Yikes! Biglaw Firms Are Having A Rough Go Of It When It Comes To Collections
Please, won't clients think of the struggling Biglaw firms?
Am Law 100 Biglaw Firm Gets Ready To Screw Associates On Salary
Associates will be crossing their fingers for a decent salary.
Gen AI: Your Legal Research Assistant, Not Your Replacement
Here's how you can spend more time practicing law, and less time sorting, sifting, and summarizing.
Biglaw Partners Are Trying To Collect Client Cash Before Year’s End, Not Getting Far
Eek. Is this why bonuses are a little delayed this year?
Morning Docket: 12.21.18
* In completely unshocking news, despite advice from ethics officials, Acting Attorney General and former Tight End Matthew Whitaker has refused to recuse himself from oversight of special counsel Robert Mueller's Russian election interference probe. [USA Today] * Corporate clients are trying to control their spending, and that means more and more Biglaw firms are having trouble collecting on their year-end bills, such that "on average [a firm] can lose 20 percent of its original billing amount." [Big Law Business] * First-year law student enrollment increased by 3 percent this year, and two New Jersey schools played a really big role. Rutgers Law increased its 1Ls by 17.87 percent and Seton Hall Law increased its 1Ls by 24.87 percent. [New Jersey Law Journal] * Another day, another law school that's willing to accept the GRE for admissions. Starting this fall, the University at Buffalo School of Law will accept the alternative test in place of the LSAT to "eliminat[e] barriers to access to education." [UB Now] * In case you missed it, earlier this week, Nick Wilson, a public defender, won the latest season of Survivor. Now the 2013 graduate of Alabama Law has $1 million to pay off his loans after becoming the Sole Survivor. Congratulations! [Kentucky Today]
Lawyers Should Not Be Empathetic When It Comes To Collecting Fees
And three tips for when clients ask them to give you a break.
Getting Paid In SmallLaw
What about asking clients for outstanding fees? It requires some tap dancing.
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2013 Law Firm Performance: An Answer And A Question
Why are law firms hiring more lawyers during a time of weak demand, and what overlooked aspect of 2012 law firm performance could affect results in 2013?
Buying In: The Biglaw Collection Machine
At year’s end, partners are recruited and expected to give their all to collecting cash from clients. How bad does it get? Pretty bad....
The Two Faces of K&L Gates
The end of the year was a pretty interesting time for partners at K&L Gates. Our sources report that right before the close of the year, the partners received a blistering message from Peter Kalis, the managing partner of the firm. Just 24 hours later, K&L Gates partners received an email from Kalis that was […]
Simpson Thacher Threatens to Withhold Salary For Delinquent Time Keepers
If you talk to law firm partners who are in charge of collecting fees, they’ll tell you that getting clients to pay has become a real hassle ever since the recession started. Clients are trying to make their books look as palatable as possible, and if that means avoiding or delaying payments to their lawyers, […]
The Hidden Threat: How Fake Identities used by Remote Employees Put Your Business at Risk—and How to Defend Against This
Based on our experience in recent client matters, we have seen an escalating threat posed by the Democratic People’s Republic of Korea (DPRK) information technology (IT) workers engaging in sophisticated schemes to evade US and UN sanctions, steal intellectual property from US companies, and/or inject ransomware into company IT environments, in support of enhancing North Korea’s illicit weapons program.