Women Lawyers Want Better Work-Life Balance, More Support: The Morning Minute
The news and analysis you need to start your day.
May 08, 2023 at 06:00 AM
4 minute read
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WHAT WE'RE WATCHING
A PERSISTENT PROBLEM - Women lawyers leave Am Law 200 firms for "thoroughly depressing" reasons, such as a lack of support from the firm in providing maternity leave or child care and the stress of meeting billable-hour targets, a new survey from legal intelligence provider Leopard Solutions finds. As Law.com's Brenda Sapino Jeffreys reports, the concerns are so deep that only 58% of the nearly 200 Am Law 200 women lawyers who participated in the survey would recommend a legal career to their daughter. "For those who said no, the reasons cited were that they did not like what they were still experiencing—sexism. The same experiences their mothers had in the '80s," the report said.
TEMP JOBS? - The legal industry at large notched another month of dependable hiring in April, according to a Friday report from the Bureau of Labor Statistics, which indicated a slight increase over March at 1,179,400 total positions. As Law.com's Dan Roe reports, the minor uptick marked another month of consistency for a sector of the US job market that has more than rebounded from the impact of the pandemic, even if uncertainty in Q3 of 2022 cut 13,000 positions over two months. Since the end of 2022, the legal sector has maintained 20,000 more jobs than it had at the beginning of 2020. However, the short-term stability contrasts with analysts' predictions of a recession beginning in Q3, calling into question whether Big Law and the legal industry may hold onto the lion's share of head count gains achieved since 2020.
ON THE RADAR - Progressive was slapped with an insurance class action Friday in Virginia Eastern District Court. The suit accuses Progressive of arbitrarily applying a 'Projected Sold Adjustment' deduction when calculating actual cash values for total loss payouts. According to the suit, the deduction is based on an inaccurate assumption that the final sales price of the vehicle will be negotiated below the list price. The complaint was filed by Shamis & Gentile, Edelsberg Law and Liles Parker. Counsel have not yet appeared for the defendant. The case is 1:23-cv-00605, Crowley v. Progressive Gulf Insurance Co. Stay up on the latest deals and litigation with the new Law.com Radar.
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Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
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