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News from the Legal Profession

The National Law Journal recently released a review of the major legal news in Washington's 'big law' for 2015, including reports on the paramount moves and mergers, influential administrative changes, and the "reinvention" of the D.C. law practice. Dentons continues its reign as the world's largest firm, announcing ten...

The annual "Best 50 Law Firms for Women" list, released mid-year by Working Mother magazine, remains one of the key surveys of 2015. The list reports that law firms featured in the Best 50 employed more female equity partners, at twenty percent, than the national average (seventeen percent).  The Best 50 compilation also boasts...

Does the increased transparency of firm finances benefit or vitiate its partners?  A recent article by The American Lawyer investigates, positing that "as part-owners of the business, law firm partners have both a financial incentive and an ethical responsibility to take an active interest in the firm's strategic...

Fifteen Southern California firms have just been featured by The National Law Journal as demonstrating "excellence in practice areas critical to the Southern California economy and legal community." Loeb & Loeb received the top honors in the Entertainment industry.  Nossaman was crowned the winner for Government...

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....

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...