Dan Packel is an editor on the Business of Law desk at ALM. He writes a weekly briefing for Law.com, "The Law Firm Disrupted," on change and innovation in the legal marketplace. He is based in Philadelphia. Contact him at [email protected]. On Twitter at @packeld
August 28, 2020 | The American Lawyer
Arizona OKs Outside Ownership of Law FirmsThe state is the first jurisdiction to scrap Rule 5.4, which has historically barred nonlawyers from both fee sharing and from having an economic interest in a law firm.
By Dan Packel
3 minute read
August 27, 2020 | Law.com
Doing Good Is Good For BusinessCompanies aren't just hiring law firms to support their efforts at being better corporate citizens. They're training a gimlet eye on firms' own efforts to be greener and improve their own social impact.
By Dan Packel
6 minute read
August 27, 2020 | The American Lawyer
Surge in 'Blank Check' Companies Keeps SPAC Specialists BusyThe relatively new arrow in private equity's quiver is gaining staying power, and so have the lawyers handling the unique offerings.
By Dan Packel
6 minute read
August 24, 2020 | The American Lawyer
Heed Jones Day's 'One Firm Worldwide' Rhetoric, Plaintiffs Urge Judge in Gender Bias SuitJones Day has argued that three female former associates can't compare salaries across offices. The plaintiffs say that the firm's longstanding pronouncements about its level of unity speaks to a deeper truth.
By Dan Packel
4 minute read
August 24, 2020 | The American Lawyer
Manatt Lands 2 Cryptocurrency Partners From FisherBroylesCorporate partner Marc Boiron and litigation partner Rebecca Rettig realized that their blockchain work complemented each other when they arrived at the "virtual" firm within a year of each other. They say Manatt's "hybrid" practice is a step forward.
By Dan Packel
3 minute read
August 20, 2020 | Law.com
Roll It BackIf there's any message to be taken from the steady stream of law firms rolling back compensation cuts, it's that the sky hasn't fallen.
By Dan Packel
7 minute read
August 20, 2020 | The American Lawyer
More Firms Are Partially Restoring Pay, but Full Salaries May Wait Until 2021Pillsbury, K&L Gates and Crowell & Moring are the latest firms to walk back some of their pandemic-related pay cuts.
By Christine Simmons | Dan Packel
5 minute read
August 19, 2020 | The American Lawyer
Reed Smith Partially Walks Back Pay Cuts for Lawyers, StaffThe complete rollback of pay cuts is not expected this year. "It is anticipated that the compensation reductions as of September 1 will be in place through year-end," according to a Wednesday statement from the firm's leader.
By Dan Packel | Christine Simmons
2 minute read
August 19, 2020 | The American Lawyer
Remote School Is Now a Marathon, Not a Sprint. How Will Firms Support Parents?Affinity groups, outside resources and flexibility in work arrangements are on the table, while some leaders are promising to be understanding when it comes to billing requirements.
By Dan Packel
6 minute read
August 19, 2020 | The American Lawyer
America's CEOs Stated A New Goal. Now Law Firms See Opportunities in Getting Them ThereFirms such Wachtell, Paul Weiss, Freshfields and Winston & Strawn are guiding clients toward ESG goals.
By Dan Packel
9 minute read
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