Lockstep's Latest Loss, 1st Circuit Questions Judicial Corruption, Firms' Innovation Stagnation: The Morning Minute
Want to get this daily news briefing by email? Here's the sign-up. WHAT WE'RE WATCHING LOCKSTEPPING AWAY - The lockstep model might be the…
December 07, 2021 at 06:00 AM
3 minute read
NewsWHAT WE'RE WATCHING
LOCKSTEPPING AWAY - The lockstep model might be the talent war's latest victim. Cravath, Swaine & Moore, one of the few firms to continue to deploy a pure lockstep model, announced that it would shift to a modified version of the model after suffering the loss of six partners in 2021. Some experts say the move was inevitable. Dylan Jackson unwinds how profit shares, prestige and private equity threaten the continued viability of the chosen model of some of the nation's top firms.
ICE FIGHT - A federal appeals court is considering whether a Massachusetts judge acted corruptly when she allegedly obstructed a U.S. Immigration and Customs Enforcement arrest, Avalon Zoppo reports. Newton District Court Judge Shelley Joseph and former Trial Court Officer Wesley MacGregor are accused of assisting an undocumented man in evading federal immigration agents in 2018. On Monday, a panel for the U.S. Court of Appeals for the First Circuit heard arguments seeking to overturn a decision denying dismissal of the charges against the court officers. Circuit Judge William Kayatta noted that judicial immunity wouldn't apply if Joseph acted corruptly.
STUCK IN A RUT? - The legal industry hasn't been able to shake it's old-school, risk-averse rep, according to several recent surveys. The pandemic, which required some firms to focus on short-term solutions, might've put even more of a damper on "big picture" innovation, analysts told Andrew Maloney. To solve law firm's attrition problem, some industry observers say leaders might have to reinvent their structures, perhaps going so far as to ditch the partnership model.
EDITOR'S PICKS
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250