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WHAT WE’RE WATCHING

 

UNMOVED - The associate pay raises to $190,000 put in motion by Milbank last year have not resulted in lemming-like behavior from much of Big Law, Dylan Jackson reports. A new NALP report shows that while 29.3% of major law firms reported first-year associate salaries at that rate, a big chunk of firms reported flat associate salary growth in 2018.

TAKING ON - Compassion fatigue. It’s a condition that lawyers experience when they emotionally absorb the problems of their clients. As part of our Minds Over Matters project, Raychel Lean reports that while all legal professionals are at risk, experts say defense lawyers, legal aid staff and sex crimes prosecutors are particularly vulnerable to compassion fatigue. The Florida Lawyers Assistance Program and the Florida Bar’s Young Lawyers Division have developed wellness webinars to address the problem, which can leave lawyers feeling alienated and anxious as their clients’ powerlessness transfers to them.

DOUBLE TROUBLE - For the second time in a week a federal judge has halted President Trump’s efforts to block a U.S. House committee subpoena targeting his personal financial records. Colby Hamilton reports that U.S. District Judge Edgardo Ramos in New York has denied Trump’s request for a preliminary injunction to stop Deutsche Bank and Capital One from responding to the financial services and intelligence committees. On Monday, U.S. District Judge Amit Mehta in D.C. upheld a subpoena from a separate committee seeking Trump’s financial records from his longtime accounting firm Mazars.


EDITOR’S PICKS

 

A $23 Billion Law Firm? New Valuation Model Says Kirkland Fits the Bill

‘Happiness’ Tips Doled Out to Skadden Lawyers

Johnson & Johnson Wins Defense Verdict in SC Mesothelioma Trial

Boneheaded Final Exam Hypotheticals: What Were These Law Profs Thinking?

Invisalign Maker Names New Top Lawyer as Longtime General Counsel Plans to Retire

Avenatti Charged With Fraud, Stealing From Ex-Client Stormy Daniels


WHILE YOU WERE SLEEPING

 

MUDDLED MERGER - Paris law firm Gide Loyrette Nouel has voted to absorb the majority of its international partners into its equity ranks, a move that has thrown its acquisition talks with Ince & Co France into doubt. Krishnan Nair reports that although a number of nonequity partners were promoted, not all have acquired equity status, and that Gide’s move has slowed the combination talks with Ince & Co. One of France’s largest law firms, Gide has about 550 lawyers across 12 offices in 11 countries.


WHAT YOU SAID

“I think everyone has had cases where there’s so much negativity and toxicity coming from both sides that it’s hard not to be affected. That’s honestly part of the job and that’s not going to go away, so lawyers have to learn how to deal with it.”

— CHRISTIAN GEORGE, PRESIDENT OF THE FLORIDA BAR’S YOUNG LAWYERS DIVISION, ON DEALING WITH “COMPASSION FATIGUE,” IN WHICH LAWYERS FEEL ALIENATED AND ANXIOUS AS THEIR CLIENTS’ POWERLESSNESS TRANSFER TO THEM.


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