April 12, 2024 | The American Lawyer
Litigation Funders' Pitch to Corporate Litigants: Turn Your Lawsuit Into an AssetA $40 million agreement between Quinn Emanuel and Longford Capital illustrates how law firms are seeking to make third-party finance more appealing to their clients.
By Justin Henry
5 minute read
April 10, 2024 | The American Lawyer
At 18%, Law Firm Associate Attrition Rate Continues 2-Year Decline"Starting with the pandemic years we saw high levels of attrition, and we're starting to see those attrition levels start to revert to what we saw pre-pandemic," said Jennifer Mandery, vice president for research at the NALP Foundation.
By Justin Henry
4 minute read
April 09, 2024 | New York Law Journal
City Bar Proposal Would Formally Allow Fee Sharing With Litigation FundersThe New York City Bar Association's professional responsibility committee proposed statewide changes to Rule 5.4 that would allow lawyers to pledge security interests in unrecovered legal fees to non-lawyers, including third-party financers.
By Justin Henry
6 minute read
April 08, 2024 | The American Lawyer
Goodwin Gains 5 Cooley Partners in BostonThe group has been practicing as a team for over a decade, according to Pat Mitchell, who founded Cooley's Boston office in 2007.
By Justin Henry
5 minute read
April 03, 2024 | The American Lawyer
Petitioners Seek to Remove 'Non-Lawyer' From ABA Vocabulary. Lively Discussion EnsuesOlga Mack, a fellow at the Stanford Center for Legal Informatics, and Damien Riehl, vice president and solutions champion at legal tech platform vLex, hope to generate a conversation that will make lawyers think twice about how they refer to their colleagues.
By Justin Henry
6 minute read
April 03, 2024 | Pro Mid Market
Legal Malpractice Claims Are Growing in Severity. How Can Midsize Firms Protect Themselves?"If a transaction goes awry or someone buys a business that doesn't turn out the way they want it to be," clients sometimes direct their litigation at the lawyers who represented them in the deal, said an attorney who represents fellow attorneys in malpractice cases.
By Justin Henry | Alexander Lugo
6 minute read
April 02, 2024 | The American Lawyer
Major Lindsey & Africa 'Blackballed' Associate Who Sued Troutman, Suit ClaimsGita Sankano claims that after she sued the Am Law 100 firm, Major Lindsey told its recruiters to refrain from working with her even as she was being considered as a candidate by another law firm.
By Justin Henry
4 minute read
April 01, 2024 | The American Lawyer
After 47 Years, Denver's Moye White to Wind Down After Most Lawyers Join Fennemore Craig"We've found this mass lateral hiring works depending on the situation," said Fennemore CEO James Goodnow. "It's a very clean way to do a transaction."
By Justin Henry
5 minute read
March 29, 2024 | The American Lawyer
Revenue Flattens at Dechert, But Firm Sees 'Turnaround' in Interest Rate-Sensitive Practices"The last three years, when you look at them as a whole, were the best three years we've ever had," said co-chair David Forti.
By Justin Henry
6 minute read
March 28, 2024 | The American Lawyer
RPL Hits New Peak at Reed Smith, as Profits Stagnate Amid Mounting Costs"We saw financial growth from top 200 clients, including significant increases in international engagements, which indicates that our global platform is working for our international clients," said global managing partner Casey Ryan.
By Justin Henry
5 minute read