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What a Difference a Year Makes for Law Firm Associates
The power dynamic inside law firms has shifted. Intense talent wars are gone, demand for legal services has dropped, COVID alerts have been canceled and partners once again can call the shots. Associates have lost their leverage — for now. But pendulums swing back and forth. How long can partners maintain the upper hand?
Dechert to Cut Global Workforce by 5%
The firm, which has offices in the U.K., Asia, the Middle East and Europe, is letting go of 55 attorneys and 43 business professionals, including a "redundancy" process that has begun in London.
Perkins Coie Lays Off 58 Business Professionals
In an internal memo, the firm cited "macroeconomic conditions" as well as "increased expenses" that surpass the rate of revenue growth this year.
Law Firms Push Aggressive Rate Increases But Clients Have Room to Negotiate
Some rate increases last year were "shocking at the high end," according to a new rate report, noting about 15% of Am Law 100 firms increased their rates between 10% and 20%.
Shearman & Sterling Lays Off Associates and Staff
The firm said it is laying off 26 business professionals and 12 associates, "focused mainly on transactional practice areas most affected by current and projected market conditions."
Law Journal Press | Digital Book
District of Columbia Legal Malpractice Law 2024
Authors: Shari L. Klevens, Alanna G. Clair
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The American Lawyer Names Attorney of the Year, Law Firm of the Year and More
Law Firm of the Year went to Ropes & Gray while Latham & Watkins won Law Firm Corporate Practice of the Year. Other honors included lifetime achievers, young lawyers of the year and a suite of industry awards aimed at honoring the evolution of the profession.
While Some Law Firms Remain Silent, Others Commit to Pay for Abortion Travel Costs
As law firms navigate a host of privacy, HR and political issues, several firms have issued ambiguous statements or said they are "exploring" the next steps.
Lawyers Burned the Candle at Both Ends in 2021. Faltering Demand Could Cost Jobs Anyway.
Firms are already looking at stealth layoffs as demand tails off, one recruiter said.
Diversity Efforts Now Included in Billable Hour Credit at Eversheds in US
The policy has been spreading among firms in the U.S.
Risky Business: Why US Firms Are Quitting China
As tensions escalate and uncertainty abounds, it's getting harder for U.S. firms to find success in China.TRENDING STORIES
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