Law firms may need to rethink the way they interview and hire to reverse the steady tide of attorneys jumping ship in today’s highly active lateral market. Here are two tactics for finding and hiring lawyers that some say could prevent them from leaving in the long run.
In the age of technology and artificial intelligence, a majority of United States corporate legal departments say they’ve seen no innovation from their law firms and legal service providers in the past year, the research firm Acritas said Thursday.
Meditation and mindfulness hold the potential to help law firm leaders do their jobs better, according to a pair of speakers at the American Bar Association's TechShow in Chicago on Thursday.
The school shooting in Florida last month led masses of students and other Americans to organize protests calling for stricter gun laws and boycotts against companies over their relationships with the National Rifle Association — and some businesses and their in-house legal advisers may be left weighing the pros and cons of joining the growing crackdown of gun sales.
The U.S. legal market has entered a new age of “lawyer mobility,” with attorneys in high-profile, lucrative practices typically moving to more profitable firms, according to a report of an ongoing study conducted by the American Bar Foundation's Law Firms Working Group.
More law firms are appointing general counsel, and firm managers are taking on corporate titles and responsibilities as part of a trend toward professional, centralized management, according to the first stage of a report of an ongoing study conducted by the American Bar Foundation's Law Firms Working Group.
Salary cuts and layoffs abound as law firms and businesses face the doom and gloom of the economic downturn, but consultants said one sector has been hit especially hard – the corporate legal departments of financial services companies.
Dewey & LeBoeuf LLP has decided to transfer all attorneys and staff from its San Francisco office to its nearby Silicon Valley office, a consolidation move that other law firms are likely to emulate as a way to trim operating costs, experts say.
Layoffs at law firms are spreading to the partner ranks, as a recent announcement by Clifford Chance LLP shows, indicating that seniority is now taking a back seat to harsh economic realities, even for the biggest fish in the legal pond.
January saw about 20 top firms lay off lawyers and other employees, and February has gotten off to an equally grim start with Tuesday's announcement that McDermott Will & Emery is cutting 60 attorneys and 89 staff members.
In a New Jersey case with possible national implications, a boutique is asking a state court for $42 million in damages following the alleged destruction of the smaller firm by a large national firm's "partner poaching."
The recession will likely eat away at law firms' profit margins and keep client demand low through 2009, a new report from Citi Private Bank and Hildebrandt International Inc. predicts, but the downturn has also created a ripe opportunity for law firms to make fundamental structural changes with major long-term benefits.
Ropes & Gray LLP and Fenwick & West LLP both made staff cuts Thursday, while Clifford Chance LLP confirmed that it had lost up to 20 percent of the lawyers in its Moscow office.
Seeking to impose broader tort restrictions, a South Carolina legislator has proposed a bill to limit punitive damage awards for all personal injury cases, as well as reverse two recent state Supreme Court decisions making it easier for plaintiffs to pursue product liability cases or cases against corporate directors and officers.
Partners of K&L Gates LLP and Bell Boyd & Lloyd LLP voted Friday in favor of a merger that will expand K&L Gates' presence in Chicago and San Diego and boost the firms’ practices in intellectual property, investment management and other key areas.
Morrison & Foerster LLP has laid off 53 associates and 148 staff members from offices across the country, while London-based Linklaters LLP has announced that it will lay off about 100 lawyers and 130 staff. And there will likely be more attorney layoffs down the pike, experts said Thursday.
The U.S. Senate Judiciary Committee on Wednesday confirmed Eric Holder as the next U.S. attorney general in an overwhelming 17-2 vote.
Wilson Sonsini Goodrich & Rosati PC has become the latest law firm to make cuts, laying off 45 attorneys and 68 staff members while also freezing associate salaries and eliminating some bonuses.
After seeing seven London partners jump ship earlier this month, Cadwalader Wickersham & Taft LLP is reportedly considering legal action against the group for alleged violations of their partnership agreements.
Despite having its second-best financial year ever in 2008, Choate Hall & Stewart LLP has handed pink slips to 15 lawyers and 23 nonlegal staff, or roughly 8 percent of the organization.
Linklaters LLP is reportedly preparing to slash its associate work force and let go as many as 70 partners, as the Magic Circle firm tries to restructure operations amid the global financial crisis.
Law firms have already taken dramatic steps to stay afloat in the midst of the current recession, resorting to layoffs, bonus reductions and salary freezes. But with a bleak economic forecast for 2009, pay cuts for associates may be inevitable.
The California Supreme Court has ruled that the state's Mandatory Fee Arbitration Act doesn't limit the ability of attorneys and clients involved in fee disputes to enter into binding contractual arbitration.
Adding to the cascade of law firm downsizing nationwide, California-based Cooley Godward Kronish LLP has cut 52 lawyers and 62 staff, while New York's Cadwalader Wickersham & Taft LLP is laying off nine associates.