Everyone knows that lawyer — the one who brings in substantial business while also billing hours, mentoring associates, meeting clients for lunch, taking their kids to soccer practice and training for a marathon. Here, six rainmakers reveal their tricks for making it work.
After a decade of meager growth in corporate legal spending, companies are projected to add almost $2 billion to the amount they spend on outside counsel in 2018, according to a new survey.
The relationship between law firms and their corporate clients shifted substantially with the onset of the Great Recession in 2007, and a decade later many of those changes appear to be here to stay. Here, Law360 looks at one major way the legal industry has been affected.
The law office has traditionally served as a hub where attorneys work and interact with colleagues and clients, but new technologies, rising real estate costs and an increasing desire for flexible work opportunities are challenging that typical office concept.
Holland & Knight LLP has decided to cut 70 secretarial and administrative positions across its U.S. offices in an effort to eliminate redundancies and inefficiencies.
With signs that lateral hiring is slowing down, law firms are taking care to ensure the attorneys they do lure from other firms are the right fit and committed to helping grow the firm's business.
The California State Bar's Board of Governors has reportedly voted to recommend new rules that would require attorneys to disclose to clients whether they carry malpractice insurance.
Defense law firms that were once wary of taking cases on a contingency-fee basis are becoming more open to payment arrangements that depart from the traditional billable hour as they face added pressure to compete for clients.
Akerman Senterfitt is reportedly close to finalizing a merger with Philadelphia-based WolfBlock LLP, a move that would fall in line with the firm's aggressive growth in recent years outside its native Florida.
Attorneys have always networked, but certain boutique law firms are now organizing in a way that allows them to offer one-stop shopping similar to what large, general practice firms can provide.
In an effort to build a bigger, better financial services firm, Kilpatrick Stockton LLP and Muldoon Murphy & Aguggia LLP have teamed up in a merger that took effect May 7.
Struck by a declining demand for legal work in structured finance, real estate development, private equity and even bankruptcy, some of the country's most prominent firms have resorted to laying off attorneys and staff.
Over the past few years, salaries for first-year associates at the country's top law firms have skyrocketed, as law firms flush with profits jockeyed for position, prestige, and top new talent. But the strain on the broader economy in 2008 may finally spell the end of pay hikes for law firms' most inexperienced associates, at least for now, experts say.
Law firms Kirkpatrick & Lockhart Preston Gates Ellis LLP and Kennedy Covington Lobdell & Hickman LLP have initiated merger talks, which, if successful, will create a 1,700-lawyer firm.
The top 100 U.S. law firms in gross revenue reported record-high profits per partner in 2007, but a smaller percentage of partners reaped the benefits of this growth. Legal industry experts are conflicted over whether trends leading to the decline, such as implementing tiered systems and de-equitizing partners, will ultimately benefit firms.
Salaries for full time in-house general counsels at law firms in the United States has increased by almost $200,000 since 2006, according to a recent survey.
The managing partner of Sutherland Asbill & Brennan has confirmed rumors that the 480-lawyer firm is laying off associates but says the number of lawyers who have been handed pink slips is much less than has been reported on legal blogs.
In the wake of a steady stream of departures, Morrison & Foerster LLP has decided to close the doors of its Orange County, Calif., office after more than two decades of service.
Two workers at the Atlanta office of Paul, Hastings, Janofsky & Walker LLP are dead following a murder-suicide on Friday afternoon outside the skyscraper that houses the firm.
Husch & Eppenberger LLC and Blackwell Sanders LLP announced Thursday that they have sealed the deal to become Husch Blackwell Sanders LLP.
Legal consultants say a faltering economy is not slowing down U.S. law firm mergers, and the number of combinations is holding steady with merger activity from previous years.
With the U.S. economy in a tailspin, outsourcing companies say that law firms and corporations are increasingly seeking to drive down costs by turning to them for document review and other low- to mid-level legal work.
Despite signs of an ailing economy, 17 new law firm mergers took place in the United States during the first quarter of this year, according to a legal management consulting firm.
The results of a recent survey are in, and Latham & Watkins has topped the list of firms that attorneys would most like to work for.