An important appeals court this month has us all talking again about SEC settlements with big banks. Several years ago a lower court rejected a $285 million settlement with Citibank over alleged misleading claims in the mortgage business. The federal judge reviewing the settlement said...
The Legal Times tells us that Clearspire started with much promise, but a few weeks ago the "virtual" law firm closed with 25 lawyers on staff. The idea was to have a firm with no office staffed by former big firm attorneys that keep fees low...
Philadelphia had a problem. Only about 13% of folks in the City of Brotherly Love told to show up for jury duty did so on their scheduled day. So the city recently recommissioned its Juror Scofflaw Court and, according to the Philadelphia Inquirer, hauled its...
We all know the stories. Zuckerberg, Gates, Jobs, Dell, all geniuses who dropped out of college and become happy billionaires (but are they really happy?). What did they miss? Something important? Would more courses in philosophy or anthropology or psychology have improved their ability to...
It only took about 46 years, but a surviving member of the barely-known 60s band Spirit has sued rock hall of famers Led Zeppelin claiming the legendary opening riff in the overwhelmingly iconic "Stairway to Heaven" was stolen from a Spirit song called "Taurus." Spirit...
Trial lawyers always look for that "gotcha" moment. Those of a certain age will understand when I recall a law professor who would scream "Perry Mason!" if you tried to suggest something could happen at trial that is unexpected (normally it's not supposed to, but...
Unless you've been under a virtual holographic rock, you know that Google is later this year to widely market Glass, a pair of glasses with a built-in computer that you direct with voice commands to check your email, go on the Internet and take photos...
In a sign that we are still not out of the woods in either the US economy or the law business, BigLaw firm Brown Rudnick last week told 10 of 23 law students who were to join the firm in the fall that their offer...
She has been in "Grey's Anatomy" and movies like "27 Dresses" and "The Ugly Truth." Emmy award winner Katherine Heigl now has new headlines - suing drug store chain Duane Reade last week for $6 million over a Twitter post including a paparazzi picture of...
In this continuing series on the benefits (and challenges) of flat fees for transactional legal services, here we focus on the way it changes the relationship between lawyers and their clients. Imagine the following really happens: you call your lawyer as much as you want...