Wells Fargo

  • iStock_000019403068Small-RF

    Biglaw, Dewey & LeBoeuf, Heller Ehrman, Howrey LLP, Legal Ethics, Money, Partner Issues

    Should Non-Lawyers Own Firms? Do They Already?

    It’s time to get over ourselves as a profession and join the rest of the world in modernizing the law firm business model.

    29 Comments / / Jan 30, 2014 at 2:02 PM
  • Decline-300x199

    Biglaw, Money, Partner Issues, Partner Profits, Wells Fargo

    Law Firm Performance In 2013 So Far — Plus Disturbing Data On Partner Productivity

    Can you believe how few hours some Biglaw partners bill?

    12 Comments / / Aug 9, 2013 at 12:04 PM
  • Reema Bajaj

    Attorney Misconduct, Bar Exams, Biglaw, California, Crime, D.C. Circuit, Federal Judges, Free Speech, Law Schools, Layoffs, Legal Ethics, Morning Docket, Patton Boggs, Wells Fargo

    Morning Docket: 08.09.13

    * As “one of the most respected appellate judges of her generation,” Patricia Wald, the first woman appointed to the D.C. Circuit, was awarded the Medal of Freedom. Congrats! [Blog of Legal Times]

    * Biglaw firms saw “anemic” growth in the first half of 2013, and according to the latest Wells Fargo survey, some “minor cuts” are expected in headcount. Well, that’s just great. [Am Law Daily]

    * “It is a period of significant change for the firm. That requires some hard decisions.” Patton Boggs has already conducted layoffs, so what could possibly be next for the firm? [Wall Street Journal (sub. req.)]

    * Sorry guys, but it looks like Reema Bajaj’s bajayjay will be out of session for the foreseeable future. The attorney accused of exchanging sex for office supplies has agreed to a three-year suspension of her law license. [Chicago Tribune]

    * Rather than be bought out by InfiLaw (it could “diminish the value of their degrees”), Charleston School of Law alumni are trying to organize a merger with a public school. Good luck with that. [Greenville News]

    * Nebraska will offer a doctorate in space law, which makes sense because… f**kin’ magnets, how do they work? But really, we’re willing to bet it’s because of all of the crop circles in the state. [Miami Herald]

    * No joke necessary: This law school claims its rights are being infringed upon because it has to disclose how many of its graduates — 7 percent at last count — have passed the bar. [WSJ Law Blog (sub. req.)]

    * Two of Dzhokhar Tsarnaev’s friends were indicted on obstruction of justice charges. If convicted, the pair will face up to 20 years in prison, and they don’t even have a Facebook fan page to show for it. [Bloomberg]

    9 Comments / / Aug 9, 2013 at 9:06 AM
  • Magic 8 Ball Outlook Good RF

    Biglaw, Money, Partner Issues, Partner Profits, Wells Fargo

    From the Department of Pleasant Surprises: Biglaw’s Solid Performance in 2012

    How did Biglaw fare in 2012? Pretty well, according to a preliminary survey from Wells Fargo’s law firm lending group.

    3 Comments / / Jan 29, 2013 at 2:39 PM
  • Casey Anthony: Paralegal?

    Biglaw, Drugs, Immigration, Law School Deans, Law Schools, Marijuana, Money, Morning Docket, Murder, Paralegals, Partner Profits, Technology

    Morning Docket: 01.29.13

    * “[W]e cannot continue as a nation with 11 million people residing in the shadows.” And we especially can’t have all those people in the shadows without hundreds and hundreds of drones in place. Civil liberties be damned! [Huffington Post]

    * According to this Wells Fargo survey, Biglaw did quite well in terms of revenues last year. Given that PPP was up nearly five percent, it’s now appropriate to bitch about why your bonuses weren’t even bigger than they were. [WSJ Law Blog (sub. req.)]

    * “Being a lawyer is a damn good profession.” To be fair, it could be an even better profession if things in legal education were subjected to some serious change, and Hofstra Law’s new dean seems to understand that. [New York Law Journal]

    * Stoners everywhere would like to know when the federal government is going to legalize marijuana, but to be frank, they should thank their Lucky Charms they’re not getting prosecuted in states where it is legal. [TIME]

    * Russia is officially trying to prosecute a dead man — a dead lawyer, no less. That said, we’re pretty sure it’s safe to say that not even Yakov Smirnoff himself could come up with a reversal for this one. [New York Times]

    * Oh my god, some of Lat’s pop culture prophecies are coming true: Casey Anthony wants to become a paralegal. Nancy Grace is in the process of birthing a herd of cows over Tot Mom’s ambitions. [ABC News]

    * The grand jury in the JonBenet Ramsey murder case thought there was enough evidence to indict the Ramseys on child abuse charges. This would’ve been a great thing to be outraged about in 1999. [CBS News]

    * I’ll be tweeting from the LegalTech show today. Follow me on Twitter to get all the latest updates. [Twitter]

    8 Comments / / Jan 29, 2013 at 9:19 AM
  • layoffs RF

    Biglaw, Layoffs, Partner Issues, Partner Profits

    Nationwide Layoff Watch: Partners in Peril

    Associates and staff have borne the brunt of law firm layoffs over the past few years. But, according to some recent surveys, partners are far from immune….

    13 Comments / / Jan 7, 2013 at 2:06 PM
  • I'll miss you the most, cupcake.

    Bankruptcy, Biglaw, Billable Hours, Deaths, Federal Judges, Food, FTC, Google / Search Engines, Money, Morning Docket, Partner Issues, Privacy, Venable

    Morning Docket: 11.19.12

    * Billable hours in Biglaw are down 1.5 percent, and 15 percent of U.S. firms are planning to reduce their partnership ranks in early 2013. Thanks to Wells Fargo for bringing us the news of all this holiday cheer! [Thomson Reuters News & Insight]

    * Hostess may be winding down its business and liquidating its assets, but Biglaw will always be there to clean up the crumbs. Jones Day, Venable, and Stinson Morrison Hecker obviously think money tastes better than Twinkies. [Am Law Daily]

    * How’s that “don’t be evil” thing working out for you? Google’s $22.5M proposed privacy settlement with the FTC over tracking cookies planted on Safari browsers was accepted by a federal judge. [Bloomberg]

    * Greenberg Traurig and Hunton & Williams face a $7.2B suit from Allen Stanford’s receiver over a former attorney of both firms’ alleged involvement in the ex-knight’s Ponzi scheme. [Houston Business Journal]

    * Perhaps the third time will be the charm: ex-Mayer Brown partner Joseph Collins was convicted, again, for helping Refco steal more than $2B from investors by concealing the company’s fraud. [New York Law Journal]

    * H. Warren Knight, founder of alternative dispute resolution company JAMS, RIP. [National Law Journal]

    1 Comment / / Nov 19, 2012 at 9:25 AM
  • capitol hill

  • cleveland

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Federal Government, Job Searches, Law Schools, Money, Morning Docket, Partner Issues, SCOTUS, Supreme Court, Wells Fargo

    Morning Docket: 10.10.12

    * Dewey know whether Judge Martin Glenn approved this failed firm’s $71.5 million partner contribution plan? We certainly do, and D&L’s chief restructuring officer, Joff Mitchell of Zolfo Cooper, is simply “delighted” about it. [Wall Street Journal (sub. req.)]

    * Bitch better have my money? The United States is suing Wells Fargo under the little known Financial Institutions Reform, Recover, and Enforcement Act for allegedly screwing it out of approximately eleventy billion dollars. [DealBook / New York Times]

    * “Flat is the new up for the legal sector,” except in Cleveland, because law firms there have been on hiring sprees throughout 2012. But unfortunately, there is a down side — it’s Cleveland. [Cleveland Plain-Dealer]

    * Diversity: no longer just an old wooden ship. Almost every law school-related amicus brief filed in Fisher v. University of Texas has backed the consideration of race in admissions decisions. [National Law Journal]

    * There’s officially at least one benefit in attending Thomas M. Cooley Law — the school collects so much money from students that it’s able to attract big-name speakers, like ex-rocker Henry Rollins. [Michigan Live]

    7 Comments / / Oct 10, 2012 at 9:07 AM
  • Dewey LeBoeuf LLP new logo DL

    Biglaw, Citigroup, Dewey & LeBoeuf, Dissolution, Partner Issues, Partner Profits, Wells Fargo

    Dewey Know Who’s Next? (Reprise)

    Which major law firm might follow in the footsteps of Dewey and LeBoeuf? Let’s discuss….

    38 Comments / / Sep 17, 2012 at 6:20 PM

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