Class Action Spending Around 2.1 Billion Dollar Level, With Increase In Number Of Class Actions Being Handled By In-House Top Counsel And With Rise In High-Risk Class Actions. Carlton Fields Jorden Burt, LLP recently has come out with its 2015 Class Action Survey, the highlights of which can be found here. Top […]
UCI Get 30th Spot. “The lowly anteater was immortalized at the Washington Zoo today when its statute was unveiled with appropriate ceremonies.” 1938. Library of Congress. Recently, U.S. News and World Report released its ranking of U.S. law schools. Here they are: (1) Yale University (2) TIE – Harvard University
Earlier, First Circuit Reversed Earlier Fees/Costs Awards After Determining State, Not Federal, Law Applied To Determination Of The Awards. In In re Volkswagen & Audi Warranty Extension Litigation, 692 F.3d 4 (1st Cir. 2012), which happens to be a multidistrict class action involving oil sludge buildup in engines and related warranties, a settlement
ABA-Approved Law School Rates Also Assessed. As reported by Debra Cassens Weiss in a March 2, 2015 post on the on-line version of the ABA Journal, the top ten U.S. elite law schools—analyzed from the point of sending a higher percentage of graduates to BigLaw firms (top 250 U.S. firms)—had an average tuition
U.S. Bureau of Labor Statistics Show January 2015 Legal Services Sector Drop. The U.S. Bureau of Labor Statistics has reported that, for January 2015, the legal services sector lost 1,400 in jobs despite some signs of an uptick in demand. This compares with a 4,500 legal service job loss for all of 2014.
56% Of These Dollars Went To Outside Counsel, With Comprehensive Management Programs Leading To Even Less Spending. As reported by a recent issue of the ABA Journal, the Huron Consulting Group came out with its 2014 IMPACT Benchmarking Report after its fifth annual survey of law departments for 2013, encompassing survey data from
$25 Was The Fine. U.S. Magistrate William V. Gallo (S.D. Cal.) was 10 minutes late in attending a session in a trademark infringement suit involving cheerleading clothes. He obviously was displeased, fining himself $25 for his tardiness in keeping the participants waiting. Dallas Cowboys Cheerleaders. Carol M. Highsmith, photographer. 2014. Library of
Increases Followed From Prior Yearly 2% and 1% Cutbacks. As reported in the January 19-25, 2014 issue of the Orange County Business Journal, Orange County’s largest law firms increased their workforces by 3.2% overall in 2014, reversing prior yearly cutbacks in past years of 2% and 1%, respectively. Also, this edition has
Seventh Circuit Disagrees That Bankruptcy Judge Lacked Jurisdiction To Decide Fee Entitlement Issue. In Sweports, Ltd. v. Much Shelist, Case No. 12-14254 (7th Cir. Jan. 9, 2015), bankruptcy counsel and a financial advisor to the Official Committee of Unsecured Creditors (“claimants”) in a Chapter 11 proceeding filed to recover fees of at least
Year-End Bonuses See Some Dramatic Rises For 2014. As reported in the December 20, 2014 issue of The Economist, starting salaries for first year associates at large American law firms has been stuck at $160,000/year since 2007. However, in the waning months of 2014, year-end bonuses have dramatically risen for associate attorneys—despite being
