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News from the Legal Profession

14 Sep

Posted at 14:31h in News

How do successful leaders and firms manage their compensation expectations in a record financial year? A recent article by The American Lawyer investigates, positing that some of the most effective means for managing the compensation expectations of partners include structural elements in their compensation system, leadership...

15 Aug

Posted at 10:05h in News

Certain Midwest and second-tier markets, in terms of population, have garnered particular interest from large law firms, especially those that serve middle-market clients, reports Lizzy McLellan of The American Lawyer. According to statistics from AmLaw’s latest NLJ 500 survey, the number of lawyers at NLJ 500...

02 Aug

Posted at 14:09h in News

The American Lawyer released its 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. Ropes & Gray ranked No.1 on this...

19 Jul

Posted at 16:08h in News

The American Lawyer reports that recent data released by ALM Intelligence shows female attorneys have ascended into Big Law's partnership ranks at a faster pace than ever before in the wake of the #MeToo movement. According to the analysis, the pace of promotions for female lawyers since...

05 Jul

Posted at 09:48h in News

The American Lawyer reports on a mistaken and dangerous belief pervading the current U.S. legal market: that it is consolidating as larger firms grow more quickly than the market by taking share from their smaller rivals. However, an in-depth analysis of Am Law data over the...

22 May

Posted at 11:37h in News

Legal industry professionals say prospects for their future legal business look bright, but cite pricing pressures and cybersecurity as the biggest challenges their firms face, according to a recent survey published on The American Lawyer. The survey, conducted by legal software company Aderant, indicated that law...

08 May

Posted at 10:48h in News

The American Lawyer released their 31st annual Am Law 100 report, which includes data and rankings for the nation’s 100 highest grossing law firms. Overall, gross revenue increased on average by 5.5 percent, net income increased by 6.1 percent, profit per equity partner grew by 6.3 percent, revenue per...