Business Development articles

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Asked and Answered: The Story in This Year’s AmLaw Numbers

Asked and Answered: The Story in This Year’s AmLaw Numbers

The American Lawyer on Wednesday released its complete list of the top 200 law firms in the U.S. as ranked by revenue, which showed the industry as a whole posted $105.7 billion in revenue in 2016, an incremental 3.7 percent gain from 2015. We earlier reported on the dominant trends among the top 100 law firms ranked, but

Photographer: David Paul Morris/Bloomberg

Trump’s Go-To Lawyer Kasowitz: A Pit Bull Loyal to the Boss

By Bob Van Voris and Patricia Hurtado, Bloomberg News He’s not a criminal defense lawyer. He’s not attuned to the ways of Washington. And he’s not from a white-shoe law firm. What Marc E. Kasowitz is is a bare-knuckled litigator, a fiercely loyal defender of President Donald Trump and an expert at maneuvering through high-profile

Senator Elizabeth Warren, a Democrat from Massachusetts, questions Steven Mnuchin, U.S. Treasury secretary, not pictured, during a Senate Committee on Banking, Housing, and Urban Affairs hearing at the the U.S. Capitol in Washington, D.C., U.S., on Thursday, May 18, 2017. Mnuchin's testimony is his first committee appearance since his controversial confirmation. Breaking up Wall Street banks would be a "huge mistake," Mnuchin told lawmakers Thursday. Photographer: T.J. Kirkpatrick/Bloomberg

Fate of Elizabeth Warren’s CFPB to Be Decided by Legal Showdown

By Elizabeth Dexheimer, Bloomberg News Since the day it was created, Democrats loved it, Republicans hated it and Wall Street, at best, tolerated it. The fate of the Consumer Financial Protection Bureau and its chief, Richard Cordray, is in the hands of a Washington appeals court that will hear arguments Wednesday. The CFPB asked the

A photographer photographs Robert S. Mueller, Director of the FBI (right) testifying before the Senate Judiciary Committee Committee in Washington, DC, June 6, 2002.  Photographer:  Dennis Brack/ Bloomberg News.

Wake Up Call: Will Mueller Probe Create New ‘Star’ Lawyers?

• President Donald Trump is said to be nearly ready to hire an outside legal team to help him steer through investigations into his campaign and Russian interference in last year’s election. He and his advisers have approached several private attorneys about the job. (Washington Post) Robert Mueller’s special investigation for the Justice Department into Trump associates’ links


The Role of Law Firm GCs is Expanding (Perspective)

Editor’s Note: This column is written by a lawyer who specializes in advising attorneys and law firms on ethics, mergers, dissolution and other issues.  By Anthony Davis, Partner, Hinshaw & Culbertson LLP “Once upon a time, in a galaxy far, far away…” law firms didn’t have General Counsel or CLOs (“Chief Legal Officers”). The almost

Mark Kauzlarich/ Bloomberg

The Giddy Messages Citi Traders Sent While Lehman Died

By Tiffany Kary, Bloomberg News As U.S. officials and bank executives scrambled to save the global financial system after Lehman Brothers’s bankruptcy in the fall of 2008, Citigroup Inc. traders were doing what traders always try to do. “Ringing the register, homey,” Thomas Giardi, a trader in the bank’s credit derivatives trading unit, said in

Photo by Andrey Rudakov (Bloomberg)

Lobbying by Trump Interior Department Nominee Raises Concerns

By Ari Natter and Jennifer A Dlouhy, Bloomberg News Donald Trump’s election has been a boon for backers of a controversial plan to pump billions of gallons of water from a Mojave Desert aquifer to Southern California — including one of the president’s nominees. David Bernhardt, nominated to be the No. 2 official in the Interior

U.S. Sen. Dianne Feinstein, D-Calif., sin front of the B-2 stealth bomber in 2007 at the Northrop Grumman Corp.'s facility in Palmdale, California. Photographer/Susan Goldman.

Inside the Secret World of Government Contracts Client Conflicts

It’s the issue no government contracts lawyer wants to discuss, the matter they wish would go away. Yet some government contracts practice groups are being forced to spend more time than ever trying to prevent, or at least mitigate, conflicts between clients. Client conflicts are one of the most sensitive issues facing law firms and

Robert S. Mueller, Director of the FBI, speaks at the US Embassy while on a visit to Tokyo, Japan, 23 April 2003. Charles Pertwee/ Bloomberg News

Wake Up Call: Mueller Exits WilmerHale, Has Wide Latitude for Probe

• The Justice Department named former FBI Director Robert Mueller special counsel to lead the FBI’s investigation of Russia’s efforts to influence the 2016 election. The appointment comes as the White House is reeling from President Donald Trump’s decision to fire FBI Director James Comey on May 9. (Bloomberg via BLB) • In order to take the

Photo by Tomohiro Ohsumi/Bloomberg

Wake Up Call: Seyfarth Shaw Lays off 40 Lawyers and Staff

• Labor and employment law firm Seyfarth Shaw made a big round of layoffs, cutting about 40 lawyers, including associates, as well as a number of staff members. The cuts affect the firm’s New York City office and possibly other offices, according to a source. (BLB) • A federal appeals court rejected the argument that “Google” has become