In contrast to the double-digit growth enjoyed by many top Wall Street firms, most New York firms in the bottom half of the Am Law 200 saw little to no expansion last year, according to financial rankings released Wednesday by The American Lawyer.
Regardless of their political leanings, many law firm leaders were cautiously optimistic after Donald Trump's election. They hoped he might boost business—and demand for legal services—with his agenda of tax reform, looser bank regulations and infrastructure investment. But with the fledgling admini
Allen & Overy is suing a former client for $343,448 arising out of its work for the development and financing of a solar power facility in Panama.
Loeb & Loeb, riding a wave of rising revenue and profits, has elected media and tech partner Kenneth Florin in New York as its next chairman, ending the 14-year leadership tenure of Michael Beck.
The good times are rolling again for New York's elite law firms.
Kaye Scholer's financial performance took a remarkable beating in its last year as an independent law firm. But managing partner Michael Solow called the 2016 declines a natural result of strategic pruning ahead of the firm's merger with Arnold & Porter at year's end.
Federal prosecutors in Brooklyn said the fraud charges faced by ex-pharmaceutical executive Martin Shkreli and his former outside counsel, Evan Greebel, are "inextricably intertwined" and are urging a judge to keep their trial joined.
Richard Nugent, a longtime tax partner at Cadwalader, Wickersham & Taft, has left to join Jones Day in New York as a partner.
Bill Thompson, New York City's former comptroller and a two-time mayoral candidate, is embroiled in litigation with New York's Stroock & Stroock & Lavan and New Jersey's Genova Burns over legal fee debts from his 2009 campaign.
Former Katten partner Evan Greebel and ex-pharma CEO Martin Shkreli are continuing to square off before their upcoming fraud trial.