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.
Seyfarth Shaw LLP has implemented yet another round of cost-cutting measures, parting ways with about 20 attorneys and 20 staff members from a total of about 1,500 employees nationwide.
The U.S. House of Representatives has approved a bill to give the U.S. comptroller general — head of the Government Accountability Office — explicit authority to pursue litigation against agencies that withhold critical information, as well as increase the GAO's ability to access government records.
Washington-based Dickstein Shapiro LLP, which adopted a merit-based system of compensation several years ago, has announced it will pay first-year associates rates starting at $145,000, while the most advanced associates will be eligible to earn up to $265,000.
Carl J. Nichols has decided to join WilmerHale LLP one year after wrapping up a four-year stint at the U.S. Department of Justice, where he most recently served as principal deputy associate attorney general.
To extend its geographic reach, Chicago firm Querrey & Harrow Ltd. has forged a strategic alliance with Peoria, Ill.-based boutique Hunziker Law Group LLC, the firms announced Wednesday.
Companies in the technology, media and telecommunications industries paid their general counsels more than companies in other sectors, according to a report by Equilar, an executive compensation research firm.
Justices on the New York State Court of Appeals on Tuesday seemed determined to find a solution to end the decade-long impasse between the state's judicial and legislative branches over judicial pay raises, grilling counsel to find out what, if any, remedy would mend the ongoing dispute.
Schulte Roth & Zabel LLP has reportedly laid off 34 associates, one staff attorney and one special counsel.
From paying plaintiffs illegal kickbacks to running massive Ponzi schemes, many lawyers have found themselves in the hot seat in recent years, wreaking havoc on their law firms and seeing their names splashed across the front pages. Law360 takes a look back at some of the top scandals of the decade.
McDermott Will & Emery LLP said Tuesday that its associates will now start out with a lower salary and earn raises and promotions based on performance, making it the latest firm to respond to the recession by discarding its lockstep system.
The U.S. Supreme Court has asked the solicitor general to weigh in on a case that hinges on whether the executive branch is free to take retroactive action if it asserts that an earlier interpretation of the law was wrong.
Morrison & Foerster LLP associates in New York reportedly stand to collect 2009 bonuses ranging from $7,500 to $30,000, as well as a so-called contribution bonus.
The days of automatic raises and promotions for corporate lawyers may be waning, but experts say that before firms take the plunge and scrap lockstep pay altogether, they should assess the potential impacts of a performance-based system — including the toll it could take on recruitment and morale.
Significant changes need to be made to the schedule law firms use for law student recruiting in order to better reflect the changing needs of both students and firms, the National Association for Law Placement has recommended.
President Barack Obama will reportedly renominate Dawn Johnsen to head the Office of Legal Counsel at the U.S. Department of Justice, following Republican lawmakers' opposition to her appointment because of her prior work with an abortion rights group.
Former Virginia Attorney General Jerry W. Kilgore and his former chief counsel have joined the consulting arm of McGuireWoods LLP.
Blacks and Mexican-Americans make up an even smaller proportion of law school students than they did more than a decade ago, according to a new study, and some observers trace the deficit to an overemphasis on Law School Admission Test results by admissions offices.
There are big clients and then there are big clients. But Judith Corley, a partner in the political law practice at Perkins Coie LLP, recently took on possibly the biggest client in the world: President Barack Obama.
Pillsbury Winthrop Shaw Pittman LLP became the latest firm to scale back associate salaries Thursday, cutting base compensation for first-year associates in its offices outside New York to $145,000.
Kasowitz Benson Torres & Friedman LLP is reportedly paying its associates bonuses for 2009 on a scale topping out at $35,000, similar to associate bonuses offered by Paul Weiss Rifkind Wharton & Garrison LLP, Sullivan & Cromwell LLP and others.