Mega-firm Reed Smith had a rough year in 2015, The American Lawyer reports--a year that perhaps led to the highly publicized 45-lawyer layoff in January 2016. According to their annual Am Law 100 report, gross revenue fell 2.5 percent, revenue per lawyer went down by 1.4...
Law360 recently released their annual Glass Ceiling report, ranking ten firms above their peers based on the percentage of women in their ranks. Milwaukee-based Quarles & Brady outpaced the other 300 U.S. firms to win the number one spot. Quarles is also the only firm on the list...
Astor Professional Search president Bill Sugarman quoted in Law360, discussing the Midwest legal market: http://www.law360.com/articles/789064/midwest-firm-falls-victim-to-cutthroat-lateral-market...
Intellectual property firm Kenyon & Kenyon neither confirmed nor denied rumors that they will be canceling their summer associate program, the ABA Journal reports. The firm said in a statement that while they "have not officially cancelled [their] summer associate program," they "cannot say with any certainty there...
In a profession "less diverse than doctors or engineers [who are] 88 percent white," says Danielle Holley-Walker, dean of Howard University Law, the legal community is still struggling with diversity (as quoted in the ABA Journal). In fact, the recently released Vault/MCCA Law Firm Diversity Survey found that...
In-house attorneys have always extolled the abolishment of the billable hour as a major plus over traditional firm life. But now, The American Lawyer reports that the time sheet "seems to be gaining popularity with in-house lawyers," many who have begun using the it as a way to prove their worth...
Last year saw the dissolution of several high-profile firm mergers, yet still boasted a record 91 successful law firm amalgamations (Altman Weil). However, closely following the recent termination of merger talks between Greenberg Traurig and London's Berwin Leighton Paisner, consultancy Gulland Padfield released the results of a...
Schiff Hardin laid off seven current associates and retracted offers for four incoming associates yesterday, reports the ABA Journal. This comes after the widely publicized mass exodus of 22 partners in January, which included Schiff's former managing partner. Schiff isn't the only big law firm that's conducted massive layoffs...
Baker and McKenzie retains its title as the best-known law firm in the world, according recent rankings by UK-based research firm Acritas. However, although the "sun never sets on Baker & McKenzie's empire," reports The American Lawyer, "challengers continue to make progress against established, old-line firms in the...
BTI Consulting recently analyzed over 300 law firms to identify the key characteristics shared by the most profitable law firms, observing that while "rates can help...