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legal industry trends

Bonus Season Highlights Varying Approaches Among Law Firms

The much-anticipated bonus season is underway, with many law firms aligning their compensation structures to match market expectations. However, not…

E-Discovery Team Departs King & Spalding for Hilgers Graben

A prominent group of electronic discovery (e-discovery) lawyers from King & Spalding has joined Hilgers Graben, a rapidly growing litigation…

Wave of Departures at Weil, Gotshal & Manges Highlights Intense Talent Wars in BigLaw

Key Departures Shake Weil, Gotshal & Manges In a challenging week for Weil, Gotshal & Manges, three prominent practice leaders…

BigLaw Firms Step Up: PaulWeissCleary Gottlieb, Fried Frank, and Weil Match Milbank Bonuses

In a highly competitive year for talent retention and recognition, four prestigious BigLaw firms—Paul Weiss Rifkind Wharton & Garrison LLP,…

Milbank Takes the Lead on 2024 Year-End Bonuses for Associates

Milbank LLP has set an impressive tone in the legal industry by becoming the first major Biglaw firm to announce…

Cleary Gottlieb Introduces Non-Equity Partner Category

Major Shift in Firm Structure Cleary Gottlieb Steen & Hamilton, a prominent U.S. law firm, has introduced a new category…

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…

Regional Law Firms Expand Through Mergers in Secondary Markets

Rising Focus on Secondary Markets A growing trend among regional law firms is to pursue growth through mergers in mid-sized…

U.S. Legal Sector Sees Job Growth in September, Reversing Recent Decline

The U.S. legal services sector added 1,600 jobs in September, a much-needed recovery after experiencing steady job losses since the…

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…

Polsinelli Expands to Philadelphia with Key Hires

Polsinelli, a prominent U.S. law firm, announced on Tuesday the opening of a new office in Philadelphia. This expansion involves…

The High Demand for Elite Wall Street Lawyers

Top Wall Street lawyers are in such high demand that bidding wars for their services are becoming commonplace, resembling the…