ARE YOU EXPERIENCED? - As Law.com’s Brenda Sapino Jeffreys reports, at least a third of law firm marketers in a flash survey said their firms lost out on a client opportunity because the firm didn’t respond quickly enough to a request for experience information. While the survey, conducted by Dallas marketing strategy and technology company Content Pilot, found that law firm marketing or business development departments are almost always responsible for compiling the information for clients or potential clients, lawyers apparently take little responsibility for helping. “The lawyers do not make it a priority,” said Deborah McMurray, founder of Content Pilot, who presented the survey results on Thursday at the Legal Marketing Association’s Southwest Regional Conference. She told Jeffreys that marketing teams are “100% responsible” for compiling information about a firm’s experience in a particular practice area, often scrambling to come up with information that may be “stuck in some lawyer’s head,” rather than in an up-to-date database. “It’s a back-burner issue in the law firm among the lawyers until it is an urgent request—and then it’s a hot, hot, lightning-hot issue,” she said.

COMPENSATION DECELERATION - While many Big Law partners at one point thought the pandemic would curb compensation, it was actually a precursor to the most significant pay increases in more than half a decade, according to Major, Lindsey & Africa’s biannual Partner Compensation Survey. But, as Law.com’s Andrew Maloney reports, the pandemic’s lingering effects, like supply-chain disruptions and inflation, along with a costly war in Europe, will ultimately result in more modest compensation growth this year. Karen Andersen, a partner in MLA’s partner practice, told Maloney that firms might reduce travel and real estate expenses and move associates around to continue to capture profits this year. She said firms have performed admirably in 2022, but it’s likely fewer of them will end this year with “spectacular” profits. “I think firms, in general, have had good years this year, and I’m sure there have been some that, like last year, had spectacular years. I suspect we’ll see some of that this year, but definitely, at the end of the day, more modest growth than we saw last year or even the year before,” she said.

ON THE RADAR  - Equity Residential, Essex Property Trust, Lincoln Property and other managers of multifamily rental real estate were hit with an antitrust class action Tuesday in California Southern District Court. The suit accuses the defendants of replacing independent pricing with third-party recommendations made by RealPage Inc. to artificially inflate the cost of long-term multi-family rental units. The suit was filed by a team of five law firms including Berger Montague; Hausfeld; and Lieff Cabraser Heimann & Bernstein. Counsel have not yet appeared for the defendants. The case is 3:22-cv-01611, Bason et al v. RealPage, Inc. et al. Stay up on the latest deals and litigation with the new Law.com Radar


EDITOR’S PICKS

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

More From ALM

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
June 20, 2024
Atlanta, GA

The Daily Report is honoring those attorneys and judges who have made a remarkable difference in the legal profession.


Learn More
June 27, 2024
New York

Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.


Learn More
July 11, 2024
New York, NY

The National Law Journal Elite Trial Lawyers recognizes U.S.-based law firms performing exemplary work on behalf of plaintiffs.


Learn More

Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...


Apply Now ›

East Brunswick Law firm concentrating in plaintiff's personal injury, employment law, medical malpractice and worker's compensation seeks an...


Apply Now ›

State of New Jersey COMMISSION OF INVESTIGATION 50 WEST STATE STREET PO Box - 045 TRENTON, NEW JERSEY 08625-0045 Telephone (609) 292-6767 Fa...


Apply Now ›
04/29/2024
The National Law Journal

Professional Announcement


View Announcement ›
04/15/2024
Connecticut Law Tribune

MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS


View Announcement ›
04/11/2024
New Jersey Law Journal

Professional Announcement


View Announcement ›