Despite having almost the same rate of revenue growth, the second-hundred wealthiest American law firms are managing their business differently in one significant way: They are bolstering their lawyer count, which is in sharp contrast to the top 100 most-profitable law firms in the country, according to an annual survey by the American Lawyer Magazine.
Deutsche Bank AG, continental Europe’s biggest bank, is asking investors to replace three non- bankers supervising its executives with finance and legal experts after litigation-related costs eroded profit last year.
Federal securities class-action filings decreased by about 10 percent last year from 2011, PricewaterhouseCoopers found in its 17th annual Securities Litigation Study published yesterday. There were 172 cases in 2012, compared with 191 cases in 2011, with a significant drop in the fourth quarter of 2012.
Greenberg Traurig LLP announced leadership changes, including the promotion of Hilarie Bass to co-president from global operating shareholder. Bass, a Miami partner, is the first female president of the firm and holds the highest position a woman has held there.