Frustrated with firms' inability to manage costs, 13 percent of companies opted to dump their outside counsel, according to the 2010 Fulbright & Jaworski LLP Litigation Trends Survey.
More than half of corporate counsel surveyed in a recent report indicated that they used some form of alternative billing for their legal work. But the question of whether less-traditional billing methods will continue to spread is still up in the air, according to the 2010 Fulbright & Jaworski LLP Litigation Trends Survey.
While the broader U.S. economy shed jobs for yet another month, the legal industry continued to rebound, according to the most recent Bureau of Labor Statistics survey on the job market.
Almost one-third of lawyers plan to add legal jobs in the fourth quarter of 2010, while just 6 percent plan to cut positions, according to a survey by staffing firm Robert Half Legal.
A new Temple University study has found that women at all levels within top law firms are compensated less than their male counterparts because of pervasive discriminatory practices and standards, not lower productivity.
While pay for first-year associates at large law firms in legal hotspots has held steady since 2009, the prevailing $160,000 starting salary for first-years has eroded in some cities, a new report shows.
A new review by the Citi Private Bank Law Firm Group found that law firms cut expenses significantly during the first half of 2010 and that they now need to focus on boosting top-line revenue growth by distinguishing themselves from their competitors.
Law firms have raised the rates of their associates over the last few years at a higher percentage than those of their paralegals or partners, according to a new report on legal billing rates.
In a new report, corporate counsel share three major sources of frustration with law firms, who despite showing a willingness to make changes will need to get a better sense of the client's priorities if they are to bring their services in line with client needs.
When it comes to winning business in a market where legal spending remains largely flat, savvy law firms know the way to win new clients is by keeping existing clients happy. And there's one firm above all that's making corporate counsel smile and is poised to win work through client recommendations in the upcoming year, according to a new report.
When in-house counsel look across a courtroom, there are a few firms that they don't want to ever see as opponents, a new survey has found.
Law firms angling to become a client's primary litigation firm — the one that does the bulk of that company's litigation work — need more than just outstanding legal skills; they need to offer top-notch client service too, a new report shows.
After two months of growth in activity, lateral movement in the legal industry cooled off in July, dropping 18 percent compared to June.
The recession has taken its toll on the pocketbooks of the U.S.' best-paid corporate general counsel and in-house attorneys, particularly in the realm of traditional cash bonuses, which dropped on average 37 percent, according to a recent survey.
Although environmental and employment litigation jumped between the second quarter of 2009 and the same period this year, the overall number of new filings held steady, leaving observers waiting for growth that would signal a return to prerecession levels of legal work.
Law firms are increasingly looking to merge with their international peers in 2010, with three such deals taking place in the second quarter of this year, according to a recent analysis.
The salary gap between male and female partners may be a result of fundamental biases in law firms' compensation practices — not a reflection of women's family obligations, according to a new survey of female partners.
The majority of law firm leaders believe nonhourly billing will stick around even after the market fully recovers from the recession, and they don't expect billing changes to hurt profitability, according to a new survey.
Despite the shaky economy, about 30 percent of in-house legal professionals received a bonus in the past 12 months that was higher than the one they received the year prior, according to a new survey.
The legal sector added 300 jobs in May after shedding hundreds the previous month, according to the U.S. Bureau of Labor Statistics' monthly jobs report.