Lateral Hiring Is So Hard That Law Firms Are Merging Instead: The Morning Minute
The news and analysis you need to start your day.
October 29, 2021 at 06:00 AM
4 minute read
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WHAT WE'RE WATCHING
GROWTH SPURT - In life, patience is a virtue. In the legal industry talent war, patience is for suckers. As Law.com's Dylan Jackson reports, consultants are portending a flurry of law firm mergers in 2022, especially among larger firms, as the tight lateral market shows no signs of abating and the elite pull further away from the rest of the pack. In fact, many firms are currently in merger talks, consultants told Jackson. Lisa Smith, principal at legal consulting firm Fairfax Associates, said many of the mergers in the works are at larger firms with between 200 and 600 attorneys, where leaders feel as if their businesses are undersized compared to the top law firms and are looking for a quick way to level up. "It's hard to grow substantially when you're growing organically. It takes longer, is more difficult, and is more expensive," Smith said.
STAYING POWER - Speaking of the talent war, while some firms are worried about quickly adding more attorneys, other should be worried about quickly losing them. And that goes for legal departments, too. As Law.com's Heather Nevitt writes in this week's Barometer newsletter, the (not-so-secret) sauce for legal employers looking to improve their retention amid sky-high attrition is prioritizing diversity, equity and inclusion, and allowing workplace flexibility. "In the months to come, legal departments and law firms also have to figure out how to implement these policies all while keeping lawyers engaged and connected with leadership and each other," Nevitt writes. "It can be a difficult task to find the right balance between flexibility and engagement, but it's essential to establish a strong company culture." To receive the Law.com Barometer directly to your inbox each week, click here.
CAPITOL OFFENSE - Jackson Lewis on Thursday removed an employment lawsuit against defense contractor ManTech International to Colorado District Court on Thursday. The suit was filed by the Law Offices of Gregory E. Givens on behalf of Ricki Laahs, a former systems administrator who contends that she was unlawfully terminated based on her attendance at the Jan. 6 Capitol protest in support of Donald Trump. Laahs, who has not been charged with any crime, maintains that she did not enter the Capitol building, vandalize federal property, or display any offensive symbols. The case is 1:21-cv-02897, Laahs v. Mantech International Corporation. Stay up on the latest deals and litigation with the new Law.com Radar.
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EDITOR'S PICKS
|- Modern Mentoring: What Mentoring Programs Look Like In a Hybrid Workplace By Carley Beckum
- 'Working Alone Gets Old Really Quickly': Why Many Junior Attorneys Want to Be in the Office By Dylan Jackson
- 'Unite the Right' Defenses Ranged From Denials of Responsibility to Vulgarity, And Drew Warnings from the Judge By Jacquline Thomsen
- DOJ Reaches $88M Civil Settlement With Families of Charleston Shooting Victims By Marianna Wharry
- Misdemeanor Charges Over a 'Grave' Attack? Judge Faults DOJ for 'Muddled' Message on Jan. 6 Riot By Andrew Goudsward
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WHILE YOU WERE SLEEPING
'A CULTURAL RESPONSIBILITY' - First Nations leaders from islands in the Torres Strait off northern Australia have launched a class-action lawsuit against the Australian government in a bid to prevent the destruction of their communities by climate change, Law.com International's Christopher Niesche reports. Paul Kabai and Pabai Paba, who come from the remote islands of Boigu and Saibai in Gudamalulgal and are name plaintiffs in the suit, argue that the government has a legal responsibility—a "duty of care"—to ensure Torres Strait Islander peoples are not harmed by the climate crisis. "Becoming climate refugees means losing everything: our homes, our culture, our stories and our identity," Kabai said in a statement. "If you take away our homelands, we don't know who we are. We have a cultural responsibility to make sure that doesn't happen and to protect Country [traditional lands] and our communities, culture and spirituality from climate change."
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WHAT YOU SAID
"I have always been different and looked at things differently due to dyslexia. As a professional who is not an attorney and in senior leadership at an Am Law 100 firm, I am different. I firmly believe the 'different' can make a 'difference.'"
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Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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