Law Firms Are Planning More Staffing Adjustments: The Morning Minute
Want to get this daily news briefing by email? Here's the sign-up. WHAT WE'RE WATCHING CUT CAREFULLY - Here's a one-liner that will absolutely…
August 22, 2023 at 06:00 AM
4 minute read
Want to get this daily news briefing by email? Here's the sign-up.
WHAT WE'RE WATCHING
CUT CAREFULLY - Here's a one-liner that will absolutely slay at your next seminar: too often in the legal industry, "rightsizing" is more like "right-now-sizing." A majority of law firms surveyed by legal tech company BigHand—63%—say they're planning to make changes to their support staff structure over the next two years, including centralizing teams and upping secretary-to-lawyer ratios, as well as outsourcing. But Briana McCrory, CMO for BigHand, emphasized that firms need to have a solid understanding of the data before making structural changes or head count reductions because shortsighted moves today can end up causing major headaches in the long run. Law firms "need to understand what level and type of support is required to best support their business both now [and] in the future. Support staff structures will continue to evolve over the next several years, so firms should be focused on longer-term goals when making these decisions," McCrory told Law.com's Andrew Maloney. "If they get this wrong, not only is it costly and difficult to find replacements, but it will also likely impact their lawyers and clients."
THE DESPERATION OF INDEPENDENCE - In law firms, just as in life, there is a point where insisting on toughing out hardships alone crosses over from somewhat noble to totally foolish. As Law.com's Amanda O'Brien reports, while it's no surprise that financially healthy midsize firms' desire for autonomy leads them to reject merger offers, partners' preference for independence can also prevent not-so-healthy firms from seeking mergers until it is too late for the firm to survive. Zeughauser Group partner Kent Zimmermann told O'Brien that "firms prize their independence so much that they usually don't want to think about a deal or combination with a larger firm until they're weakening." "They miss the window [to merge] from a position of strength," he said. "It should be the opposite of that. … If the desired outcome is to create the strongest possible firm, that's more likely to happen when a firm is in a position of strength."
ON THE RADAR - Mandell Menkes was hit with a biometric privacy lawsuit Aug. 18 in Illinois Circuit Court for Cook County. The court action was brought by DC Law on behalf of a former legal secretary for the Chicago-headquartered law firm who contends that her fingerprints were scanned and stored in its time clock system in violation of the Illinois Biometric Information Privacy Act. The case is 2023L008294, Gagen v. Mandell Menkes LLC. Stay up on the latest state and federal litigation, as well as the latest corporate deals, with Law.com Radar.
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
© 2025 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.
You Might Like
View AllRising Varied Investment Products, Regulatory Activity Drive Demand in Investment Funds
NHL Agent, Business Can't Sell Assets to Dodge $1M in Judgments, Federal Judge Says
Law Firms Mentioned
Trending Stories
- 1Who Are the Judges Assigned to Challenges to Trump’s Birthright Citizenship Order?
- 2Litigators of the Week: A Directed Verdict Win for Cisco in a West Texas Patent Case
- 3Litigator of the Week Runners-Up and Shout-Outs
- 4Womble Bond Becomes First Firm in UK to Roll Out AI Tool Firmwide
- 5Will a Market Dominated by Small- to Mid-Cap Deals Give Rise to a Dark Horse US Firm in China?
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
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.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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