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legal industry trends

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…

Law Firm Mergers See Slight Uptick in 2024

The legal industry has observed a modest increase in the number of law firm mergers in the first half of…

Legal Professionals Embrace Flexible Attendance Policies: A New Era Post-Pandemic

Significant Shift in Satisfaction In a notable shift from the sentiments immediately following the COVID-19 pandemic, a majority of legal…

Big Law Firms Integrate Generative AI Training for Summer Associates

As generative AI technology continues to revolutionize the legal profession, prominent law firms like K&L Gates, Dechert, and Orrick Herrington…

Davis, Polk & Wardwell Attracts Top Litigator from Cravath

Legal Talent Shift: Rory Leraris Joins Davis Polk from Cravath In a notable development within the legal sector, Davis, Polk…