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The money question: At many law firms, these prices are in-SANE!
Topics |
2010/02/12 09:12
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| pThe way some people tell it, law firms have begun to sound more like used-car companies, offering up deep discounts or alternative-fee arrangements./ppAlternative fees, discounted billing rates and fixed-fees are becoming more and more rampant in the legal world, although it remains to be seen just how cost-effective those discounts are./pp“It’s incredibly easy to get discounts,” said Jay Shepherd, founder of Boston-based Shepherd Law Group. Shepherd has famously shunned the billable-hour model, in favor of fixed-fee arrangements. “I’ve talked to many in-house counsels who say, ‘I just make a phone call, and I get a discount.’ Law firms are doing something that car companies did about a year ago, with the employee discount pricing. It becomes a frenzy of discounting.”/p |
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Jeffersonville law firm grows with new partner, more space
Legal Focuses |
2010/02/12 09:10
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pApplegate amp; Fifer, a business and real estate law firm based in Jeffersonville, was renamed Applegate Fifer Pulliam LLC last month./ppThe name change was prompted by the addition of a third partner, Keith Pulliam, who joined real estate attorney Alan Applegate and municipal attorney Greg Fifer./ppPulliam previously practiced at New Albany law firm Lorch amp; Naville LLC./ppHe assists small businesses with legal issues, such as business formations and contracts.
/p |
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Private equity firms brace for tax battle
Topics |
2010/02/08 03:09
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pPrivate equity firms are again being threatened with higher taxes, as a long-running debate over how to classify their profits again becomes a focus for governments desperate for cash./ppBut while high-profile buyout firms may seem an easy target, the question is a controversial one. Critics argue that raising the taxes paid by the private equity industry will also hit small partnerships and venture capital, and may not even raise as much revenue as governments hope./ppPart of the argument against higher taxes is that they could hinder jobs growth at a time when major economies are struggling with high unemployment rates.
/p |
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First class-action lawsuit filed against Toyota
Topics |
2010/01/31 18:09
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pParker Waichman Alonso LLP, together with the Becnel Law Firm, LLC, announces that it filed suit on behalf of several consumers who purchased Toyota vehicles subject to various recalls issued in January 2010 for defects in the vehicles' gas pedals. The lawsuit, which was filed in the U.S. District Court for the Eastern District of Louisiana, seeks class action status.
intended to benefit all residents of the United States who purchased a Toyota vehicle of model years 2005, 2006, 2007, 2008, 2009, and/or 2010 that is subject to the recalls./ppParker Waichman Alonso LLP has been contacted by hundreds of Toyota owners, including the family of a man who died in a vehicle accident, with questions about their legal rights in relation to these recalls. If you or someone you know owns or has owned one of the Toyota vehicles involved in these recalls, please contact our office by visiting a href=http://www.yourlawyer.comwww.yourlawyer.com/a/ppFree case evaluations are also available by calling Parker Waichman Alonso LLP at 1-800-LAW-INFO (1-800-529-4636)./ppOn September 29, 2009, the National Highway Traffic Safety Administration (NHTSA) announced that Toyota was recalling floor mats on approximately 4.2 million vehicles, which allegedly caused the accelerator pedals in the vehicles to become stuck in the depressed position, leading to uncontrollable and rapid acceleration of the vehicles. On January 21, 2010, Toyota recalled yet another 2.3 million vehicles produced in the years 2005 through 2010 due to accelerator pedals on those vehicles becoming stuck in a depressed position, causing unexpected and unsafe acceleration. As of January 2010, Toyota had recalled a total 5.3 million vehicles due to problems with accelerator pedals sticking./ppThe class action lawsuit filed by Parker Waichman Alonso LLP and the Becnel Law Firm, LLC alleges that, as a result of these recalls, Toyota owners lost the use of their vehicles, and sustained, among things, economic losses and severe emotional distress. The complaint charges Toyota with breach of implied warranty and negligence, and seeks compensatory, punitive and exemplary damages for the Class, as well as equitable and declaratory relief. It also asks the Court to enjoin Toyota from implementing any fixes in the accelerator pedals of the sub/p |
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‘America’s Best Law Firms’ Rankings Are Coming in 2010
Law Firm News |
2010/01/30 18:09
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pU.S. News and Best Lawyers, the leading survey of lawyers worldwide, announced last year that the two publications have teamed up for an expansion of U.S. News's signature America's Best series to include new rankings of America's Best Law Firms and America's Best Law Firms to Work For./ppWe want to give an update on the status of these new rankings. The ranking projects continue to make progress on the collection of client references and associate references from law firms. The vast majority of America's major law firms have provided the requested information. As with other rankings published by U.S. News, we believe that we will be able to secure from various sources quantitative data concerning those law firms that do not provide the requested statistical data directly to U.S. News and Best Lawyers.
Combined with the qualitative reviews of the firms by clients —more than 50,000 client references have already been accumulated—and qualitative peer-reviews by leading lawyers, this will enable the publication of valid rankings for all major law firms, both large and small, across the United States in the inaugural year. In time, it is expected that an increasing number of the ranked law firms will participate in the process./p |
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Top Cravath litigator Joffe dead at 66
Lawyer News |
2010/01/28 18:10
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| pRobert Joffe, an antitrust, corporate governance and litigation specialist who worked for more than four decades at Cravath, Swaine amp; Moore LLP, including eight as presiding partner, has died./ppJoffe, 66, died on Thursday from cancer, according to Greg Johnson, chief executive of asset management company Franklin Resources Inc (BEN.N), where Joffe was a director and chaired the corporate governance committee./ppJohnson spoke on a conference call. A spokeswoman for the law firm confirmed Joffe's death./ppJoffe was principal litigator for Time Inc in its efforts in 1989 to resist a takeover by Paramount Communications Inc, according to a biography on Cravath's website,./ppIt said he later represented Time Warner Inc (TWX.N) in connection with its merger with America Online Inc, and a proxy fight by the investor Carl Icahn./p |
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