Bankruptcy attorney Mark S. Zuckerberg recently described the current state of his practice: “Nobody’s coming into my office; nobody’s calling me; nobody’s paying me.” His loneliness can be tied to the drop in bankruptcy filings. In 2015, petitions nationally fell to 860,182, an 11 percent decline from 2014 and the lowest number of filings since 2007.
A grant from the Office of the Indiana Attorney General will help fund a partnership between Indiana Legal Services Inc. and two law schools in an effort to provide more services to those facing foreclosure in the state.
The 91 law firm combinations announced in the United States last year is the highest annual total recorded by Altman Weil MergerLine, which has been compiling this data for nine years.
An Elkhart solo practitioner must pay his former legal assistant more than $85,000 after she sued him to recover unpaid wages owed to her over the course of two years, the Court of Appeals affirmed Wednesday.
The traditional career path for Indiana attorneys – graduate from law school, become an associate in a law firm, work long hours and eventually become a partner – appears to be broken, or at least cracked.
Life’s not bad being a lawyer. Work is satisfying, there’s time for life outside work, and the pay is good. But I wouldn’t recommend it. Those contradictions in lawyers’ prevailing attitudes were revealed in Indiana Lawyer's Practicing Law in Indiana survey.
Law firms large and small face similar challenges – keeping costs down and quality high while also finding ways to sustain and grow the business.
Chief legal officers say internal and external cost pressures were their biggest concern in managing their law departments this year, according to survey results released Tuesday by Altman Weil.
Indiana's economy will grow at a slightly faster rate next year and into 2017 even as the state faces challenges from weakening international markets, Indiana University economists said Thursday in their annual forecast.
John Suh is convinced that he can put lawyers back to work. In the past decade, the number of working lawyers has fallen by more than 50,000. Solo practitioners, the mom-and-pop shops of jurisprudence, have been in a death spiral for even longer.
Gov. Mike Pence on Thursday morning announced that the state would use about $250 million from Indiana's surplus to finish paying back the federal government for a loan the state took out to pay unemployment benefits during the recession.
Along with the government repayment and forgiveness programs designed to help new attorneys in the public sector pay their student loans, law schools and bar associations have established similar programs.
The American Bar Association launched a campaign in response to proposed changes to federal loan forgiveness and repayment programs.
If there’s optimism among law firm managing partners, it’s muted at best.
Law firm mergers show no signs of abating. That’s the takeaway from a report from legal consultant Altman Weil Inc., which tracks the number of combinations — both large and small – among firms.
Total legal spending is up slightly – by 2 percent – according to HBR Consulting’s 2015 Law Department Survey. But, not surprisingly, outside counsel spending is flat compared with last year.
Managing partners at the end of 2014 expressed renewed economic confidence. The mood seems less rosy now, according to the latest survey by the Law Firm Group at Citi Private Bank.
The funding of pension plans remains problematic for many employers, and on June 17 the federal government named well-known attorney and mediation maven Kenneth Feinberg to supervise a new program that allows some pension funds to cut retiree benefits.
Two law schools said this month that they would begin accepting applicants who have not taken the Law School Admissions Test, a move that may help curb weak interest and plunging enrollments in law schools across the country.
After three down years for law school enrollment, Austen Parrish expected a rebound of applications and enrollment this year at Indiana University Maurer School of Law. But it isn’t happening.