Being a BigLaw partner doesn’t bring enough economic rewards for Stefan Baugh, who lives in Washington, D.C., with his wife and two children. Baugh recently left a BigLaw partnership to start a private equity company with two colleagues, the Washington Post reports. He told the newspaper he wants to create a legacy for his...
read moreThe United Kingdom’s Supreme Court has ruled that law firm partnerships may impose mandatory retirement for partners. The opinion (PDF) remanded the case, however, for a determination whether a retirement age of 65 was justified, report Bloomberg News, BBC News and the Independent. The lawyer challenging his forced ouster,...
read moreA Texas lawyer and his wife have been awarded $13.8 million in a libel suit against online commenters who accused the couple of sexual perversions, molestations and drug dealing. Tarrant County jurors awarded the money to Mark and Rhonda Lesher on Friday, the Fort Worth Star-Telegram and ABC News report. The judgment sets a record...
read moreUpdated: Dewey & LeBoeuf owes about $75 million to a syndicate of bank lenders, money drawn on its $100 million credit line, according to a published report. Now the law firm is facing an end-of-the-month deadline to renegotiate the credit line, the Wall Street Journal (sub. req.) reports. The $75 million debt is about $40...
read moreThe number of lawyer jobs in the decade ending in 2020 is expected grow by about 10 percent, but competition for jobs will still be strong, according to the latest employment outlook by the Bureau of Labor Statistics. By 2020, the number of lawyer jobs in the United States is expected to reach 801,800, a gain of 73,600 since 2010,...
read moreThere are downsides to being really happy. Psychologists say high levels of positive feelings are associated with risk taking behaviors, such as alcohol and drug consumption, and can hurt career success, the Washington Post reports. Researchers point to studies showing people reporting high levels of happiness early in their lives...
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