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What the Orrick Management Reveals about Points of Pain in Law Firms

Recently, Orrick Herrington & Sutcliffe was in the news again after having laid off two of its 14-member executive staff, apparently to optimize resources and reduce costs. Well, everyone knows that you don’t reduce costs by removing profit centers, but cost centers in an organization. And that brings us to what the recent decisions of Orrick reveal about points of pain in a law firm. + read more

ABA Accreditation of Foreign Law Schools?

ABA Accreditation of Foreign Law Schools? It's been over three years that foreign law schools, in particular the Peking University School of Transnational Law have been seeking ABA accreditation. As Sino-American trade relations form closer ties, the need to increase cross-border understanding was expected to escalate, obviously. At other times, such a gesture by a foreign law school to gain ABA accreditation may have been seen as eccentric, or to be of little significance. However, the recent drop in the number of fruitfully employed law graduates and the tenacity of the economic recession, have made many concerned about the prospect of opening a potential floodgate of foreign lawyers into the market. Whether the Peking University School of Transnational Law (PUSTL) in China ultimately receives accreditation or not is a different issue, but even considering the matter at this week's annual ABA meeting, is seen by some as sacrilege. + read more

Rise of the Middle-class in the Law Firm Market: Is it the end of the Big Firm Era?

Rise of the Middle-class in the Law Firm Market: Is it the end of the Big Firm Era? After analyzing from all angles, it seems that mid-tier law firms are destined to experience greater growth and stability than their big law counterparts in both the current economy and the near future. The shift, of course, is not sudden, but definitely global in nature. At the end of last month, the legal market in Australia reported that mid-tier law firms were definitely edging ahead of big law firms. The Q2, 2012 Peer Monitor Index released by the Hildebrandt Institute this 27th July affirms the same is also true for the U.S. legal market. + read more

What’s happening with the Texas Voter ID Law

What’s happening with the Texas Voter ID Law The Texas Voter ID Law is in the center of a national debate for right or wrong reasons according to how you view it. However, political camps have been blasting each other over what is essentially a legal issue, but with wide political ramifications. Especially so, because this is the election year, and because several other states have proposed or pending litigation in the same or similar lines as the Texas Voter ID Law. On Friday, a three-judge federal panel (some people have already pointed out two of the three are Democrat appointees) suggested that the legislation would disproportionately hurt racial minorities. + read more

Rearranging the Chairs on Titanic’s Deck: NYC Bar Association Creates Task Force to Study Legal Market

Rearranging the Chairs on Titanic’s Deck: NYC Bar Association Creates Task Force to Study Legal Market It’s everywhere in the news that the New York City Bar Association is forming a brilliant task force to study the legal job market. According to Carey Dunne, the president of the NYC bar association, the ostensible job of the task force would be to assess whether the weak job market is primarily a result of temporary factors, or whether it reflects a more permanent shift in the law industry. One thing is sure, as Dunne says, “I’m sure there’s no simple answer.” But as a commenter on the Wall Street Journal post mentioning the news indicated caustically, “the committee’s recommendations will amount to rearranging the deck chairs on the Titanic.” + read more

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