About the author
Eric A. Welter is an employment lawyer and litigator with the Welter Law Firm, P.C. in Herndon, Virginia. He is licensed to practice law in Virginia, Maryland, Washington D.C., Texas and California.
The Welter Law Firm represents and advises employers on all aspects of the employment relationship and represents businesses in commercial and franchise litigation. The firm’s offices are located in Northern Virginia; Los Angeles, California; and Austin, Texas.
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Tag Archives: Law Firm Economics
Shortage Of Legal Work At Large Firms Causes Clients To Pay More
An article in the DC Bar’s April 2010 Washington Lawyer caught our attention. The article is entitled “Cost and Effect: Financial Outlook Forces Law Firms to Reexamine Billing, Head Counts, and Services.” One observation made in the article is that the shortage … Continue reading
Is Your Lawyer Too Concerned About Making Money?
We were intrigued to read last week about a recent study on the state of the legal industry. Frequent readers are already aware of our series of posts on law firm economics. One graph from the study, however, caught our … Continue reading
“The Most Oppressive Motion Ever Presented To A Superior Court”
Not exactly the way you want your employment lawyer’s summary judgment motion described by the court of appeals. Followers of this blog are aware of our occasional commentary on “law firm economics,” namely, how large, institutional law firms manage to … Continue reading
Employers Face Increased Federal Enforcement Efforts
The U.S. Department of Labor recently announced the hiring of 250 additional investigators to assist with wage and hour investigations. A newly-released study suggests that the new DOL investigators will be busy. Law.com reports here that wage and hour violations are … Continue reading
Law Firm Economics — Recession Style
Former law clerks to the U.S. Supreme Court may no longer get $250,000 signing bonuses. Law.com article here. “Cravath, Swaine & Moore LLP, the fifth-most profitable U.S. law firm, is offering $80,000 to incoming lawyers to defer their starting dates … Continue reading
Law firm economics, 2009-style
“Companies dump big Wall Street law firms for smaller, cheaper outfits.” UPDATE: Additional thoughts on this topic here.
BigLaw Ensures Profits In Downturn Through “Alternative Billing” Arrangements
An email I received yesterday regarding a seminar on increasing law firm profitability in a down economy caught my attention. The email caught my attention not because of the topic, but because of one of the bullet points within the … Continue reading
