GO BIG OR NO-GO  - When it comes to mergers, law firms this year are taking what industry observers (OK, just me) are calling the Tim “The Tool Man” Taylor approach: More power! As Law.com’s Jessie Yount reports, large lateral groups and boutique tie-ups were all the rage last year, but more sizeable combinations were announced at least once a week in January, reflecting a common desire among law firm leaders for more transformational growth in one fell swoop. “We’re seeing a lot of interest in mergers of magnitude because laterals and [lateral] groups tend to rarely result in net growth, or net growth that is satisfying to the overall strategy,” said Kristin Stark, a law firm consultant and principal at Fairfax Associates. Kent Zimmermann, a legal management consultant at the Zeughauser Group, agreed that competitive pressures are leading more firms to consider more sizeable combinations. In fact, most firm leaders “feel as if they are treading water by trying to grow only with laterals…”

COSTLY MISTAKES - At this point, trying (and often failing) to fend off cyber incidents is just the cost of doing business. Unfortunately, as Law.com’s Rhys Dipshan writes in this week’s Law.com Barometer newsletter, the cost is going up. “It’s likely that data breaches and data privacy mishaps will become even more costly in the months—and potentially years—ahead, as states and regulators continue to fill the void left by the lack of a federal data privacy law,” Dipshan writes, noting that while the Bipartisan American Data Privacy and Protection Act, introduced in the U.S. House of Representatives last year, has arguably had more momentum behind it than any other federal data privacy effort in recent years, the midterm election in November 2022, along with opposition to the bill from California’s House delegation, has slowed its momentum. To receive the Law.com Barometer directly to your inbox each week, click here.

ON THE RADAR - Ballard Spahr filed a lawsuit against Blockfusion USA on Thursday in Delaware Court of Chancery. The lawsuit, filed on behalf of A. Searle Field, Evan Field and other plaintiffs, seeks to recover $772,675 in attorneys’ fees pursuant to an Oct. 2022 arbitration. Counsel have not yet appeared for the defendant. The case is 2023-0127, In Re Delaware Rapid Arbitration of Blockfusion USA Stay up on the latest deals and litigation with the new Law.com Radar


EDITOR’S PICKS

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
April 25, 2024
Dubai

Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.


Learn More
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

Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...


Apply Now ›

Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...


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 ›
04/11/2024
New Jersey Law Journal

Professional Announcement


View Announcement ›
04/08/2024
Daily Report

Daily Report 1/2 Page Professional Announcement 60 Days


View Announcement ›