Big cities with booming businesses have always been a draw for corporate law firms, but a few emerging markets provide plenty of opportunities for firms seeking to expand in 2016. Here is a look at the top five places where law firms can get ahead of the curve and expand their profit margin.
For many BigLaw associates, instinct says to use every available moment to burrow through the latest pile of work. But that survival impulse can be counterproductive if it means shutting out connection-making opportunities or bringing on early burnout, experts say. So go ahead, frazzled BigLaw associate, and take that lunch.
When it comes to putting in resignation letters and saying goodbyes, experts say most experienced lawyers do a passable-to-good job of pulling off gracious exits with minimum professional bridge burning, even when the breakups are anything but mutual. But some in this hot lateral market could use some help in getting away from their firms with their reputations intact. Here, Law360 looks at five tips for a smooth resignation.
More than 60 lawyers have been recognized by corporate counsel for cracking the code of client satisfaction and standing out among their peers for at least two years straight.
Though some BigLaw firms are adding workplace flexibility programs that allow attorneys to work from home or reduce their hours, experts say slow adoption rates won't improve until firms tackle fears that participants will be stigmatized as not-as-serious about their careers and denied opportunities to advance.
A former Bryan Cave LLP attorney admitted in Missouri federal court on Wednesday that he threatened to kill a former co-worker at the firm during a 2013 phone call, according to court filings and news reports.
Blockchain, perhaps better known as the technology behind bitcoin, is being heralded as the latest game-changer for the legal industry. Here are four key points lawyers should know about the latest advancements and what this burgeoning area may have in store for the industry at large.
Leaving a behemoth firm can be a scary proposition for attorneys who have been dreaming of BigLaw since that first frenzied 1L exam. But lawyers who have made the move say if you’re spending more time feeling stifled than practicing law, it may be time to go. Here are five reasons why a boutique may be for you.
Although law firm income is up across the pond, a survey of English and Welsh law firms also found that a quarter of firms reported that partners took more money from their firms than they made up for in profits, compared to one-fifth last year.
Quinn Emanuel Urquhart & Sullivan LLP’s U.K. revenue soared 40 percent in 2015 over the year before, and Fenwick & West LLP and Steptoe & Johnson LLP both saw revenue increases as well, although not by as large a margin.
Major U.S. law firms offer flexible work hour options such as telecommuting and shorter in-office days to employees, but few attorneys take them up on it, and most of those who do are women, according to a survey released Monday.
Neglect clients in private practice and you’ll lose business; neglect clients in-house and you’ll lose your job. While you may think of client service as the domain of law firms, it matters just as much in a law department. Here’s how to treat internal clients right and build lasting relationships within your company.
The American Bar Association’s policymaking body on Monday approved a resolution urging all states and jurisdictions to expeditiously adopt the uniform bar examination, which allows applicants to transfer their scores to other jurisdictions that also offer the test.
Evidence that a former Fox Rothschild LLP partner violated internal policies by buying and selling stock of a publicly held client likely helped sway Pennsylvania federal jurors on Friday as they found him guilty for trading ahead of an insurance industry merger the firm helped handle.
Holland & Knight LLP, Venable LLP and Akin Gump Strauss Hauer & Feld LLP have defied analysts’ expectations, each posting revenue growth of more than 7 percent in 2015, and Norton Rose Fulbright LLP revealed flat revenue during its 2014-2015 financial year on Monday.
The American Bar Association’s House of Delegates resolved some “rigorous debate” Monday surrounding the proliferation of nonlawyers doling out basic legal advice, and agreed on guidelines for states as they proceed with regulating the growing industry.
The Kaye Scholer LLP partner charged with securities fraud alongside pharma bad boy Martin Shkreli has enlisted a Gibson Dunn partner who was the lead prosecutor in Rajat Gupta’s insider trading trial and who also helped convict hedge fund boss Raj Rajaratnam, according to New York federal court documents.
The American Bar Association on Sunday tapped Miami litigator and Greenberg Traurig LLP co-president Hilarie Bass as its nominee to head the organization in 2017 with an all-women leadership team.
The New York State Senate on Monday confirmed a Kirkland & Ellis LLP partner who focuses on government investigations, antitrust, international trade and national security — and whose investigation into former Gov. Eliot Spitzer's prostitution scandal led to his resignation — to the state’s highest court.
The U.S. Senate on Monday unanimously confirmed Iowa state Judge Rebecca Goodgame Ebinger to the state’s federal bench, the fourth of five nominees scheduled to receive a vote in early 2016.
A merger or acquisition can involve so many moving parts that immigration considerations often get lost in the shuffle. But attorneys say a change in ownership can raise a host of worker eligibility issues that may benefit from early attention. Here’s what general counsels need to know.
Kirkland & Ellis LLP has given its first-year associates in London a £3,000 pay increase, making it one of only a few law firms paying new lawyers in the city £100,000 or more per year and dwarfing the average salary at many U.K.-based firms, the firm confirmed Monday.
Gross revenue at New York City’s oldest law firm, Cadwalader Wickersham & Taft LLP, fell 3.7 percent in 2015 to $463.5 million, largely prompted by a slowdown in litigation work, the firm said on Monday.
Gov. Jack Markell on Monday tapped former Delaware Superior Court Judge Joseph R. Slights III, now a partner at Morris James LLP, for the soon-to-be-vacated seat on the state's highly respected Chancery Court, choosing a jurist with a dozen years of bench experience for the post.
Analyzing the reasons why clients choose certain firms reveals a great deal about what is important and valued in the marketplace. Based on interviews with a random sample of over 600 heads of legal in the largest U.S. organizations, Elizabeth Duffy, vice president of Acritas US Inc., identifies the core brand drivers of Skadden Arps Slate Meagher & Flom LLP.
In a recent Law360 article it was suggested that promotion to partner was a competition between associates and that taking maternity, paternity or family medical leave could impact an associate's chances at promotion. But this sort of ethos — which may have contributed to law firms’ success in the past — is not the best way to secure the industry's future, says Daniel Butcher, managing partner of Strasburger & Price LLP.
Today’s lawyers might be surprised to find that the teachings of Cicero remain relevant to modern practice. In recognition of the ancient Roman orator's birthday this month, Skiermont Derby LLP attorney Eliot Walker offers three practice points for lawyers and politicians plucked from Cicero’s seminal dialogue on rhetoric.
When executed properly, an efficient new business intake process can drive growth, minimize risk, and ensure new clients support a law firm’s business and financial objectives. But determining how to streamline the NBI process is easier said than done, says Terrence Coan, leader of HBR Consulting LLC's information governance and risk management practice.
New research paints an interesting picture of the attributes that facilitate the success of best-in-class general counsel. For one, best-in-class general counsel are 36 percent more likely to cut through bureaucracy. This is an astounding finding given that GCs are generally seen as the greatest champions of rules and regulations, say Cynthia Dow and Melissa Swift of Russell Reynolds Associates.
Collaboration is both commonplace and highly valued among legal professionals, yet the tools and methods that teams use to perform case analysis and deposition preparation can be frustratingly primitive. That’s one of the key findings of a recent litigation practices survey of 650 U.S. legal professionals, according to Clare Foley of Opus 2 International Inc.
Lawyers may be offended that the product of their craft is not appreciated by the general population, but should they be offended if they draft their documents in a language other than modern English? Martin Schwartz of Bilzin Sumberg Baena Price & Axelrod LLP describes some common legalisms that make it difficult, if not impossible, for an ordinary English speaker to glean the substance of a legal document.
While the years following the Great Recession have been challenging, many law firms have emerged stronger than ever. What do these firms all have in common? Strong leadership, smart strategy and a willingness to embrace change. Here are 12 ways in which BigLaw will continue changing in 2016, according to Jeffrey Lowe, global leader of Major Lindsey & Africa LLC's law firm practice.
In many circumstances, you have an obligation to take reasonable steps to ensure that the lawyers you work with, especially those you manage, follow the rules. Following six basic rules will give you the peace of mind that you are abiding by the rules of ethics, and will make you a superior supervising attorney, say Debra Squires-Lee and Christopher Blazejewski of Sherin and Lodgen LLP.
To an extent, the qui tam provisions under the False Claims Act have privatized the enforcement of law, creating an opportunity for increasing involvement of alternative litigation finance. Law firms, particularly those specializing in contingency work for whistleblowers, can benefit significantly, says Dr. Donald Vinson, chairman and CEO of Vinson Litigation Finance.