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legal industry trends

Overstaffed BigLaw Firms Grapple with Record-Low Attorney Productivity

In the legal landscape, the use of the term "bloated" might evoke discomfort due to its unsettling connotations. However, this…

Clark Hill’s Recent Merger Contributes to a Dynamic Year for Law Firm Combinations

Clark Hill, a prominent law firm, announced its latest expansion through a combination with Funkhouser Vegosen Liebman & Dunn, a…

First-Half of 2023 Witnesses Surge in Law Firm Mergers, Reveals Latest Report

Data released on Monday by legal consultancy Fairfax Associates reveals a notable increase in law firm mergers during the first…

BigLaw Firm Implements 4-Day In-Office Policy with Remote ‘Bank’ Option

Davis Polk & Wardwell, a prominent law firm, is set to implement a new work policy requiring its lawyers and…

BigLaw Firms Navigate a Dynamic ‘Lateral Playpen’ for Strategic Growth

In a recent column by Big Law Business from Bloomberg Law, it has been observed that certain Big Law firms,…

BigLaw Firms Experience Record-Low Billable Hours in First Quarter of 2023

In a recent survey conducted by Wells Fargo's Legal Specialty Group, it has been revealed that BigLaw firms are grappling…

Report Indicates Big Law Firms are Merging at a Faster Rate in 2023

Data released by legal consultancy Fairfax Associates shows at least as many large law firm mergers completed in the first…

2022 Sees a Major Dip in U.S. Law Firm Associate Jobs Market

The legal industry saw a significant slowdown in lateral hiring of junior lawyers at large firms in 2022, according to…

Allen & Overy and the New Legal Market

Law firm Allen & Overy have increased their revenue. That is good news in these unstable and challenging times. Though…

Employment Rate for Law Graduates Dives to 15 Year Low

The employment rate for law graduates is at a fifteen year low, which is not good news for the Class…

April is a Good Month for the Legal Industry with 1,500 New Jobs Added

Following two months of legal job loss in February and March, April is giving many in the legal field more…

Cravath to Give Special Spring Bonus to its Associates

After setting the financial benchmark for year-end bonuses in late November, Cravath, Swaine & Moore  confirmed that the firm will…