Nallengara Appointed Acting Director of SEC Corporation Finance

Last week, on her first day as new SEC Chair, Elisse B. Walter named Lona Nallengara as Acting Director of the Division of Corporation Finance, to replace Meredith Cross who announced earlier this month that she’s returning to private law practice at year end. Mr. Nallengara is an SEC staffer, a top deputy of Cross’ ...

Real Change For Law Schools?

Yesterday, the New York Times covered a major change in NYU Law School’s approach to the third year of law school. I have written about this, most recently about a year ago (see http://www.reversemergerblog.com/2011/11/22/small-digression-law-schools-time-for-change/). I have pushed for converting the last year of law school into more practical training. It appears NYU is joining several ...

Law Firm Revenues Drop Big

ALM Legal Intelligence is reporting that across the US law firms overall have seen their biggest decline in revenues per lawyer (RPL) in 2011 since they started tracking information in 1985. Larger firms took the biggest hits, going down as much as 10%. Smaller firms under 75 lawyers, however, actually saw increased revenues. This followed ...

M&A Remains in Doldrums

The New York Times reports today that the first half of 2012 has been pretty dismal in mergers and acquisitions. Total dollar volume is down almost 22% from the same period last year, and the number of deals is down 17%. Oil and gas was the busiest sector but was also down 5% from last ...

Barely Half of 2011 Law Grads Have Full Time Jobs

Get ready gang. I’m starting to expand the coverage of this humble blog beyond just IPO alternatives, the economy and the smallcap markets. We will be talking more about things like Wall Street in general, the legal industry, entrepreneurship (the subject of my next book which I’m writing) and other things of interest to both my ...