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The American Lawyer

UPDATE: Law Schools Begin Discussions with Law Firms After Open Letter on Antisemitism

While not commenting publicly, some T14 or New York-based law schools have been in discussions with law firms about preventing further incidents of antisemitism on campus, sources say.
7 minute read

The American Lawyer

'Tone Deaf' or 'Sign of Healthy Industry'? Am Law 100 Firm Leaders Weigh In on Milbank Raises

Some leaders in the lower half of the rankings no longer see elite firms' pay raises as a competitive pressure because the market has become so stratified.
8 minute read

The American Lawyer

Associate Pay Raises Escalate GC Fears of Billing Rate Hikes

Some GCs are voicing concerns about further rate hikes after associate pay raises. But Milbank's chair said the salary raises wouldn't have a material effect on its billing rate decisions in the future.
5 minute read

The American Lawyer

With Stroock Group, Hogan Lovells Seeks Bigger Bite Out of Big Apple

"They've made a lot of strides in building their corporate practice over the last few years," said one recruiter. "Adding this real estate practice to it only raises their profile more."
7 minute read

The American Lawyer

Litigators Are 'Scrambling' to Staff Cases, Battling Rate, Revenue and Quality Challenges

Associate staffing shortages are creating acute frustrations among litigation partners, but it may be an uphill battle to find and hire the right associates to dissolve the tensions.
6 minute read

The American Lawyer

Poor Mental Health Comes at a 'Staggering Cost' to Law Firms

On average, large law firms are losing nearly 10% or $21.9 million of annual staffing costs due to poor employee well-being.
3 minute read

The American Lawyer

'Across-the-Board' Cost Increases Are Prompting Law Firms to Alter Talent, Billing Calculus

Some law firms are pausing their promotions of senior associates to partner, and they're telling senior associates to be patient, said Laura Terrell, an executive coach and consultant.
5 minute read

The American Lawyer

Behind Stroock's Dissolution: Partnership Discord and Pension Burdens

"They didn't do anything when 45 people left a year ago," said a Stroock lawyer about firm leadership.
8 minute read

The American Lawyer

Partners Reluctant to Merge Can Tank Firms' Chances at Growth, Survival

Stroock & Stroock & Lavan missed its window of opportunity to find a merger partner, and now the firm is shutting down. Could leaders have done anything to secure greater support for their plans?
5 minute read

The American Lawyer

Big Firms Less Bullish on Growing Leverage Than a Year Ago, Survey Finds

Pre-pandemic, large firms were reserved in making changes to their equity partner head count. "But one of the interesting trends we saw in 2022 was there was a significant jump in firms growing equity partner head count," one researcher said.
6 minute read

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