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WHAT WE'RE WATCHING

TRANSFER OF POWER - Ah, we'll never forget the brief reign of the Big Law associate. For the past two years, talent—especially young talent—has wielded its collective power to change where they can work, how they get paid, and even at times who a law firm represents. With demand riding high, it's been in firms' best interest to cater to the people who are actually doing all that work. But, as Law.com's Gina Passarella writes in this week's Law.com Barometer newsletter, a slowdown in demand could potentially put clients back in the driver's seat, which would have ramifications for all types of legal services providers. "The question moving forward really becomes not just whether clients will have more authority over how legal services are provided, but whether they will now wield their power in a way that creates other changes to the firm structure," Passarella writes. "Would a possible recession result in simply a shift in buying decisions or might it also force more meaningful conversations on alternative fees, diversity, travel, technology, collaboration and the many other topics clients have spoken about for decades. One thing the pandemic has taught us, and shown to clients, is how quickly organizations can change when they have to." To receive the Law.com Barometer directly to your inbox each week, click here.

RISING (IN-)HOUSE PRICES -  Clients may be regaining sway over law firms after a few years of playing second fiddle to associates and partners, But in-house departments themselves have faced plenty of pressure during the talent war too. As Law.com's Hugo Guzman reports, median total compensation for in-house counsel across all industries and positions rocketed 21% higher in 2020, according to a new study that attributed the spike to the steep challenges companies faced attracting and retaining talent in a tight market. The study from the New York-based executive search firm BarkerGilmore was based on surveys released in March and April. It found that base pay last year climbed just 9%, but bonuses rose 37% and long-term incentives shot up 100%. In 2020, a year when many companies adopted austerity measures because of the COVID-19 pandemic, median total compensation rise 4%, according to last year's iteration of the report. "Retaining and recruiting top talent was a focus for every company in 2021 as business demands escalated even further than 2020," said John Gilmore, founder partner of BarkerGilmore. "The candidate-driven market prevailed in compensation packages, employer flexibility and company culture. Companies in any one of these areas certainly faced challenges."

WHO GOT THE WORK?℠ - Dayna C. Cooper of Cooper Legal and Adeyemi O. Adenrele of Barnes & Thornburg have stepped in to represent Biz Markie Inc. and Jennifer Izumi in a pending trademark lawsuit. The suit accuses Izumi of misappropriating funds and wrongfully obtaining access to intellectual property rights related to the "Biz Markie" mark as the power of attorney. Biz Markie, whose given name was Marcel Theo Hall, was the late rapper and DJ known for his 1989 single "Just a Friend." The suit was filed March 23 in District of Columbia District Court by Venable and Greenspoon Marder on behalf of Markie's wife Tara Hall as the personal representative of Markie's estate. The case, assigned to U.S. District Judge Colleen Kollar-Kotelly, is 1:22-cv-00806, Hall v. Biz Markie Inc. et al.  >> Read the filing 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.