The 2018 law school commencement season is underway, and keynote speakers at academic institutions across the country have sought to impart lasting advice to new grads. Here, five high-profile lawyers, including Preet Bharara, Rod Rosenstein and Anita Hill, shared their advice for improving local communities and the world, guidance which even seasoned attorneys may be able to apply to their own careers.
Law firms currently lag behind much of the corporate world when it comes to using psychology to price the services they sell, and in doing so firms may be missing out on a good deal of potential revenue, according to a speaker at the Legal Marketing Association’s P3 conference in Chicago Tuesday.
A recent lawsuit against Morrison & Foerster alleging discrimination against women who have children illuminates a question looming over the legal industry: Are law firms truly welcoming to mothers, or are their parental leave policies merely lip service?
The American Bar Association on Friday released survey data on the nationwide population of lawyers indicating a 10-year trend of moderate year-to-year increases since 2008 that amount to a 15.2 percent increase over the last decade.
As Clifford Chance LLP holds a vote on cutting back on the size and shape of its partnership, other firms are likely to take stock of their own partnership structures as they continue to grapple with navigating through a seemingly endless economic storm, according to legal experts.
Though every day seems to bring news of firm layoffs, attorneys in bankruptcy, white collar crime, executive compensation and a few other practice areas should stay busy, and some may even see a spike in work opportunities.
Sen. Chuck Grassley, R-Iowa, has proposed amendments to the Federal Rules of Civil Procedure that would require judges to impose sanctions for any lawsuit they deem frivolous, instead of leaving sanctions to the court's discretion.
The code of conduct for federal judges has been substantially revised for the first time since 1992 to clarify and define a number of ethical restrictions, including a duty for judges to keep political and financial influences out of their decisions.
In a break from the policies of the previous administration, President Obama has asked the American Bar Association to resume its role in evaluating the qualifications of candidates for federal judiciary positions prior to their formal nominations.
A California law center is pushing law firms to start reducing hours rather than continuing to engage in the massive layoffs that have marred the last year, arguing that cutting back on hours makes more sense economically than letting dozens of associates go.
While attorneys with a stable of clients may enjoy the highest degree of job security in these uncertain times, lawyers who haven't been savvy about building a book of business can still attract new clients, consultants say.
In an effort to “weed out” low-performing partners, Dewey & LeBoeuf LLP has reportedly cut compensation for around one-fifth of its partners by as much as 80 percent in the past 15 months. Legal experts told Law360 that in this unprecedented economic climate, the practice could become more common.
The Chapter 7 trustee overseeing the estate of liquidated law firm Brobeck Phleger & Harrison LLP has sued several former partners in an effort to protect any claims the estate may have to profits the partners allegedly made when they left to work at Heller Ehrman LLP, which is now in the middle of its own Chapter 11 proceedings.
Citing a difficult economic climate and a decline in work flow, Baker & McKenzie LLP plans to initiate a formal redundancy consultation review at its London office later this month that seeks to eliminate between 60 and 85 jobs.
Massive legal-industry layoffs continued Thursday, with Sidley Austin LLP reportedly axing 89 associates and 140 staff members and with at least three other firms — Blank Rome LLP, Baker Botts LLP and Gardere Wynne Sewell LLP — also making cuts.
With money tight and fears high, some clients are cracking down on potential billing abuse by looking to auditors for help – creating a contentious set-up that could backfire on clients and cost law firms some jobs, according to legal experts.
Responding to the report that DLA Piper's United Kingdom offices have recently shed 7 to 8 percent of their partnership, a prominent New York legal consultant said that cutting deadweight at the highest levels could help firms stay afloat amid the recession.
A new analysis from the University of Denver has found that 35 percent of civil cases aren't resolved within a year, determining that dragged-out discovery periods and last-minute requests for additional discovery could be contributing to the delays.
As the strained credit landscape forces firms to raise capital through increased partner contributions, nonequity positions may become more attractive to partners considering lateral moves, industry experts say.
Layoffs in the legal industry continued to mount Tuesday, with rumors swirling of fresh rounds of firings at Paul Hastings Janofsky & Walker LLP, Venable LLP, Chadbourne & Parke LLP and Blank Rome LLP.
President Obama has ordered executive officials to consult with Attorney General Eric H. Holder Jr. before relying on signing statements used by former President Bush to bypass statutes, saying the directive will ensure that the statements are reasoned on constitutional grounds.
Latham & Watkins LLP's decision last week to cut lawyer staffing levels deeply and decisively appears to have reverberated across the top tier of law firms, with several firms now cutting staffing much closer to the bone than earlier, more tentative moves.
Citing pressure from Citigroup NA, two men tasked with dissolving Thacher Proffitt & Wood LLP say they are hitting up a number of former first-year associates for advances paid out for bar preparation exams and other expenses prior to the firm's collapse.
Two lawmakers have introduced legislation in the U.S. Senate that would require courts to weigh public health and safety against secrecy concerns before sealing certain information included in litigation settlements.