WORKING THEORIES - If you thought two-plus highly successful years of flexible work arrangements would be enough to convince law firm leaders to get on board with the evolution of the profession, you must be new around here. Welcome! As Law.com’s Andrew Maloney, Patrick Smith and Hank Grezlak report, the generational differences in law firms—especially how lawyers of different ages view such basic topics as how the work should get done and when—have been laid bare by the pandemic and created the potential for conflict. Lisa Smith, a principal at Fairfax Associates, said that while change has never come easy to the legal industry, “[t]he pandemic showed it was possible, and I think firms are trying to recognize that, and use that to their advantage.” But Haley Revel, managing director of HR and talent management at Calibrate, said that for many baby boomers, the “you should be thankful to have a job” mindset is still pervasive. “A boomer is going to say ‘OK, I’ll come and do what you say because this is my career,’” she said. “But a millennial, for example, might hear that same direction and head for the door.” This is the second installment in a series examining how workers and the workplace have been altered as a result of the pandemic. Read part one here.
GOOD FOR YOU - When the going gets tough, litigation finance gets going. At least that’s what lit funders are banking on as we head deeper in 2023. As Law.com’s Justin Henry reports, conditions are ripe for litigation financing to become more ensconced in law firms’ business models this year as capital constraints, lower revenue levels from the 2022 fiscal year and an anticipated rise in disputes are expected to prompt litigation departments to seek risk-sharing partners. While litigation funders at Burford Capital said in a recent investors’ report that they do not wish to revel in the misfortune of businesses that find themselves embroiled in a dispute, the “simple truth” is “that we tend to do well in periods like these, and we have no reason to believe that this downturn will be any different.”
ON THE RADAR - Legal wars… the punishment due? Universal Music Group, thrash metal band Megadeth and other defendants were hit with a copyright lawsuit Friday in New York Eastern District Court. The lawsuit, brought by Kibler, Fowler & Cave and Kovel Law on behalf of Brent Elliott White, claims the defendants used the plaintiff’s artwork for the cover art of Megadeth’s 2022 album without the plaintiff’s permission. Counsel have not yet appeared for the defendants. The case is 1:23-cv-00861, White v. Megadeth, Inc. et al. Stay up on the latest deals and litigation with the new Law.com Radar.
You Might Like
Acquitted-Conduct Sentencing: A Quagmire Neither the Supreme Court Nor the U.S. Sentencing Commission Can Continue to Avoid
13 minute read
5 minute read
More From ALM
5 Ways to Use Technology and Innovative Staffing to Better Manage Workplace Legal QuestionsBrought to you by Littler
Strategies to Make the Most of Your Document Review TeamBrought to you by Integreon
Speed, Slack and Specialization: A Precision Approach to Second RequestsBrought to you by HaystackID
Premium SubscriptionWith 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.
Team AccountsOur 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.
Bundle SubscriptionsGain 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.
From Data to DecisionsDynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.
Exclusive Depth and Reach.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.
Big Pictures and Fine DetailsLaw.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.
Pennsylvania Legal Awards (PALA) 2023June 14, 2023
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law.
Consulting Top Consultants 2023June 15, 2023
New York, NY
Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
Southeastern Legal Awards (SLA) 2023June 22, 2023
The Daily Report is honoring those attorneys and judges who have made a remarkable difference in the legal profession.
COMMERCIAL FINANCE ATTORNEY - CT OFFICES; REMOTE will be considered
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
Apply Now ›
LABOR AND EMPLOYMENT ATTORNEY - NEW YORK
AV-rated Garden City, NY law firm seeks attorney with 5+ years' experience for firm's labor & employment department. Prior experience ne...
Apply Now ›
Litigator (Of-Counsel) - New York
Civil/Commercial Litigator (of-counsel) in Nassau or Queens county earnestly sought. Office located at Station Plaza (Great Neck) (2 mins w...
Apply Now ›
LAWYERS OF DISTINCTION05/25/2023
Lawyers of Distinction would like to announce...
View Announcement ›
DAVIS, SAPERSTEIN & SALOMON, P.C.05/08/2023
It is our privilege & honor to announce the addition of Steven H. Cohen, Patricia Z. Boguslawski, Evan D. Baker & Kelly A. Conlon as new partners of DAVIS, SAPERSTEIN & SALOMON, P.C.
View Announcement ›
FERRO LABELLA & WEISS LLC05/08/2023
FERRO LABELLA & WEISS LLC would like to announce that....
View Announcement ›