Blog

News from the Legal Profession

Millennials make up the largest generational group among lawyers at large and midsize firms, according to a report released by ALM Intelligence on Law.com. Data collected by ALM Intelligence reported millennials (ages 18 to 36) now outnumber lawyers from Generation X (ages 37 to 52) and...

The American Lawyer released its annual New Partners Survey, which included responses from 400 lawyers promoted to firm partnerships in 2015, 2016 or 2017. The report revealed that an overwhelming 88 percent of new partners said their firms adequately prepared them for partnership. Almost 80...

When is the best time for partners to make a lateral move? According to a report released by ALM Intelligence, the most important factors in making a successful lateral move include time of year, stage in a partner’s career, and whether the move is to...

The American Lawyer published results from its annual Midlevel Associates Survey, finding that “associates generally continued to report high levels of satisfaction with their jobs," and report being happier with their compensation than they were a year ago. Each year, the publication surveys third-, fourth-, and fifth-year...

The American Lawyer released their annual Global 100 report, a ranking of the world’s 100 largest law firms by gross revenue, profits per partner, and total attorney headcount. Overall, gross revenue grew by 2.8 percent for The Global 100, and profits per partner increased, on...

Law firm mergers and acquisitions are on track to reach an all-time high in 2017, according to the latest report released by legal consulting firm Altman Weil. So far this year, there have been 52 combinations announced, including 24 in the second quarter, topping the prior mid-year peak of 48 in 2016. Altman Weil’s MergerLine report revealed acquisitions of firms with twenty...

The American Lawyer released its 15th annual A-List rankings of the top 20 “most well-rounded” law firms in the United States. Firms are ranked based on a combination of factors including revenue per lawyer, pro bono commitment, racial diversity, associate satisfaction and percentage of female equity partners. Munger Tolles ranked No. 1...

Law360 released its fourth annual Glass Ceiling Report, which surveyed 300 law firms on gender diversity and ranked firms based on the percentage of female equity partners in the United States. According to the report, women make up just 34% of all attorneys and 23% of...

Law firm managing partners’ expressed greater optimism in the economy and legal market for the second half of 2017, according to a report released by Citi Private Bank. The quarterly survey polled law firm leaders, 106 of which are among Am Law's top 200 firms. Over...

As law firm billing rates are rapidly increasing overall, a new study shows that firms that raised their rates more slowly are starting to see better revenue growth. According to the report, released by Thomson Reuters’ Peer Monitor, law firms that increased their billing rates...