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While law firms fiercely compete to recruit and hire the industry's best and brightest, the strategy of accumulating stars without a strategic plan and simply hoping for the best tend to fail. Despite the staggering amount of money spent on talent (nearly 70 percent of a firm's total expenses), many lateral hires fail to meet firm expectations and are out the door within three to five years.

Southern courts favor physicians in malpractice lawsuits over facial trauma treatment, while courts in the Midwest favor patients, according to a Rutgers study.

U.S. stocks rose on Monday, led by industrial companies, as the United States and China began their latest round of trade talks to hammer out a deal before the looming March deadline.