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News from the Legal Profession

26 Sep

Posted at 11:13h in News

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...

28 Aug

Posted at 18:59h in News

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...

08 Aug

Posted at 11:15h in News

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...

24 Jul

Posted at 10:01h in News

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...

21 Oct

Posted at 12:58h in News

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...

07 Oct

Posted at 15:19h in News

The American Lawyer released their annual Global 100 report, ranking the top law firms across the world. The report is based on gross revenue as well as number of attorneys and profits per partner. Attorney headcount saw an increase this year, with an annual growth...

28 Sep

Posted at 17:20h in News

According to Am Law Daily, mixed opinions were exchanged last week at the International Bar Association’s annual conference, regarding the risks and benefits of law firms’ global development. Lawyers traded their thoughts during a panel discussion on Wednesday. “We were forced by our clients,” to...

07 Sep

Posted at 12:18h in News

The American Lawyer released this year’s national and regional midlevel firm rankings, based on a satisfaction survey of associate responses. The survey analyzes key workplace elements such as: compensation and benefits package, training and support, relations with partners and associates, satisfaction level of the work,...

26 Aug

Posted at 11:59h in News

The gap in gender parity in the legal industry remains somewhat stagnant, but there are Big Law firms that have adopted new cultures and strategies to attract and retain women lawyers. The National Law Journal highlights those firms in their annual survey of the top 100 firms...