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The American Lawyer

Separation Between Big Law Elites and the Rest Is Intensifying

Talent wars, mergers and rate increases all relate to the deepening divide between a few big firms and the rest of the legal industry.
7 minute read

The American Lawyer

Senior Attorneys Are Disengaging From Young Lawyers and Driving Them to the Exits

When associates aren't getting coaching and don't see a path to more meaningful work, they become more mobile.
4 minute read

The American Lawyer

Lack of Understanding Hampers Military Veteran Recruitment in Big Law

"As a veteran, you have a sense of responsibility and ownership over your job that is incomparable to things in the civilian world," Skadden associate and Army veteran Vincent Chiappini said.
5 minute read

Corporate Counsel

Law Firms' Rate Hikes Clash With Shrinking Legal Department Budgets

"Some law firms seem to prioritize their bottom line over the economic reality of their clients, perhaps for a host of reasons," said Fred Paulmann, a former senior attorney at Pfizer Inc. who has since founded the Counsel Management Group. "What is sustainable and what is not?"
5 minute read

The American Lawyer

'Top Dollar for Top Judgment': In Public and Behind Closed Doors, Big Law Investigations Practices Are Booming

A recent string of high-profile investigations in professional sports and the film industry are out in the open, and changing DOJ policy is likely to yield many more probes that won't see the light of day.
8 minute read

The American Lawyer

Referral Bonuses Are the Latest Trend Fueled by the Tight Talent Market

Financial incentives for attorneys to bring aboard laterals offer law firms a cost-effective way to keep up.
5 minute read

The American Lawyer

As the Talent War Stokes Paranoia About Exits, Law Firms Employ Risky Retention Strategies

One firm is paying lawyers to stay off LinkedIn, while others are discouraging networking and bar association involvement to keep their lawyers hidden from the competition.
6 minute read

The Recorder

How Baker McKenzie's Silicon Valley M&A Team Reached Critical Mass in 2 Years

For Baker McKenzie's strategic plan "the piece that was missing to unlock everything was to have an A-quality execution M&A team, here, in this market," partner Leif King said.
6 minute read

The American Lawyer

How Should Law Firms Use Their Windfall of Profits?

Law firms' excess profits from spending cuts in 2020 and high demand this year are creating opportunities to improve the business model.
4 minute read

The American Lawyer

Trump and the Pandemic Slowed FCPA Investigations, but White-Collar Attorneys Expect an Uptick in Work

FCPA enforcement was perceived by many lawyers as less of a priority under the previous administration. Now, that's all changed.
7 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

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