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.
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.
A General Electric Co. unit's recent move to arbitrate simple commercial disputes online signals burgeoning support in the legal world to move certain battles to cyberspace to slash legal costs, experts say.
Sheppard Mullin Richter & Hampton LLP will open an office in Seoul in the first quarter of 2012, it said Wednesday, following the recent ratification of the free trade agreement between the U.S. and South Korea.
Arnold & Porter LLP will merge with San Francisco's Howard Rice Nemerovski Canady Falk & Rabkin PC on Jan. 1, creating a firm of more than 800 lawyers and boosting Arnold & Porter's California presence, the firms announced Tuesday.
Shearman & Sterling LLP confirmed Tuesday that it would be doling out $37,500 year-end bonuses to seventh-year and above associates, becoming the latest firm to match a benchmark set by Cravath Swaine & Moore LLP.
St. Louis-based Bryan Cave LLP and Holme Roberts & Owen LLP will merge their practices, expanding Bryan Cave's reach in the Western U.S. and in energy, natural resources and sports law, the firms said Tuesday.
U.S. Senate Republicans on Tuesday blocked President Barack Obama's nomination of former Weil Gotshal & Manges LLP lawyer Caitlin Halligan to a seat on the D.C. Circuit, the second federal appeals court nominee they've stonewalled this year.
The U.S. Supreme Court should not be forced to televise oral arguments, attorneys and a Third Circuit judge opposing a new bill aimed at putting cameras in the high court told the U.S. Senate Judiciary Committee on Tuesday.
Proskauer Rose LLP is the latest to match Cravath Swaine & Moore LLP’s $37,500 year-end associate bonuses for its seven-year veterans, the firm confirmed Monday.
Kilpatrick Townsend & Stockton LLP will join forces with the Hani Qurashi Law Firm to serve clients in Saudi Arabia as well as multinational clients who conduct business in the Middle Eastern hub, the firm announced Monday.
The American Bar Association's Commission on Ethics 20/20 asked for comments Friday on a discussion draft of a proposed change to the Model Rules of Professional Conduct that would allow nonlawyers to have ownership interests in law firms.
Milbank Tweed Hadley & McCloy LLP confirmed Thursday that it will join the parade of law firms handing out year-end associate bonuses, at levels matching the other firms.
Jones Day hopes the absence of an LLP at the end of its name is explicit to clients. That's because the firm self-identifies so strongly as a simple partnership that it doesn't compensate attorneys based on the business they bring in, instead focusing solely on finding the best attorney to solve each client's problem as efficiently as possible. It also rarely loses business, and it is preferred far and away by in-house attorneys for client service, according to a new survey.