Archive for August, 2007

$1,000 an Hour Billing Rate

Friday, August 24th, 2007 at 09:52

The Wall Street Journal reports that biglaw firms in New York are breaking through the barrier of $1,000 an hour for their billables. David Boies, formerly of Cravath, is quoted as saying: “Frankly, it’s a little hard to think about anyone who doesn’t save lives being worth this much money.” And an unnamed partner at […]






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A New Website!

Friday, August 17th, 2007 at 14:44

I was going to write about the interaction of credit rating agencies and lawyers in the current securitization crisis, but something more important has intervened. And I will do that one later. I have a new website! Caroline Mockett, my web designer, has overhauled my website to make it more user-friendly, easier to navigate, and […]






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Law Firms Buying Law Firms

Wednesday, August 15th, 2007 at 15:58

Slater & Gordon, Australia’s first law firm to float on the stock exchange (last May) has been on a spending spree buying law firms. Its latest purchase, and biggest, is McClellands, a Sydney personal injury litigation firm. The price is made of cash and AUS$2million in S&G shares. S&G has also bought another law practice […]






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Maybe There Won't Be Bargain Basement Justice After All

Tuesday, August 14th, 2007 at 13:34

Following from my post yesterday about Poland’s plan to limit lawyers’ fees to a maximum of 70 euros an hour, it may not happen. The Polish government is in trouble. The Kaczynski twins‘ Law and Justice party has lost the support of the left-wing Self-Defence party and the right-wing League of Polish Families’ party. The […]






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Access to Justice at 70 euros an hour!

Monday, August 13th, 2007 at 09:38

All through July and into August there have been “grave” words spoken about the iniquitous drive by the Polish government to improve access to justice. Now I believe in access to justice and have done some research in the area, but in this case I have two research areas intersecting: legal profession and access to […]






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