Two international law firms announced last week that they were parting ways with U.K. partners after allegations from more than a year ago were suddenly brought to light, in what could be the start of a longer public re-evaluation of how the legal industry addresses — or fails to address — claims of sexual misconduct within its ranks.
BigLaw’s embrace in recent decades of a top-down management style and ever-looser definitions of what constitutes a true “partner” have emerged as key questions in a handful of pay and gender discrimination cases brought by female lawyers, and the answer could decide the scope of such suits and whether they end up in arbitration.
Law firm revenue was up 4.5 percent in 2017, matching the biggest uptick the legal industry has seen in the past decade, according to a report released Wednesday by Citi Private Bank’s law firm group, which attributed the success to increases in law firm rates and demand.
What one Norton Rose Fulbright partner learned about how to be a better lawyer by taking an "adult timeout" from his busy ERISA practice and learning to embrace his sense of adventure.
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.
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.
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.
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.
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.
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.
With Australia already allowing publicly traded law firms and the U.K. expected to follow suit, many legal experts believe it is only a matter of time before the U.S. sees its first initial public offering for a law firm.
Despite a downturn in the U.S. economy, attorneys believe staffing levels at firms and corporate legal departments will stay the same or increase in the next year, according to a new survey developed by legal staffing agency Robert Half Legal.
The number of international law firms with a presence in Dubai has taken off, with at least 10 U.S. firms and even more U.K. firms opening up offices there in the last few years alone. But many attorneys say the rapid pace of expansion is about to plateau and that not every firm will survive.
Worried about the high cost and inconvenience of holding arbitrations in traditional centers like London and Paris, more Asian parties are staying closer to home to settle disputes, according to attorneys around the world.
As the value of the dollar declines, U.S. law firms have become much more price-competitive with European and Asian firms on international deal-making work, lawyers say. But U.S. firms also may be having a slightly harder time recruiting because some foreign lawyers don't want to be paid in dollars.
The U.S. Supreme Court’s decision on Tuesday that arbitration awards should receive limited review by courts under federal law has drawn concerns from some lawyers that the restricted scope would deter companies from arbitrating disputes while it has been touted by others as preserving the arbitration process.
O'Melveny & Myers LLP's recent retirement buyout package offer to partners as young as 50 years old spotlights the issue of employers' efforts to boost profits and avoid discrimination lawsuits by coaxing older workers to leave voluntarily.
While unionizing efforts by public defenders and district attorney staffs are fairly common, few private attorneys have taken the same leap. Although it's possible to overcome the obstacles to organizing, legal experts say there are plenty of good reasons why more lawyers don't.