Gaining prestige may be one of the more challenging tasks that law firms take on, but there are a number of tactics firms can use that hold the potential to transform their image from ordinary to elite. Here, experts highlight four ways law firms can pump up their prestige.
Classes on blockchain and artificial intelligence. Crash courses in business and financial markets. These are a few ways law schools are preparing students for a job market that is struggling in the wake of the recession.
Caught in a whirlwind of firm dissolutions and layoffs, thousands of associates were thrust into one of the worst job markets in history a decade ago. While some have rebounded, others are still feeling the lingering effects of the financial crisis on their careers.
For starting attorneys, the financial crisis casts a long shadow, even though the worst is past. Here’s our breakdown of the data showing its impact and where the industry’s headed.
President Barack Obama on Friday nominated Judge John Thomas Fowlkes Jr. and Gibbons PC director Kevin McNulty to serve on the U.S. District Court.
Sidley Austin LLP is matching the scale set by Cravath Swaine & Moore LLP for year-end associate bonuses rather than a higher range that competitors such as Sullivan & Cromwell LLP have announced, according to a Friday report.
Littler Mendelson PC will join with a group of Mexican attorneys to open two new offices in Mexico next year, expanding the employment firm's international presence, the firm announced Thursday.
Top Australian law firm Mallesons Stephen Jaques will merge with China's largest firm King & Wood to create a new Asian legal powerhouse based in Hong Kong called King & Wood Mallesons, the Australian firm announced Thursday.
In response to rival firms topping its year-end bonus payout for its most senior associates, Weil Gotshal & Manges LLP told Law360 on Thursday that it will bump bonuses for eighth-year associates and above to up to $42,500, matching the scale established by competitors.
Clifford Chance LLP confirmed Wednesday that it would hand out $42,500 year-end bonuses to eighth-year associates and above, matching the new scale established by rival firms last week.
Washington-based energy and environmental law firm Van Ness Feldman will combine forces with Seattle-based real estate litigation firm GordonDerr LLP, the firms announced Wednesday.
Holland & Knight LLP's lobbying division will stop tracking billable hours for fixed-fee clients starting in January 2012, making it the largest national practice of its kind to make such a move, the firm said Wednesday.
Simpson Thacher & Bartlett LLP will open an office in Seoul in 2012, the firm announced Tuesday, on the heels of a recently approved free trade agreement between the U.S. and South Korea.
Associates at Susman Godfrey LLP have received year-end bonuses of up to $110,000 while Cadwalader Wickersham & Taft LLP will match the new scale established last week by rival firms and shell out $42,500 bonuses to its most senior associates, the firms said Tuesday.
A U.S. House of Representatives subpanel on Tuesday questioned a General Electric Co. lawyer and other attorneys on discovery costs and benefits amid potential rule changes to tackle concerns over the supposed burdens of preserving electronic evidence.
Cooley LLP is now a full-fledged international law firm after opening its first non-U.S. office, in Shanghai, the firm announced Tuesday.
Law firms may find outsourcing their legal work is the cheaper route to take in 2012, with legal process outsourcing evolving and attracting more professionals in the industry, according to a new Fronterion LLC report.
After scooping up a seven-partner team from Parker Poe Adams & Bernstein LLP, K&L Gates LLP has opened an office in Charleston, S.C., its 24th office in the U.S. and 40th location worldwide, the firm said Monday.
Paul Weiss Rifkind Wharton & Garrison LLP and Davis Polk & Wardwell LLP will hand out $42,500 year-end bonuses to eighth-year associates and above, making them the latest to enlarge the scale set by Cravath Swaine & Moore LLP, according to news reports Monday.
Four law firms will hand out $42,500 year-end bonuses to eighth-year associates and above, extending the bonus scale first established by Cravath Swaine & Moore LLP and matched by several other firms, according to news reports this week.
The Human Rights Campaign on Thursday docked Foley & Lardner LLP points on its 2012 Corporate Equality Index — which rates companies based on their policies toward lesbian, gay, bisexual and transgender employees — thanks to the firm's representation of groups that oppose same-sex marriage.
U.K.-based law firm Linklaters LLP is preparing to significantly "restructure" its partnership, with as many as 35 partners, or 8 percent of the firm's total equity partners, that could be departing, according to Thursday news reports.
New York law firm Hughes Hubbard & Reed LLP will open a Kansas City, Mo., office in 2012 with product liability attorneys from Kansas City-based Shook Hardy & Bacon LLP in a bid to expand its national litigation practice, the company confirmed Thursday.
Greenberg Traurig LLP will open a new office in Israel in early 2012, the first international law firm to have a full-time office servicing a wide range of commercial industries and business matters in the country, Greenberg announced Tuesday.