I have 116 lawyers at this firm. They need to feed their families. We see the writing on the wall. If Hillary had won it would be different. You change with the times.
— Stephen Susman, the founding partner of litigation powerhouse firm Susman Godfrey, commenting on some of the reasons why his firm has decided to reduce the amount of contingency-fee work it does in favor of representing oil and gas industry clients on a fixed or hourly fee basis. Susman expects that with Trump in the White House, tort reform and other legislation affecting class-action litigation will negatively impact his firm’s revenues. Net income at Susman Godfrey decreased by 20 percent last year.
Learning After Law School
Once you’ve got your law degree, how do you keep your professional skills up to date? Share your perspective in this brief survey, and you may be eligible to win a $250 gift card.
Staci Zaretsky is an editor at Above the Law. She’d love to hear from you, so feel free to email her with any tips, questions, or comments. You can follow her on Twitter or connect with her on LinkedIn.