Great Recession
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American Bar Association / ABA, Associate Bonus Watch 2011, Bloomberg, Bonuses, Job Searches, Law Schools, Partner Issues, Partner Profits, Unemployment, Videos, YouTube
Is the Legal Recession Finally Ending?
At the start of this new year, what is the outlook like for legal employment? There's certainly a fair amount of bad news out there, particularly for recent law school graduates. But what about for denizens of Biglaw, the lawyers fortunate (or unfortunate) enough to work at the nation's largest law firms? What does 2012 hold for them? Earlier this month, Elie made some predictions for the legal profession. Lat will follow in his footsteps and venture some prophecies of his own for the year.... -
Law Professors, Law Schools, Quote of the Day
Quote of the Day: It's the End of the World as We Know It
The jolt to the legal profession is real, and the world is not going back to the way it was. — Thomas D. Morgan, professor of law at George Washington University Law School, commenting on the state of legal education during a plenary session at the annual meeting of the Association of American Law Schools. […] - Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get… -
Feminism, Gender, Small Law Firms, Women's Issues
Size Matters: Them Lazy Broads?
Are women working in small law firms lazy bums? Survey results say that they might be, but columnist Valerie Katz doesn't agree with that assessment....
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American Bar Association / ABA, Law Schools, National Association for Law Placement (NALP), Unemployment
The ABA Focuses on Losing the 'Lost Generation,' One Statistic at a Time
Back in June, it became clear that the class of 2010 had some of the worst employment outcomes of the last 20 years. We knew this because of the way NALP categorized its data, differentiating between jobs that require and don't require bar passage, and between full-time and part-time jobs. But apparently the American Bar Association isn't interested in helping people understand these outcomes on a school-by-school basis. The ABA doesn't want you to know how schools fared in finding full-time legal employment for graduates of the class of 2010.... -
Biglaw, Caption Contests, Contests, Law Schools, Pictures
Caption Contest: What Can You Do With a Fordham Law Degree?
Week in, and week out, without fail, we write about the state of the legal economy. Sometimes we have good news about employment prospects for law school graduates, but the reality of the situation is that things are probably going to get worse before they get better. And these days, apparently you can run into career trouble even if you go to a top-tier law school in a major city. Here's the photo for out latest caption contest.... -
Biglaw, Job Searches, No Offers, Parties, Quote of the Day, Summer Associates
Quote of the Day: For The Times They Are A-Changin'
Before the recession, summer associates didn't have to work so hard for their offers. They were more interested in partying. Now, it is the work that counts, and the partying is just an added bonus.... -
Biglaw, Edwards Angell Palmer & Dodge, Law Firm Mergers, Law Firm Names, Mergers and Acquisitions, Partner Issues, Partner Profits, Wildman Harrold
Law Firm Merger Mania: Edwards Angell Merges With Wildman Harrold
What results from the coupling of an angel and a wild man? One might think: angel + wild man = air traffic nightmare. In the law firm context, however, the result is quite different. Edwards Angell is merging with Wildman Harrold, to form Edwards Wildman Palmer. What else do we know about Edwards Wildman Palmer? And what might be motivating this merger? -
Biglaw, Layoffs, Money, Reader Polls, Staff Layoffs, Wall Street
Are We Entering a Double-Dip Recession? If So, What Should We Do?
On Monday, the stock market experienced its biggest drop since 2008. What's frightening about the latest economic turmoil is that it comes on the heels of a brutal recession that the U.S. economy has not yet fully recovered from. Are we entering the second dip of a double-dip recession? If so, what does that mean for law firms and lawyers? - Sponsored
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm. -
Biglaw, Fabulosity, Parties, Summer Associates
ATL Summer Associate Event Contest: The Finalists
This summer is not as thrilling for law students as summers past. Firms have tightened their belts, and the law students lucky enough to snag one of the few summer associate positions out there are not getting the royal treatment. Or they are, but now the royal treatment is defined as allowing summers to order […] -
Contract Attorneys, Document Review, In-House Counsel
The Rise of the Contract Attorney
The recession has forced Biglaw firms to lay off some of the best and the brightest in the legal field. Many of these Biglaw refugees have wound up seeking out contract work (despite the long-term risks), and that means the pool of contract attorneys is mighty pretty right now. In-house legal departments have noticed and […]
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The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms.
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Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm.
Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get…