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Firm Leaders Tackle Minority Lawyer Attrition
Dallas managing partners are joining forces in a multifirm collaboration to find ways to lower attrition rates among minority attorneys, according to the managing partners of four of Texas' largest firms.Firms Losing Top Talent to Clients
Law firms that have watched attorneys move to in-house jobs with their clients traditionally viewed departures as an endorsement of their services and a way to re-enforce connections with clients. But with talent in high demand, law firms aren't so eager to say goodbye. "Even if it's to a client, you still don't want to lose your top talent," says Sonnenschein's Kara Baysinger. But going in-house is attractive to outside counsel who perceive in-house positions as offering a work-life balance.The Incredible Shrinking Class
First-year associate classes at Texas� largest firms are smaller than they were a year ago. And salaries are relatively flat with the previous year while offer rates have improved to second-year law students who clerked at the firms this past summer.Firm by Firm: How They Fared Financially in 2002
Considering the rocky terrain of the economy in 2002, it was a reasonably good year for large Texas firms, with the state's highest-grossing firms bringing in 7.9 percent more in revenues than in 2001. The 26 firms on the Texas 25 list of the highest-grossing firms in Texas in 2002 -- it's actually 26 because two firms tied for the last spot on the list -- raked in a total of $4.1 billion in revenue.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
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