BAD LOOKING OUT - A substantial number of firm leaders say they expect moderate to high growth in expenses next year, and a smaller number of them expect growth in profits, Law.com’s Andrew Maloney reports. Firm leaders in a recent survey also said they expect less productivity going into 2023, according to the Law Firm Business Leaders Report. There are reasons for optimism, including rosier long-term outlooks and generally high expectations for each practice area. Bill Josten, strategic content manager for Thomson Reuters, whhich published the report, said he would describe the leaders surveyed in the report as more “guarded” than negative. “Particularly when it comes to the key financial indicators with profits, and revenue, and even demand—whether it’s the next year or next three—there’s not a lot of anticipation for contraction,” he said. “Particularly next year, there are a lot of folks anticipating low growth, if not, remaining flat. But I don’t know if that’s a sign of pessimism. It might be a sign of realism, given where the economy is trending.
RETALIATING AGAINST RETALIATION - Many companies being investigated by the Equal Employment Opportunity Commission for possible employment discrimination are making matters worse by taking actions that could be perceived as retaliation, employment attorneys told Law.com’s Hugo Guzman. “Historically, retaliation claims can be some of the thorniest matters to defend against,” said Christopher DeGroff, a Seyfarth Shaw labor and employment partner. “A lot of employers feel they have evidence to show they did not discriminate against individuals, but when it comes to retaliation, sometimes even timing issues can create the specter of retaliation.” Of the 61,331 charges of employment discrimination that the EEOC received in the fiscal year that ended in September 2021, 56% included a retaliation claim, according to Scott Horton of Horton Law. Those investigations turned into 114 lawsuits, DeGroff noted, with 28 including a retaliation claim. Matthew Gagnon, a Seyfarth Shaw labor and employment partner, said even companies following best practices might well be accused of retaliation anyway. “The EEOC is so aggressive that if an employer does terminate an employee who has filed a charge, or otherwise participated in an EEOC investigation, I think you’ve got to worry, even with the best documentation around.”
ON THE RADAR - Golden Bear Management and Delta Adjusting Co. filed an insurance coverage lawsuit against Verve Risk Partners on Monday in California Eastern District Court. The suit arises from a fatal motor vehicle collision and subsequent lawsuit against North American Capacity Insurance, which the plaintiffs handled and settled on NAC’s behalf. According to the instant suit, NAC claims that the plaintiffs committed errors and should be liable for the full settlement amount; the plaintiffs now seek defense and indemnification from Verve Risk Partners against NAC’s claim. The suit was filed by Faegre Drinker Biddle & Reath. Counsel have not yet appeared for the defendant. The case is 2:22-cv-02097, Golden Bear Management Corp. et al. v. Verve Risk Partners LLP. Stay up on the latest deals and litigation with the new Law.com Radar.
EDITOR’S PICKS
|
Plaintiffs Lawyers Want $2.05M Sanction Against Gibson Dunn and Facebook By Amanda Bronstad
|
|
Judge Denies Fired TSU Law Dean’s Request for Injunction By Christine Charnosky
|
You Might Like
5 minute read
Trending Stories
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
Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.
Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else.
Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events.
April 29, 2024 - May 01, 2024
Aurora, CO The premier educational and networking event for employee benefits brokers and agents. Learn More
May 15, 2024
Philadelphia, PA The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware. Learn More
May 16, 2024
Dallas, TX Consulting Magazine recognizes leaders in technology across three categories Leadership, Client Service and Innovation. Learn More Truly exceptional Bergen County New Jersey Law Firm is growing and seeks strong plaintiff's personal injury Attorney with 5-7 years plaintif... Apply Now › Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou... Apply Now › Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to... Apply Now ›
04/15/2024
Connecticut Law Tribune MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS View Announcement › |
