Law firms see increase in labor and employment work
New data from the Hildebrandt Institute, a division of Thomson Reuters that provides law firm research and programming, shows that law firms are seeing an uptick in demand for labor and employment work.
July 30, 2012 at 06:23 AM
3 minute read
The original version of this story was published on Law.com
New data from the Hildebrandt Institute, a division of Thomson Reuters that provides law firm research and programming, shows that law firms are seeing an uptick in demand for labor and employment work.
According to Hildebrandt's Peer Monitor Index, which the company released on Friday, labor and employment work increased in demand by 4.2 percent during the second quarter of 2012. Meanwhile, there was a 0.2 percent decrease in overall demand for legal services.
Hildebrandt determines the index, which measures law firm profitability, by using a number of variables such as billing rates, expenses, productivity and demand.
The data shows that the demand for litigation work was flat in the second quarter, the demand for corporate work decreased by 2.1 percent, and the demand for real estate and bankruptcy work fell by 3 percent.
The index also found that firms in Los Angeles saw a 5 percent increase in demand legal work and that Silicon Valley firms saw a 2 percent increase in demand for legal work. Elsewhere, New York firms and Chicago firms saw a 1 percent decrease in demand for legal work, and firms in Washington, D.C., saw a 2 percent drop in demand for legal work.
Mark Medice, program director of Peer Monitor, told Thomson Reuters that he predicts 2012 will remain a challenging year for law firms. “Law firms have seen expenses growing but top line revenue remained fairly flat.”
For more recent InsideCounsel stories about law firms, read:
Lawyers, law firms among top contributors to presidential campaigns
The 25 best law firms to work for
UK law firms report flat revenues
Mergers of U.S. law firms dip in second quarter
Top law firms named by practice area
Law firms are a prime target for hackers
3 more law firms hope to open in South Korea
25 U.S. companies commit to using women and minority-owned law firms
InsideCounsel finds valuable resources in law firm lawyers
Law firm leaders expect permanent change to the industry
More law firms may end up like Dewey, Forbes says
Banks increasingly wary of lending to law firms
Law firm billing rates steadily climbing despite down economy
This content has been archived.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 All
SEC Ordered to Explain ‘How and When the Federal Securities Laws Apply to Digital Assets’
4 minute read
AI Disclosures Under the Spotlight: SEC Expectations for Year-End Filings
5 minute read
Apple GC’s Compensation Flat Again in 2024, but She Might Snag No. 1 Spot on Top-Paid List Anyway
Trending Stories
- 1'Not the President's Personal Lawyer': Lawyers Share Concerns Over How AG Pick Bondi’s Loyalism to Trump May Impact DOJ
- 2US Judge OKs Partial Release of Ex-Special Counsel's Final Report in Election Case
- 3The Demise of Truth and Transparency in Federal Sentencing
- 4Former Phila. Solicitor Sozi Tulante Rejoins Dechert
- 5'I've Seen Terrible Things': Lawyer Predicts Spike in Hazing Suits
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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
