Why Law Firm Staff and Partners Are Ready to Quit: The Morning Minute
The news and analysis you need to start your day.
April 18, 2022 at 06:00 AM
6 minute read
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WHAT WE'RE WATCHING
RAISING AN ISSUE - It's Monday morning, so let's talk about quitting! If this were "Family Feud" and the challenge was to "name a reason people quit their jobs," the top answer would have to be something like "survey says: overworked and underpaid." Unfortunately, law firms are about to find that out in a much less fun-filled, Steve-Harvey-hosted way. Nearly two-thirds of legal workers plan to ask for a pay raise in 2022, according to a survey from staffing outfit Robert Half, with respondents pointing to a higher cost of living and added job responsibilities. Robert Half this week said that 59% of legal employees plan to ask for a raise this year and that more than a quarter of them (29%) will look for a new job if they don't get it. Jamy Sullivan, executive director of Robert Half Legal, told Law.com's Andrew Maloney that the number of workers saying outright that they will look for another job if a certain condition isn't met is "exponentially" higher now than it has been in the past. "I can't quote you an exact number. But I've been in the business 20 years, and I've personally not seen this kind of quit rate in my tenure here," she said.
EARLY EXITS - Feeling underpaid is obviously a major reason why people leave their jobs. But what about feeling the exact opposite way? Turns out that can have a similar effect. As Law.com's Dan Roe reports, some partners, having raked in plenty of money in recent years and facing a potential return to the office, are deciding to reduce their commitment to the firm or quit the profession altogether before "retirement age." California legal recruiter Larry Watanabe said law firm partners are reconsidering their careers after years of exceptional partner profits. "A lot of partners are going to end up retiring because they never envisioned earning this kind of money early in their career," Watanabe told Roe. "They've told me that point-blank—it wasn't long ago that $1 million was a reasonable level of income. That's a starter today. People's drive and motivation to continue practicing is going to change a lot because their wealth has increased so much."
WHO GOT THE WORK?℠ - Allyson R. Bennett and Joseph C. Gratz of Durie Tangri have entered appearances for Meta Platforms, the parent company of Facebook and other social media platforms, in a pending copyright infringement class action. The action, filed March 23 in California Northern District Court by Squitieri & Fearon and attorney Mario Iskander, contends that Facebook did nothing to stop the embedding of copyrighted videos or pictures on its platform from 2013 to 2021. The suit also claims that Facebook a mechanism for copyright owners to discover and prevent public display of their works. The case, assigned to U.S. District Judge Charles R. Breyer, is 3:22-cv-01847, Logan v. Meta Platforms, Inc. >>Read the complaint on Law.com Radar and check out the most recent edition of Law.com's Who Got the Work?℠ column to find out which law firms and lawyers are being brought in to handle key cases and close major deals for their clients.
FAT WALLETS? - Pomerantz LLP and Bronstein, Gewirtz & Grossman filed a securities class action Friday in California Central District Court against Fat Brands, franchisor of Johnny Rockets and other casual dining restaurants, and certain top executives. The complaint contends that the defendants have released annual reports since 2017 that neglect to disclose that certain Fat Brands executives have made financial transactions "for no legitimate corporate purpose." Counsel have not yet appeared for the defendants. The case is 2:22-cv-02541, Chipman v. Fat Brands Inc. et al. S tay up on the latest deals and litigation with the new Law.com Radar.
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EDITOR'S PICKS
'I'm Sick of It': From Pants to Pantyhose, Female Lawyers Are Tired of Wardrobe Scrutiny By Cedra Mayfield |
Veteran Mass. Attorney Disbarred for Allegedly Inflating Expenses by Hundreds of Thousands of Dollars By Jason Grant |
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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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