Morning Docket: 08.25.16
* Demand for legal services may be down, but to keep up appearances, law firms are raising their rates. Despite those rate increases -- which are driving revenue across most firms -- Wells Fargo Private Bank's Legal Specialty Group says, "We do not expect the results to match the record peak performance experienced in 2014.” At least you tried? [WSJ Law Blog] * In-house attorneys make a lot of money, but that won't stop them from being envious of their Biglaw colleagues. Per a new survey, 44 percent of in-house counsel say their compensation is “below or significantly below that of their peers," and 40 percent said they were likely to search for a new job because of comp issues. [Big Law Business] * If you missed it this weekend, Joan Biskupic had an excellent profile of Justice Sandra Day O'Connor. Though she once lamented that her decisions were "being dismantled," she's modest about how influential she was on the Supreme Court: "We [tried] to persuade by the strength of the argument. Everyone [had] a very key vote." [CNN] * "The current condition of the [Cincinnati College of Law may] not [be] good enough for [its] wonderful students,” but that doesn't mean it's getting a new building any time soon. The school's trustees just scrapped a plan to build a new law school at the downtown riverfront, opting to keep it on UC's main campus. [Cincinnati Enquirer] * "[B]ehind its façade of attainable elegance, Zara is engaged in a widespread practice of deceiving American consumers through a classic bait and switch." Clothing store Zara has been slapped with a $5 million federal suit for allegedly engaging in deceptive pricing tactics. The store typically only lists prices in euros in its U.S. stores. [Us Weekly]
* Demand for legal services may be down, but to keep up appearances, law firms are raising their rates. Despite those rate increases — which are driving revenue across most firms — Wells Fargo Private Bank’s Legal Specialty Group says, “We do not expect the results to match the record peak performance experienced in 2014.” At least you tried? [WSJ Law Blog]
* In-house attorneys make a lot of money, but that won’t stop them from being envious of their Biglaw colleagues. Per a new survey, 44 percent of in-house counsel say their compensation is “below or significantly below that of their peers,” and 40 percent said they were likely to search for a new job because of comp issues. [Big Law Business]
Law Firm Business Development Is More Than Relationship Building
* If you missed it this weekend, Joan Biskupic had an excellent profile of Justice Sandra Day O’Connor. Though she once lamented that her decisions were “being dismantled,” she’s modest about how influential she was on the Supreme Court: “We [tried] to persuade by the strength of the argument. Everyone [had] a very key vote.” [CNN]
* “The current condition of the [Cincinnati College of Law may] not [be] good enough for [its] wonderful students,” but that doesn’t mean it’s getting a new building any time soon. The school’s trustees just scrapped a plan to build a new law school at the downtown riverfront, opting to keep it on UC’s main campus. [Cincinnati Enquirer]
* “[B]ehind its façade of attainable elegance, Zara is engaged in a widespread practice of deceiving American consumers through a classic bait and switch.” Clothing store Zara has been slapped with a $5 million federal suit for allegedly engaging in deceptive pricing tactics. The store typically only lists prices in euros in its U.S. stores. [Us Weekly]
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Staci Zaretsky is an editor at Above the Law. Feel free to email her with any tips, questions, or comments. Follow her on Twitter or connect with her on LinkedIn.