Current Issue

Special Report: A Near-Record Year for Lateral Hires

Lateral hiring was a key strategy for 2014, our new Lateral Survey shows, though firms protected themselves by reducing the amount and duration of guarantees. Another shield against a bad lateral hire, consultants say, is a detailed scorecard to grade lateral candidates. We profile 20 standout hires of the year.

Features

Competing in a New Cuba

By Carlyn Kolker

As the door to Cuba cracks a little wider, some American firms are looking hard for opportunity. But foreign rivals already have a head start.

Billions in U.S. Claims Against Cuba Still Outstanding

By Michael D. Goldhaber

Don't light up the cigars just yet. Before Cuba and the U.S. can open full economic relations, U.S. antiterror judgments and claims for nationalized property must be resolved.

Bar Talk

Oil Shock for Law Firms

By Chris Johnson

Energy lawyers are about to find out how well their practices run on cheap oil.

A Peek Inside Wachtell's Black Box

By Susan Beck

Evidence in a malpractice suit sheds light on the elite firm's billing practices.

After 70 Years, Holocaust Reparations from French Railway SNCF

By Nell Gluckman

Survivors of railway deportations to concentration camps and their families will receive funds under an agreement that Akin Gump lobbied for.

Why Pay the Rack Rate?

By Katelyn Polantz

A survey by the National Law Journal finds that law firm billing rates continue to rise—but firms are offering clients more alternative to the traditional hourly rate.

Fee Tracker: Detroit Bankruptcy

By Nell Gluckman

What lead debtor's counsel Jones Day and other law firms earned during Detroit's Chapter 9 insolvency.

Polar Express

By Nell Gluckman

A Paul Hastings associate and his wife ski across Antarctica.

Columns

The Dating Game

By Kim Kleman, editor in chief

It's been a near-record year for lateral partners looking for love.

Firms Will Thrive as Agencies Enact U.S. Regulations

By David L. Brown

Congress may stall, but as agencies speed to enact Obama's regulatory agenda, firms will have plenty of business.

Product Review: Yoga 3 Pro Laptop

By Alan Cohen

In its third generation, Lenovo's shape-shifting Yoga laptop is much improved. But is it right for you?

The Work

Big Deals

PetSmart, Riverbed LBOs; Merck / Cubist; Visteon Stake Sale; GIC / IndCor Properties; NextEra / Hawaiian Electric; Paramount Group IPO

Big Suits

By David Bario, Scott Flaherty and Rebekah Mintzer

U.S. v. Newman and Chiasson; In Re Forex Benchmark Rates and Antitrust Litigation; Harris Country v. International Paper; In re Bernard L. Madoff Investment Securities; SimpleAir v. Google