By Justin Henry | Amanda O'Brien | January 29, 2024
The shift away from HR terminology to "talent development" has largely played out among large law firms, where titles such as chief people officer and chief talent officer are widespread, and is gradually encroaching on the midsize firm sector. Consultants say this evolution is tied to the aggressive war for talent in the legal profession.
By Dan Roe | January 23, 2024
Rate flexibility and client conflicts drove Big Law attorneys to smaller firms in 2023, leading to gains for Munsch Hardt Kopf & Harr in Texas, Stoel Rives in Oregon and Potter Anderson & Corroon in Delaware.
By Justin Henry | January 4, 2024
Law.com Pro Mid Market takes a look at the motivations and circumstances that led to recent mergers and acquisitions of law firms. "If you're not a certain size, it's hard to compete for talent and it's hard to retain," said one consultant.
By Dan Roe | December 29, 2023
The Mid-Market 50, a ranking of the highest-grossing midsize law firms in the country, outperformed the fourth tier of the Am Law 200—law firms ranked 176 to 200 nationally by gross revenue—in several financial growth metrics.
By Justin Henry | Jessie Yount | December 12, 2023
"There's an old standby that the younger generation doesn't work as hard," said law firm management consultant Tim Corcoran, calling this a "false read."
By Dan Roe | December 6, 2023
DEI pushback and lawsuits have so far targeted the "lowest hanging fruit," so tidying up policy language and reviewing organizational values can prepare firms for scrutiny.
By Justin Henry | November 28, 2023
Lawyers are looking to precedents set by previous tech advancements to understand how AI will impact the work of legal professionals.
By Dan Roe | Brenda Sapino Jeffreys | November 14, 2023
Plaintiffs lawyers take their boisterous personalities to social media while still embracing traditional outdoor marketing.
By Jessie Yount | Alexander Lugo | November 7, 2023
"People want to control their own destiny," one spinoff leader said. "And the number of successful spinoffs makes it easier… there is more trust in the market. Corporate America is more meritorious these days. They are looking for the best."
By Dan Roe | October 31, 2023
It's a buyer's market for midsize firms across the country as Big Law associates struggle to hit hours and partners get priced out of their own practices.
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