Large law firms have long offered mentorship programs in which senior partners bestow pearls of wisdom upon junior attorneys, but at least one law firm is shaking up that traditional model in what some say could be a game-changer for the legal industry.
As a once black-market industry continues to grow in both legitimacy and size, and with it, a corresponding surge in legal needs, the first generation of general counsel at state-legal U.S. marijuana companies are on the front lines of the new and volatile field of cannabis law.
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.
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.
Thelen's lawyers are still in demand as the firm dissolves. Nixon Peabody scored an environmental and energy group. Winston & Strawn scooped up 19 attorneys, and Foley & Lardner nabbed five Thelen expats.
The speculation over which law firm would be able to entice former Solicitor General Paul Clement to join its ranks has ended. Clement, who left his post in June and took up teaching at Georgetown University Law Center, has now returned to his former firm King & Spalding LLP.
Nonequity partners in the nation's law firms may be in for a rocky ride in the months ahead as management moves them up or out in a continued effort to weather the economic downturn, legal experts say.
The slumping economy claimed more victims at prestigious law firms Wednesday and Thursday as Brown Rudnick LLP and Squire Sanders & Dempsey LLP announced layoffs of more than 50 attorneys and paralegals and 20 support staff.
Political experts and politicians alike said Wednesday that, while likely attorney general nominee Eric Holder's controversial role in the Clinton-era pardon of a convicted financier whose wife gave money to Democrats might cause political fireworks, it was unlikely to derail a confirmation.
Bracing for a sharp decline in profits, partners at Cadwalader Wickersham & Taft LLP are reportedly planning to vote for the firm’s managing partner and former chairman to step down from the management committee.
Women attorneys at the largest U.S. law firms continue to earn less than their male counterparts at every stage of practice and are markedly underrepresented in the leadership ranks, according to a survey published Monday by the National Association of Women Lawyers.
The law firm Edwards Angell Palmer & Dodge LLP said on Monday it let go fewer than 60 support staffers from its offices across the U.S.
Washington trial lawyer Gregory B. Craig, who represented President Clinton during his impeachment proceedings and currently practices at Williams & Connolly LLP, reportedly will serve as White House Counsel under President-elect Barack Obama when he takes office.
Although salaries in the legal profession might have leveled off, lawyers practicing in currently hot areas can expect to earn more in 2009, according to an industry salary guide.
Firms continued to devour dissolving firm Thelen this week, swallowing up whole practice groups and impressive numbers of attorneys.
Orrick Herrington & Sutcliffe LLP has jettisoned around 40 associates and counsel in the firm's real estate, structured finance and corporate practices, citing “unprecedented challenges” in the world's global capital markets.
According to government statistics, not even the legal industry has escaped the down economy. But industry experts said Wednesday it's worse in other sectors and there are silver linings.
Law firms prospered in 2007, but the good times are over - at least for now - according to legal management consulting firm Altman Weil Inc., which surveys law firms on a yearly basis on issues including revenue, expenses, billing and compensation.
A rough financial market has pressed law firm White & Case LLP to trim its associate head count by 70 and its nonlegal support staff by around 90, the firm announced on Tuesday.
In the latest pickup to follow the dissolution of Heller Ehrman LLP, McDermott Will & Emery announced Monday it would move its Silicon Valley branch into Heller's former office space in Menlo Park, Calif.
The nation's 250 largest law firms expanded their lawyer rolls less in 2008 than in 2007, signaling that the legal industry has not been immune to the economic slump and some belt-tightening is already taking place, according to a report published Monday.
Sedgwick Detert Moran and Arnold LLP said Monday it has swallowed up the roughly 20-lawyer Florida law firm of Gordon Hargrove and James PA.
Corporations are looking to trim their legal expenses by doing away with law firms where possible and adding to their in-house legal departments new full-time lawyers or “project professionals,” including paralegals, legal consultants say.
The U.S. Supreme Court will hear an appeal from defunct accounting firm Arthur Andersen to decide whether a litigant that hasn't signed onto an arbitration agreement can appeal a federal court order refusing to stay the litigation pending arbitration.