Innovative strategies are necessary for continued firm growth in the corporate legal market, according to a recent article from The American Lawyer. William Henderson and Evan Parker report that due to decades of organic growth, when law firms simply grew with their clients, the "supply of capable outside...
Firms are taking a more analytical approach to partner compensation, reports LegalTech News. While partner compensation has traditionally been calculated in a more subjective manner, experts from legal software producer Aderant posit that "analytical models should be the best practice for determining law firm compensation." Dan Ronesi of...
The dream of the 9-to-5 in-house workweek is quickly unraveling, reports Melissa Maleske of Law360. A 2015 global census by the Association of Corporate Counsel found that worldwide, in-house counsel workweeks average at 49 hours, with India reporting the highest average hours at 54 per week. The U.S....
Professor Heidi Gardner of Harvard Law School presented her research at the 20th Annual Law Firm Leaders Forum in early October, where she discussed why law firms should encourage collaboration among firm partners in order to increase innovation and development. Sean Doherty of Above the Law highlights the key...
According to a recent article published by The National Law Journal, a strong corporate presence in Chicago and the surrounding areas is making for some major deals in 2015. “In the first half of the year, total deal value in Illinois spiked 95 percent to $121...
The American Lawyer documents the increasing trend of older lawyers reaching mandatory retirement age deciding to switch firms rather than "go gently into that good golf condominium." Baby boomer attorneys are increasingly likely to work past the traditional ages of 60 or 65 and ALM...
With the recent opening of diplomatic relations between the United States and Cuba, law firms are seeing opportunities in the island nation that lies just 90 miles south of Florida. The American Lawyer recently reported on Akerman's four-person Cuba practice based in Miami. The group is led...
Excerpt from the article in LawCrossing: Professional Overview William A. Sugarman, Esq., is the Founder and President of Astor Professional Search (APS), an attorney placement firm based in Chicago, IL. For almost fifteen years, Mr. Sugarman has been engaged in the successful placement of partners, associates, in-house counsel, practice...
2013 witnessed a record 88 law firm mergers, and the market shows no signs of slowing with law firms announcing 22 more mergers during the first three months of 2014. While some mergers are certainly driven by strategic factors, as The Washington Post notes HERE, "Law...
In the latest March 2014 issue, Chicago Lawyer checks in on the state of 'midsize' law. Drawing from the recent success of some of our clients, including Much Shelist and Ungaretti & Harris, the author finds much to be optimistic about in the middle of...