Acting swiftly in an extraordinary time, the House rushed President Donald Trump a $2.2 trillion rescue package Friday, tossing a life preserver to a U.S. economy and health care system left flailing by the coronavirus pandemic.
Growing for success: Law firms still looking for merger opportunities, but fewer partners available
With its impending entrance into the Minneapolis market, Taft Stettinius & Hollister LLP is set to expand its footprint to 12 cities, grow its roster of attorneys to more than 600 and take a step closer to its goal of becoming a regionally dominant law firm. While law firm merger activity in the Hoosier State is increasing, the recently announced Taft deal is among the largest in recent years.Read More
Nearly 3.3 million Americans applied for unemployment benefits last week — more than quadruple the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus.
The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic.
The White House and Senate leaders announced agreement Wednesday on an unparalleled, $2 trillion emergency bill to rush aid to businesses, workers and a health care system slammed by the coronavirus pandemic, the largest economic rescue bill in history.
Sen. Rand Paul of Kentucky has tested positive for the novel coronavirus, becoming the first case of COVID-19 in the Senate and raising fears about the further transmission of the virus among Republicans at the Capitol. The deveoplment came as the Senate wrangled overnight Sunday to agree to an emergency economic stimulus package.
The Indiana Supreme Court is working to help troubled homebuyers, and possibly prevent another flood of empty houses, by relaunching the Mortgage Foreclosure Trial Court Assistance Project. A $115,000 grant from the Indiana Bar Foundation will provide funding to pay for facilitators to work with borrowers and lenders to try to get them to reach an agreement that will avert a foreclosure.
According to the ABA’s National Lawyer Population Survey, the number of active lawyers nationwide grew by 14.5% in the last decade, up from 1,180,386 in 2009 to 1,352,027 in 2019. The number of Indiana lawyers likewise grew 10.2%, increasing from 14,379 to 15,845.
A wide majority of chief legal officers expect a recession and therefore have taken steps to curb spending on in-house and outside counsel, a new survey reports.
Some economists are again talking about a recession as certain market indicators point to a coming slowdown. Even if the economy stays strong, experts say the changes within the legal industry will still create winner and losers.
These are the days of manufacturing 4.0, the name of the fourth industrial revolution marked by connectivity among the devices that keep a factory running. In an “internet of things” world, the industrial internet of things allows plant machinery and products to talk to each other and provide real-time data and updates on how the equipment is operating and how the products are functioning out in the market, creating new challenges for lawyers.
The question of another economic recession in the United States is not if it will happen, but when. Roughly a decade since the end of the Great Recession, most economists predict the U.S. economy will take another dip some time in 2020. Businesses, including law firms, are starting to prepare.
An Indiana lawmaker’s efforts to eliminate the state’s child labor laws have raised conflict of interest concerns because he employs hundreds of minors at a ski resort.
Six intellectual property attorneys walked out of one law firm, boarded the elevator in their downtown Indianapolis office building and pushed the button for a competing law firm on the 19th floor. Thus, Frost Brown Todd last month bolstered its Indianapolis IP practice group by luring the entire intellectual property team from SmithAmundsen’s Indiana office. The move underscored what law firms say is a competitive job market where experienced lawyers are the hottest commodity.
Claims of workers being harassed or denied opportunities because of their race, national origin, gender, age or sexual orientation are continuing despite diversity in the workforce and employers’ heightened need for labor amid low unemployment.
Overall employment for class of 2017 law school graduates only increased by 1 percentage point, even though the number of jobs found by graduates fell again by more than 1,200 compared with 2016 numbers, according to a report released Thursday.
The sweeping changes that came with the overhaul of the federal tax system included a deduction for pass-through businesses, but attorneys and other professional service providers were brushed aside and likely will not be able to reap that tax break.
Attorneys, accountants and wealth management professionals say last year’s skyrocketing valuation of bitcoin and other cryptocurrencies has fueled interest among investors. Experts warn those who put their money in bitcoin to be prepared for a bumpy ride.
The Supreme Court agreed Friday to wade into the issue of sales tax collection on internet purchases in a case that could force consumers to pay more for certain purchases and allow states to recoup what they say is billions in lost revenue annually.
Major Lindsey & Africa, a recruitment and consulting firm for the legal industry, has released its 2018 Industry Outlook report outlining what law firms can expect in the new year. In short, law firms will remain under increasing pressure to keep costs low and productivity high, so firms are expected to focus on core strengths and retaining key personnel.