| News In Brief: |
| Date: 12/01/2008 |
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Who is Making the Big Bucks in Global Litigation A U.K. publication announced survey results revealing the top money-making firms in the U.S. and U.K. In 2007, Skadden was at the top of the list in litigation revenue, generating around $901 million, which is about 45% of the firm's $2 billion total revenue. Skadden's revenue per lawyer was $1.33 million, but Cravath topped the charts at $1.69 million. Cravath also had the highest revenue per partner at $8.45 million. New Tessera GC Under High Pressure Bernard "Barney" Cassidy, who was announced as the new GC of the semiconductor packaging company Tessera Inc., will be front and center as the new GC. This is no ordinary GC position, as the San Jose, California company lives and dies by licensing and litigating its patents. Presently, Tessera is suing a slew of companies for patent infringement. In 2007, Tessera brought in $159 million from royalties and licensing. Honolulu Approves Paperless Voting The Honolulu Neighborhood Commission approved a proposal that would make the 2009 neighborhood board elections the first paperless contest in Hawaii. The city Neighborhood Commission approved allowing voters to use the Internet or telephone to select their candidates. Aaron Schulaner, general counsel for the Office of Elections, said the Office of Elections is not looking at online voting because there are security concerns, but they are not saying no to it. |
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