LACKING LOYALTY - Happy Valentine’s Day! Here’s some free relationship advice (for law firms). The pandemic has bolstered legal market free agency by weakening the bonds many lawyers had with their firms. “Decades ago, people were very loyal to their firms and would try and stay with that job forever,” Mark Jacobson, managing director of legal recruiting firm LegalSearch USA, said. “But attorneys are careerists now. They know their clients are interested in them and what they can do, not necessarily their firm.” Still, as Law.com’s Andrew Maloney, Patrick Smith and Hank Grezlak report, while some firm leaders are struggling to adapt, a number of legal industry observers said that shift in dynamics is something that law firm leaders should embrace. For instance, one thing firms can do to strengthen their organizational glue is reemphasize that every worker is valued and can do meaningful work. This is the third installment in a series examining how legal industry workers and the workplace have been altered by the pandemic. The previous two articles can be found here and here.
LEGAL OPS LAYOFFS LOOMING? - The possibility of an economic downturn has impacted companies differently, with some undergoing cost-cutting measures and layoffs, while others are reporting periods of growth and staff expansions. It’s no surprise then that some teams have grown more worried than others. While legal operations functions have gained popularity in legal departments over the last couple of years, they have now become the target of some staff cuts. And looking ahead, experts suggested to Law.com’s Cassandre Coyer that more layoffs could be on the horizon, especially for the legal operations functions that have been acting more as administrative support rather than strategic ones. Whether these cuts will benefit companies in the long term is uncertain, sources said. “Are legal ops professionals going to be impacted by layoffs? The answer’s yes. Will they potentially be more vulnerable than other components of legal departments? I think the answer to that is yes,” said Mark Yacano, managing director of Major, Lindsey & Africa’s Transform Advisory Services team, pointing to a growing number of announcements on LinkedIn from recently laid-off legal ops professionals.
ON THE RADAR - Tyson Fresh Meats was hit with an antitrust lawsuit Monday in Washington Eastern District Court. The court action was brought on behalf of Cody Allen Easterday of Easterday Ranches, who claims that cattle feeders in the Pacific Northwest are forced to sell their stock to Tyson, which exerts its anticompetitive advantage in the market to control pricing and stipulate contractual terms in its favor. The complaint was filed by Arnall Golden Gregory; Etter McMahon Lamberson Van Wert & Oreskovich; and Amster Rothstein & Ebenstein. Counsel have not yet appeared for the defendant. The case is 4:23-cv-05019, Easterday v. Tyson Fresh Meats Inc. Stay up on the latest deals and litigation with the new Law.com Radar.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]
You Might Like
6 minute read
More From ALM
Brought to you by LRN
Brought to you by Ontra
Brought to you by Ontra
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.
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.
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.
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.
March 06, 2024
Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession.
April 04, 2024
Daily Business Review honors attorneys and judges who have made a remarkable difference in the legal profession in Florida.
April 11, 2024
Consulting magazine is proud to recognize this unique group of movers and shakers at our annual Rising Stars of Profession awards.
Seeking Estate Administration Attorney for busy boutique office. Huge upside potential and growth opportunity.NYS Bar Admission and relevan...
Description: Fox Rothschild LLP has an opening in the San Francisco, CA office for an associate in our Labor & Employment Department. Th...
(EXCLUSIVE) ASSOCIATE WANTED FOR MID-SIZED FIRM RARE OPPORTUNITY TO SUPPORT PARTNER WITH BOTH LITGATION AND TRANSACTIONAL MATTERS (Atlanta, GA)
Our client, a mid-sized Atlanta based litigation firm, is seeking to add an associate to their expanding ranks. Ideal candidates will have 2...