New York Biglaw Makes Waaaay More Money Than The Rest Of You
When the legal market struggles, these firms still surge.
When the legal market struggles, these firms still surge.
Citi releases its annual survey results, and your industry outlook depends on what kind of firm you are.
Law firms and legal departments are writing the future of the profession in separate rooms. What happens when they actually work together?
The outlook for law firms isn't all gloom and doom, but there are a lot of caveats to even the modestly good news.
What could be causing this upset in the litigation market?
* Paul Walker's daughter, 16-year-old Meadow Walker, filed a wrongful death suit against Porsche, alleging the automaker was negligent and strictly liable because the car her father died in had several design defects, namely that it was too fast, too furious. [CNN] * The jury on the Dewey & LeBoeuf criminal trial is having a really difficult time this week. Yesterday, on the eighth day of deliberations, jury members asked for the definition of the word "deliberation" and clarification on what their jobs were as jurors. [Am Law Daily] * If you'd like to know why Hughes Hubbard likely conducted layoffs last week, then look no further than the commentary of this City Private Bank Law Firm Group analyst. Times have officially changed for litigators at large law firms. [Big Law Business / Bloomberg] * In news that no one should find particularly shocking, Albany Law School has announced an affiliation with the University at Albany. Both schools are struggling with enrollment and hungry for cash, so it's a match made in heaven. [Albany Times Union] * “There are 35,000 museums in the U.S. ... [b]ut the great legal profession hasn’t gotten around to establishing one.” Spoke too soon: Say hello to the American Museum of Tort Law, Ralph Nader's house of personal injury horrors. [Wall Street Journal (sub. req.)]
The Am Law 51-100 firms still have plenty of life left in them.
Explore the mindset, cultural shifts, and training strategies that define the AI‑savvy lawyer, revealing why human judgment, standardized competence, and integrated learning—not technology alone—will shape the future of the profession.
Some firms should be happy, but others should be worried.
Pretty decently, as it turns out.
How are managing partners feeling about the legal business and the economy as a whole?
Quite possibly, according to a recent survey of law firm performance.
With the addition of Uncover’s technology, the litigation software is delivering rapid innovation.
Biglaw is no longer in free fall, but things are still far from fabulous.
How confident are managing partners feeling right now? Not very, according to the latest survey from Citi.
It seems that the year is off to a rocky start. Will things get better over time?
What prompted the question on our part? Here's the evidence....
Not too shabbily. But problems could arise in 2013....