Daily Report Online | Analysis
By Everett Catts | December 20, 2023
When asked about their law firms' possible layoffs between July 1, 2022, and July 1, 2023, managing partners provided positive info, with 89.3% saying they did not lay off lawyers or staff, 7.1% laying off staff only, 3.6% laying off both attorneys and staff and none laying off lawyers only. When asked if their firms were planning layoffs for the next year, all leaders said they have none expected.
The American Lawyer | Analysis
By Andrew Maloney | December 19, 2023
At least 30 large law firms have announced some kind of leadership transition within the last year or so. "It's been an exciting but challenging and exhausting few years," noted one Am Law 100 leader.
Daily Report Online | Analysis
By Everett Catts | December 18, 2023
"As in 2021, I think 2022 was also a great year financially for a lot of companies," said Bob Graff, an Atlanta-based in-house recruiter and a partner with Major, Lindsey & Africa. "The stock market did pretty well last year. It's not surprising that people met or exceeded their bonus targets and met or exceeded their equity targets."
The American Lawyer | Analysis
By Patrick Smith | December 18, 2023
The firm's moves are consistent with a slew of large law firms making staff and associate cuts in 2023, as firms focused on efficiency, outsourcing and productivity in a year of declining demand.
Daily Report Online | Analysis
By Justin Henry | December 15, 2023
"I've worked with firms who find it difficult because they want the partners to charge X rate and they would lose a third of their business," said Charlotte-based Jordan Abshire, founder and managing member of Abshire Legal Search.
By Hugo Guzman | December 14, 2023
"It's always better to make a bid when things are confused," corporate governance expert Charles Elson said. "[And] it's harder to defend during a transitional period."
The American Lawyer | Analysis
By Christine Simmons | Anne Bagamery | December 11, 2023
"It was clear that if we didn't approve the pension, the [Allen & Overy] deal wasn't going to go through," a retired Shearman partner said.
Daily Report Online | Analysis
By Chris O'Malley | December 5, 2023
"Some clients are super loyal to their firms that they work with, sometimes blindingly so," said Joan MacLeod Heminway, a University of Tennessee law professor.
By Maria Dinzeo | December 4, 2023
"Companies are faced with this conundrum of wanting to provide more detail but not wanting to give too much," Orrick partner Aravind Swaminathan said.
Daily Report Online | Analysis
By Justin Henry | November 27, 2023
"Firms open there, not because they want to tap into a certain geographic community but because partners want to live there," Holland & Knight managing partner Steven Sonberg said.
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