growth in the region at its weight Rick Stone. -
Tier 1 Law Firms Tier 2 Law Firms
U.S. News & World Report – Best Lawyers in America 2011-12 listed more than 160 law firms in its ranking of Intellectual Property Litigation Firms. Edwards Wildman Palmer LLP is proud to have been ranked a Tier 1 Firm. The following lists all firms named, and the Tier under which each is listed. TIER 1 LAW FIRMS Covington & Burling LLP Winston & Strawn LLP Fenwick & West LLP Alston + Bird LLP Finnegan, Henderson, Farabow, Garrett & Dunner, LLP Chaz De La Garza & Assoc., LLC Fish & Richardson P.C. Cravath, Swaine & Moore LLP Foley & Lardner LLP Debevoise & Plimpton LLP K&L Gates LLP DLA Piper LLP Kenyon & Kenyon LLP Edwards Wildman Palmer LLP McDermott Will & Emery LLP Greenberg Traurig LLP Morrison & Foerster LLP Holland & Knight, LLP Patterson Belknap Webb & Tyler LLP Howrey LLP Perkins Coie LLP Jones Day Sidley Austin LLP Kirkland & Ellis LLP Skadden, Arps, Slate, Meagher & Flom LLP Quinn Emanuel Urquhart & Sullivan, LLP Squire, Sanders & Dempsey, L.L.P. Simpson Thacher & Bartlett LLP Sullivan & Cromwell LLP Susman Godfrey LLP WilmerHale Weil, Gotshal & Manges LLP TIER 2 LAW FIRMS Akerman Senterfitt LLP Orrick, Herrington & Sutcliffe LLP Bingham McCutchen LLP Panitch Schwarze Belisario & Nadel LLP Cowan Liebowitz & Latman, P.C. Paul, Weiss, Rifkind, Wharton & Garrison LLP Davis Polk & Wardwell LLP Proskauer Rose LLP Davis Wright Tremaine LLP Ropes & Gray LLP Dechert LLP Vinson & Elkins LLP Faegre & Benson LLP Woodcock Washburn LLP Fitzpatrick, Cella, Harper & Scinto Abelman Frayne & Schwab Gibson, Dunn & Crutcher LLP Akin Gump Strauss Hauer & Feld LLP Goodwin Procter LLP Allen, Dyer, Doppelt, Milbrath & Gilchrist, P.A. Holland & Hart LLP Arnold & Porter LLP Kaye Scholer LLP Baker & McKenzie LLP Keker & Van Nest LLP Baker Botts L.L.P. -
National Pastime a REVIEW of BASEBALL HISTORY
THE National Pastime A REVIEW OF BASEBALL HISTORY CONTENTS The Chicago Cubs' College of Coaches Richard J. Puerzer ................. 3 Dizzy Dean, Brownie for a Day Ronnie Joyner. .................. .. 18 The '62 Mets Keith Olbermann ................ .. 23 Professional Baseball and Football Brian McKenna. ................ •.. 26 Wallace Goldsmith, Sports Cartoonist '.' . Ed Brackett ..................... .. 33 About the Boston Pilgrims Bill Nowlin. ..................... .. 40 Danny Gardella and the Reserve Clause David Mandell, ,................. .. 41 Bringing Home the Bacon Jacob Pomrenke ................. .. 45 "Why, They'll Bet on a Foul Ball" Warren Corbett. ................. .. 54 Clemente's Entry into Organized Baseball Stew Thornley. ................. 61 The Winning Team Rob Edelman. ................... .. 72 Fascinating Aspects About Detroit Tiger Uniform Numbers Herm Krabbenhoft. .............. .. 77 Crossing Red River: Spring Training in Texas Frank Jackson ................... .. 85 The Windowbreakers: The 1947 Giants Steve Treder. .................... .. 92 Marathon Men: Rube and Cy Go the Distance Dan O'Brien .................... .. 95 I'm a Faster Man Than You Are, Heinie Zim Richard A. Smiley. ............... .. 97 Twilight at Ebbets Field Rory Costello 104 Was Roy Cullenbine a Better Batter than Joe DiMaggio? Walter Dunn Tucker 110 The 1945 All-Star Game Bill Nowlin 111 The First Unknown Soldier Bob Bailey 115 This Is Your Sport on Cocaine Steve Beitler 119 Sound BITES Darryl Brock 123 Death in the Ohio State League Craig -
1940-1941 Catalog College of the Holy Cross
College of the Holy Cross CrossWorks Course Catalogs College Archives 11-1-1941 1940-1941 Catalog College of the Holy Cross Follow this and additional works at: http://crossworks.holycross.edu/course_catalog Part of the Higher Education Commons Recommended Citation College of the Holy Cross, "1940-1941 Catalog" (1941). Course Catalogs. 60. http://crossworks.holycross.edu/course_catalog/60 This Book is brought to you for free and open access by the College Archives at CrossWorks. It has been accepted for inclusion in Course Catalogs by an authorized administrator of CrossWorks. COLLEGE of the HOLY CROSS CATALOGUE NINETY-EIGHTH YEAR NOVEMBER, 1941 1/4 Worcester, Massachusetts Volume XXXXI Corporate Tide: "The Trustees of the College of the Holy Cross in the city of Worcester." CONTENTS Page COLLEGE CALENDAR. 7 BOARD OF TRUSTEES. • • 9 OFFICERS OF ADMINISTRATION . 9 FACULTY. • • • 10 INCORPORATION • • 17 AFFILIATIONS . • • 20 THE COLLEGE. • 21 GENERAL INFORMATION • 26 FEES AND EXPENSES.. • 28 EDUCATIONAL SYSTEM 31 ADMISSION • • • 35 THE COLLEGE YEAR 40 GRADES AND SCHOLARSHIP 41 REQUIREMENTS FOR DEGREES • 43 COURSES OF INSTRUCTION 58 NAVAL RESERVE OFFICERS TRAINING CORPS .s 109 GRADUATE COURSE IN CHEMISTRY . • • 113 CIVILIAN PILOT TRAINING PROGRAM. 116 COMMENCEMENT, JUNE 1941 . • 118 DEGREES CONFERRED, JUNE 1941 . • 119 DEAN'S LIST, ACADEMIC YEAR 1940-1941 . • 124 AWARDS, JUNE 1941 . • 128 COLLEGE ORGANIZATIONS „ 131 COLLEGE PUBLICATIONS .; • 137 SCHOLARSHIPS . 138 JESUIT EDUCATIONAL ASSOCIATION . 143 STUDENT DIRECTORY 144 . 174 INDEX • CALENDAR SEPT. '41- JUNE '42 SEPT. '42- JUNE '43 SEPTEMBER. FEBRUARY. SEPTEMBER. FEBRUARY. SMTWT F S SMTWT F S SMTWT F S SMTWT F g .. 1 2 3 4 5 6 1 2 3 4 5 6 7 . -
Stephen-King-Book-List
BOOK NERD ALERT: STEPHEN KING ULTIMATE BOOK SELECTIONS *Short stories and poems on separate pages Stand-Alone Novels Carrie Salem’s Lot Night Shift The Stand The Dead Zone Firestarter Cujo The Plant Christine Pet Sematary Cycle of the Werewolf The Eyes Of The Dragon The Plant It The Eyes of the Dragon Misery The Tommyknockers The Dark Half Dolan’s Cadillac Needful Things Gerald’s Game Dolores Claiborne Insomnia Rose Madder Umney’s Last Case Desperation Bag of Bones The Girl Who Loved Tom Gordon The New Lieutenant’s Rap Blood and Smoke Dreamcatcher From a Buick 8 The Colorado Kid Cell Lisey’s Story Duma Key www.booknerdalert.com Last updated: 7/15/2020 Just After Sunset The Little Sisters of Eluria Under the Dome Blockade Billy 11/22/63 Joyland The Dark Man Revival Sleeping Beauties w/ Owen King The Outsider Flight or Fright Elevation The Institute Later Written by his penname Richard Bachman: Rage The Long Walk Blaze The Regulators Thinner The Running Man Roadwork Shining Books: The Shining Doctor Sleep Green Mile The Two Dead Girls The Mouse on the Mile Coffey’s Heads The Bad Death of Eduard Delacroix Night Journey Coffey on the Mile The Dark Tower Books The Gunslinger The Drawing of the Three The Waste Lands Wizard and Glass www.booknerdalert.com Last updated: 7/15/2020 Wolves and the Calla Song of Susannah The Dark Tower The Wind Through the Keyhole Talisman Books The Talisman Black House Bill Hodges Trilogy Mr. Mercedes Finders Keepers End of Watch Short -
The Uncertain Future of the Unfinished Business Doctrine Dan
The Uncertain Future of the Unfinished Business Doctrine 2015 Volume VII No. 26 The Uncertain Future of the Unfinished Business Doctrine Dan Teplin, J.D. Candidate 2015 Cite as: The Uncertain Future of the Unfinished Business Doctrine, 7 ST. JOHN’S BANKR. RESEARCH LIBR. NO. 26 (2015). Introduction It is no secret that the legal industry has experience financial difficulty following the great recession. Many law firms have been less profitable, and in some extreme circumstances, have filed for bankruptcy. The worlds largest law firms are of no exception to this recent phenomenon. The collapses of the mega-firms Dewey & LeBoeuf,1 Coudert Brothers LLP,2 Heller Ehrman LLP,3 Howrey LLP,4 Thacher Proffitt & Wood LLP,5 and Thelen LLP6 are prime examples. Since most law firms, especially large firms, do not reorganize in bankruptcy, a bankruptcy trustee will often be appointed to administer the firm’s estate. In order to maximize 1 The End of an Era: Why Dewey & LeBoeuf Went Under, FORTUNE (May 29, 2012) http://fortune.com/2012/05/29/the-end-of-an-era-why-dewey-leboeuf-went-under/. 2 Jones Day Prevails in Coudert Brothers “Unfinished Business” case in unanimous New York Court of Appeals Ruling, (July 2014) http://www.jonesday.com/jones-day-prevails-in-coudert-brothers-unfinished-business-case-in- unanimous-new-york-court-of-appeals-ruling/. 3 Recession Batters Law Firms, Triggering Layoffs, Closings, THE WALL STREET JOURNAL (Jan. 26, 2009) http://www.wsj.com/articles/SB123292954232713979. 4 Why Howrey Law Firm Could Not Hold It Together, THE WASHINGTON POST (Mar. -
United States District Court, S.D. California. QUALCOMM
Untitled Document 2/28/10 4:30 AM United States District Court, S.D. California. QUALCOMM INCORPORATED, Plaintiff. v. BROADCOM CORPORATION, Defendants. Broadcom Corporation, Counter-Claimant. v. Qualcomm Incorporated, Counter-Defendant. Civil No. 05CV1662-B(BLM) May 2, 2006. Barry Jerome Tucker, Heller Ehrman, San Diego, CA, E. Joshua Rosenkranz, Heller Ehrman, New York, NY, Gregg A. Duffey, Peter J. Chassman, Howrey Simon Arnold and White, Houston, TX, Richard S. Taffet, Bingham McCutchen, New York, NY, William K. West, Jr., Howrey LLP, Washington, DC, Aaron Schur, Chad Russell, Rianne E. Nolan, Bingham McCutchen, San Francisco, CA, David E. Kleinfeld, Heller Ehrman, San Diego, CA, for Plaintiff. Amy R. Schofield, Kirkland & Ellis LLP, San Francisco, CA, Brian C. Smith, Heath A. Brooks, James L. Quarles, III, Jonathan Frankel, Juliana Maria Mirabilio, Nathan Mitchler, Thomas Olson, Wilmer Cutler Pickering Hale and Dorr, Washington, DC, Elizabeth M. Reilly, John J. Regan, Richard W. O'Neill, Wayne L. Stoner, William F. Lee, Wilmer Cutler Pickering Hale and Dorr, Boston, MA, Maria K. Vento, Mark D. Selwyn, Wilmer Cutler Pickering Hale and Dorr, Palo Alto, CA, Robert S. Brewer, Jr., James Sullivan McNeill, McKenna Long and Aldridge, San Diego, CA, for Defendants. William K West, Jr., Howrey LLP, Washington, DC, Aaron Schur, Chad Russell, Rianne E. Nolan, Bingham McCutchen, San Francisco, CA, David E. Kleinfeld, Heller Ehrman, San Diego, CA, for Counter- Defendant. CLAIM CONSTRUCTION ORDER FOR UNITED STATES PATENT NUMBER 5,682,379 RUDI M. BREWSTER, Senior District Judge. Pursuant to Markman v. Westview Instruments, Inc., 517 U.S. 370 (1996), on April 18, 2006, the Court conducted a Markman hearing concerning the above-titled patent infringement action regarding construction of the disputed claim terms for U.S. -
Interview with Ambassador Alfred H. Moses
Library of Congress Interview with Ambassador Alfred H. Moses The Association for Diplomatic Studies and Training Foreign Affairs Oral History Project AMBASSADOR ALFRED H. MOSES Interviewed by: Charles Stuart Kennedy Initial interview date: February 16, 2005 Copyright 2008 ADST Q: Today is February 16, 2005. This is an interview with Alfred H. Moses. What does the H stand for? MOSES: Henry. Q: Henry. This is being done on behalf of the Association for Diplomatic Studies and Training, and I am Charles Stuart Kennedy. I notice by listening to conversations you have had that you have been able to hang on to the name Alfred. With people this must have been a battle in early years. MOSES: Well it was Al early on and Al still. I don't really care. My family always called me Alfred. Q: Well to begin with, could you tell me when and where you were born? MOSES: Sure. July 24, 1929 in Baltimore, Maryland. Q: Then could you tell me a little bit about the family. Let's take your father's side. Where did it come from? Interview with Ambassador Alfred H. Moses http://www.loc.gov/item/mfdipbib001605 Library of Congress MOSES: My father's family, the Moses's, came from Germany, from a small town called Grobropperhausen in the Rhine valley. I have been there. The family lived there for three to four hundred years. Q: What were they doing? MOSES: They were dealers in cattle hides. My grandfather came to this country in 1872 as a boy of 15, after German Unification. -
HOWREY LLP, 14-Cv-04887-JD 9 14-Cv-04888-JD Appellee
Case3:14-cv-04882-JD Document13 Filed06/03/15 Page1 of 19 1 2 3 UNITED STATES DISTRICT COURT 4 NORTHERN DISTRICT OF CALIFORNIA 5 HOGAN LOVELLS US LLP, Case Nos. 14-cv-04882-JD 6 14-cv-04883-JD Appellant, 7 14-cv-04884-JD v. 14-cv-04885-JD 8 14-cv-04886-JD HOWREY LLP, 14-cv-04887-JD 9 14-cv-04888-JD Appellee. 14-cv-04889-JD 10 PILLSBURY WINTHROP SHAW ORDER ON APPEAL 11 PITTMAN LLP, 12 Appellant, 13 v. 14 HOWREY LLP, 15 Appellee. SEYFARTH SHAW LLP, 16 Appellant, 17 v. United States District Court District United States Northern District of California District Northern 18 HOWREY LLP, 19 Appellee. 20 21 22 23 24 25 26 27 28 Case3:14-cv-04882-JD Document13 Filed06/03/15 Page2 of 19 PERKINS COIE LLP, 1 Appellant, 2 v. 3 HOWREY LLP, 4 Appellee. 5 NEAL, GERBER & EISENBERG LLP, 6 Appellant, 7 v. 8 HOWREY LLP, 9 Appellee. 10 KASOWITZ, BENSON, TORRES & 11 FRIEDMAN LLP, 12 Appellant, 13 v. 14 HOWREY LLP, 15 Appellee. SHEPPARD MULLIN RICHTER & 16 HAMPTON LLP, 17 Appellant, United States District Court District United States Northern District of California District Northern 18 v. 19 HOWREY LLP, 20 Appellee. JONES DAY, 21 Appellant, 22 v. 23 HOWREY LLP, 24 Appellee. 25 26 27 28 Case3:14-cv-04882-JD Document13 Filed06/03/15 Page3 of 19 1 Eight law firms that provided legal services to former clients of debtor Howrey LLP appeal 2 the bankruptcy court’s denial of their motions to dismiss.