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Barrett Burke ties up with Trinity Hunters to form Legal Processing Company

Dallas-based law firm Barrett Burke Wilson Castle Daffin & Frappier has finalized plans to merge with Private Equity group Trinity Hunt Partners to launch the National Default Exchange. The newly formed entity will work in the area of mortgage default, foreclosure, and bankruptcy administrative processing.

Approximately 850,000 properties went into mortgage default last year and more than 1,930,000 bankruptcies were filed across U.S. Barrett Burke and Trinity Hunt will combine their experience, relationships, and resources to accelerate the growth of National Default Exchange and aid its reach into additional geographical markets.

Currently, Trinity Hunt manages all trustee and administrative processing for Barrett Burke's mortgage industry clients. Barret Burke enjoys the reputation of being one of the leading providers of trustee, administrative processing, and legal services to the mortgage industry.

07-31-2006

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Baker & McKenzie elevates attorneys to partners in international offices

Chicago-based law firm Baker & McKenzie has announced series of promotions across its regional offices in Asia, as reported by financeasia.com. Seven associates have been appointed to partner in Hong Kong, Beijing, Shanghai, and Ho Chi Minh City.

The firm believes these new developments will strengthen their practice areas of M&A, corporate finance transactions, corporate tax planning, tax controversy, and litigation. The Vietnam office, however, is focusing on intellectual property, technology licensing and investment issues.

07-31-2006

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More news from the file management technology front

DLA Piper Rudnick Gray Cary has united with EMC Corporation to provide Documentum eRoom® software that will enable an online alliance between attorneys, clients, and co-counsel firms. The software provides internet access to authorized parties to view and update all case documents through a shared area. It will save the firm 15,000 hours annually, as reported on the EMC website, by eliminating the sending and resending of e-mails and updating clients on case statuses. The company predicts that the software will increase the productivity of employees and also assure the security of confidential documents.

DLA Piper Rudnick Gray Cary is the second largest law firm in the world with more than 3,100 lawyers in 22 countries and 58 offices globally. EMC Corporation is the world leader in information management and storage aiding in low cost access to information.

07-28-2006

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LeBoeuf makes new hires in Moscow

LeBoeuf Lamb Greene & MacRae has hired two former employees of the dissolved German firm Haarmann Hemmelrath for its Moscow office, according to lawyer.com. Roman Dashko and Anna Lessova, who will join LeBoeuf as associates, have extensive experience in international deals, and they will work in the rapidly growing field of Russo-German transactions.

Since its inception in 1990, the law firm's Moscow office has had a flourishing M&A practice and an emerging tax practice, which is expected to get a boost from the new hires. The firm counsels on project finance, insurance, leasing, regulatory matters, tax, intellectual property and piracy, and competition law matters, litigation, arbitration, and related issues under Russian and foreign civil and commercial laws.

07-28-2006

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Law School Connect extends network

A number of major law firms have joined up with Law School Connect, a nationwide network linking law schools to law firms, legal non-profits, and other judicial systems through a videoconferencing network. These include Lewis Brisbois Bisgaard & Smith LLP; Jenner & Block LLP; Alston & Bird LLP; Ulmer & Berne LLP; Robins, Kaplan, Miller & Ciresi LLP; and Davis Wright Tremaine LLP.

The network offers a cost-effective way for law firms to recruit from long distance by providing access to videoconferencing equipment. The more than 200 videoconference-enabled spaces are made available on a rental basis which can even be used to keep in touch while away from office. The network also facilitates virtual job fairs wherein member law schools can invite legal employers to schedule live interviews from their home cities directly to the hosting law school.

The network boasts an impressive list of member law firms and a growing list of law schools using the program. In addition, seven judicial systems are using Law School Connect to interview law students.

07-28-2006

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King & Spalding building up FDA/Healthcare Practice

King & Spalding is aiming to expand its FDA/Healthcare practice to improve service to pharmaceutical, medical device, biologics, and food manufacturers on FDA and healthcare regulatory issues. The induction of two new advisors, Beverly H. Lorell and M. Kay Scanlan, at the firm's Washington, DC, office will bring the number of attorney's in the firm's FDA/Healthcare practice group to 27.

The duo has expertise in clinical trial design of studies for drugs, devices, and biologics; review of pre-market submissions; recalls; and assessment of matters involving a risk to health related to pharmaceutical and biotech industries. The firm's lawyers focus on clinical development, FDA approval, CMA coverage and reimbursement, post-market advertising and promotion, and healthcare regulatory compliance issues.

07-28-2006

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In-house attorneys see a boost in compensation

The nation's top corporations have set a new record for compensations offered to leading in-house attorneys. While general counsel salaries remained at an average of $565,000, compensation in the form of cash bonuses and restricted stock grant touched $2 million. This was reported in the twelfth annual survey of the 100 best-paid chief legal officers, published by ALM's Corporate Counsel magazine.

It is noteworthy to mention that bonuses increased by 16% and restricted stock grants shot up by 35%, as compared to salaries, which rose marginally by only 1%. This was reflected in the pay package of recently retired general counsel of General Electric Company, Benjamin Heineman, Jr., who received a combined salary and bonus of $5 million. Among the companies making their first appearance on the list is Internet retailer IAC/InterActiveCorp, who paid general counsel Gregory Blatt almost $2.5 million plus nearly $6 million in restricted stock grants.

07-27-2006

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