The 2018 Law360 Diversity Snapshot shows only incremental progress on racial and ethnic diversity in the attorney workforce. At every level of a typical law firm, minority attorney representation increased by less than a percentage point from last year’s survey.
Simpson Thacher & Bartlett LLP and Chicago-based boutique law firm Barack Ferrazzano Kirschbaum & Nagelberg LLP on Wednesday joined a handful of other firms that this week that announced plans to raise associate pay following Milbank Tweed Hadley & McCloy LLP's lead on Monday.
Want a top post at a large law firm? Experts say building cases against the mafia is the perfect training ground.
Every June, rainbow flags decorate storefronts and apparel across the U.S. in celebration of LGBT Pride Month. As the anniversary of the U.S. Supreme Court's trio of landmark LGBT rights rulings approaches, LGBT attorneys and legal industry leaders spoke with Law360 and shared what they think the industry does well and what it can do better for those within its ranks.
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.
While big law firms continue to lay off scores of attorneys in hopes of being able to ride out the economic storm, boutique firms are well-positioned to take advantage of the situation if they play their cards right, legal experts say.
McGuireWoods LLP said Friday it had cut salaries for the first-year associates who will join the firm in September by 10 percent.
Quinn Emanuel Urquhart Oliver & Hedges LLP has settled a lawsuit with corporate headhunter Major Lindsey & Africa LLC stemming from Quinn's hiring of two Latham & Watkins LLP partners for its intellectual property practice.
February marked the most treacherous month so far in a slew of layoffs in the legal industry that began building last fall as the economic crisis set in, but the brutal trend appears to be accelerating as March's numbers continue to rise by the day, Law360's analysis shows.
The deep cuts at law firms across the globe continued this week, with Dewey & LeBoeuf LLP, Clifford Chance LLP and Shearman & Sterling LLP all announcing massive staff layoffs, and O'Melveny & Myers LLP confirming plans to cut around 90 attorneys in addition to 110 staff members.
McKenna Long & Aldridge LLP has wooed former chairman of the Democratic National Committee Howard Dean to serve as an independent consultant for its government affairs practice.
South Korea's National Assembly passed legislation Monday that could allow American law firms to establish offices in the country, provided the U.S. government reaches a free trade agreement with Korea.