We have seen many stories of large-firm clients moving some work to smaller, lower-cost firms. It turns out that this goes beyond corporate law and extends to cornflakes. The Economist ($$) drills into this issue and quotes Eric Anderson, … [Continue reading]
The Price of Excellence
Harvey Miller of Weil Gotshal gets a glowing write-up today in the Father's Day edition of the Detroit Free Press. GM wanted the best for their fast-track, "quick rinse" Chapter 11 filing, and it doesn't come cheap: Weil, Gotshal & Manges has about … [Continue reading]
Time for Twittering Lawyers?
When a company hits the cover of Time magazine, it's either best for lawyers to take notice or for the board to update the exit strategy. This time, it's all about Twitter; I took a look at it a few months back. Here's two of the co-founders of … [Continue reading]
Legal Secondments with a Twist
Mayer Brown is providing attorneys to key clients, according to the Chicago Tribune. Secondments, involving law firms tasking attorneys to key clients for a defined term, are not new. One part of this one is, however: Mayer Brown is paying some of … [Continue reading]
No Stimulus for Detroit Lawyers
Just minutes ago, GM announced that its equity swap offer to bondholders has failed. Chapter 11 is now almost a certainty, likely by the end of the week. Writing from the secure Wired GC bunker that's about as close to GM headquarters as the … [Continue reading]
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