Law Firms Reassess Partner Compensation Amid Changing Dynamics
In recent times, law firms are increasingly making adjustments to partner compensation due to factors such as decreased productivity and…
law firms
In-House Legal Teams Anticipate Less Dependence on External Law Firms Amid Generative AI Advances
As generative artificial intelligence (Gen AI) continues to evolve, in-house legal departments are gearing up to reduce their reliance on…
Law Firms Recover Transactional Work Amid Market Volatility
After years of struggling with sluggish transactional work, law firms have finally seen a resurgence in this crucial area, just…
Encouraging Legal Professionals to Disconnect: ABA’s Proposal
The American Bar Association (ABA) is urging legal employers to support their employees in fully disconnecting from work for at…
Record-High Employment and Salaries for Law Graduates in 2023
In 2023, new law school graduates entered the job market with unprecedented success. According to the National Association for Law…
The Debate Over Summer Associate Work Hours
Introduction In the legal industry, a recent discussion has sparked controversy regarding the expectations placed on summer associates. The question…
Global IT Outage Hits Law Firms
Law firms were among the many businesses affected by a global IT outage on Friday, causing temporary disruptions to website…
Richard Crosby III’s Legal Troubles
Losing one's law license typically marks the end of a legal career. However, Richard Crosby III, disbarred for stealing client…
Fennemore Craig Launches Formal Remote Work Program for Lawyers
Introduction In a bold move to adapt to post-pandemic work preferences, Fennemore Craig, a Phoenix-based law firm, has announced a…
The Appeal of Lockstep Compensation
Predictability and Stability The lockstep model ensures a clear and predictable salary progression. This predictability is highly attractive to lawyers…
Law Firms Capitalize on U.S. Supreme Court Rulings
Law firms are seizing opportunities created by recent U.S. Supreme Court decisions that have unsettled federal agency powers. These rulings…
Rising Billing Rates in the Legal Sector
Legal industry experts are predicting a continued rise in billing rates at major law firms across the U.S. and U.K.…