Profits
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Biglaw, Layoffs, Partner Issues, Partner Profits, Secretaries / Administrative Assistants, Staff Layoffs
Staff Layoff Watch: Bingham McCutchen Makes Cuts
Are staff layoffs at large law firms on the upswing? Bingham McCutchen just announced some cuts. How many individuals were affected, and what was the rationale for the reductions? -
Biglaw, Dewey & LeBoeuf, King & Spalding, Lateral Moves, Money, Partner Issues, Partner Profits
Where's LeBoeuf? An Update on Doings at Dewey
What's going down at Dewey? Some claim the firm is experiencing financial difficulties, and there have been some partner departures and reports of associate layoffs. But Dewey claims that it's really just business as usual over there. Let's tackle the question: Where's Le Boeuf? - 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… -
Biglaw, Bonuses, Money, Partner Issues, Partner Profits
Spring Bonuses? Anybody? The Silence Isn't Funny Anymore.
Last year, Sullivan & Cromwell announced spring bonuses on January 21st. Today is February 3rd. It might be time to panic. The conceit of this entire bonus season has been that the ridiculously low bonuses bar set by Cravath, Swaine & Moore was just an opening figure. People really didn't expect that Cravath would halve bonuses. Because really, it's CSM. They can count. Their profits went up. Why would they pay out 50% less than last year? Well, we guess the answer "because they can" is going to have to be enough for Biglaw associates everywhere....
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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.... -
Biglaw, Billable Hours, Bonuses, Money, Partner Profits
You Want Your Bonus? We Want Your Time Sheets.
As we all know from the law-and-economics reasoning that was taught to us in law school, people -- yes, this includes lawyers -- respond to incentives. At one leading law firm, bonus anxiety is being shrewdly harnessed in service of collections efforts. CHECK YOU TIME SHEETS.... -
Biglaw, Ho-Love, Hogan & Hartson, Lovells, Partner Issues, Partner Profits, Rankings
The Biggest Law Firms in the World: Meet the Global 100
Say hello to the Global 100 for 2011. This is the American Lawyer's list of the world's 100 largest law firms, ranked by total revenue. Lawyers are a competitive lot. So you're probably less interested in the overall figures than in how different firms fared in the rankings.... -
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, Musical Chairs, Partner Issues, Partner Profits
What's Going On At O'Melveny & Myers?
Last month, we broke the news of seven key corporate partners leaving O’Melveny & Myers to join Paul Weiss. Shortly thereafter, we learned that two other prominent partners were leaving O’Melveny to join Weil Gotshal. Of course, partners come and partners go at large law firms — but some of these nine were major rainmakers […] - Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms. -
Biglaw, Outsourcing
Outsourcing: It's Not Just About the Money
It’s been a while since we checked in with the coming junior associate apocalypse that is legal outsourcing. Rest assured, LPOs around the globe are working hard to make sure that the Biglaw junior associate becomes extinct — at least as we know it. There’s a fascinating article on Law21 that discusses the evolution of […] -
Biglaw, Partner Issues, Partner Profits, Rankings, Williams & Connolly
The Am Law 100 for 2010: 'It Could Have Been Worse'
Today is an exciting day. As we noted earlier, the Am Law 100 rankings for 2010 have been announced. This is a big deal — the Biglaw version of the U.S. News law school rankings. You can access the various charts via this portal page. Aric Press and Greg Mulligan summarize the results: It could […] -
Biglaw, Layoffs, Partner Issues, Partner Profits, Television, Videos
2009: It Was the Best of Times, It Was the Worst of Times(Or: Elie critiques capitalism -- on Fox Business News.)
Although our colleague Elie Mystal is on vacation this week, he took some time today to sit down with Fox Business News, where he discussed how some large law firms enjoyed record profits in 2009 — thanks, in part, to record layoffs. An added bonus: he offered weight loss advice! No donuts involved. Check out […]
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Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so…
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In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm.