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June 14, 2023 | The American Lawyer

Big Law Continues to Face Layoffs, Deferrals Amid Depressed Demand

Several Big Law firms have announced layoffs and associate class deferrals as they face depressed demand across sectors and geographies.
3 minute read
June 14, 2023 | Corporate Counsel

What a Startup GC Learned From Spending a Year on a 1,000-Person Legal Team

"My experience with growing a small legal team is I need people that are generalists. ... Generalists can step out of their comfort zone, their area of expertise, and jump in on other legal needs and feel comfortable," said Mike Chapin, Kustomer's chief legal officer.
8 minute read
June 13, 2023 | The American Lawyer

Orrick Lays Off Attorneys and Staff, Defers Incoming Class

The firm is letting go of about 40 associates and 50 staff members due to reduced client demand in some areas and the impact of technology, data and the evolving workplace on the type of support it needs to operate.
2 minute read
June 13, 2023 | New York Law Journal

Deal Watch: Wachtell Has Big Week as PGA/LIV Merger Looks … Shaky

Wachtell worked on two of the four largest deals of the week, but one of them is running into a bit of scrutiny.
10 minute read
June 12, 2023 | The American Lawyer

Deal Watch: Wachtell Has Big Week as PGA/LIV Merger Looks … Shaky

Wachtell worked on two of the four largest deals of the week, but one of them is running into a bit of scrutiny.
10 minute read
June 12, 2023 | The Legal Intelligencer

People in the News—June 12, 2023—McMonagle Perri, Rawle & Henderson

Charles M. Gibbs of McMonagle Perri McHugh Mischak Davis received the J. Austin Norris award from the Barristers' Association of Philadelphia at their annual awards & scholarship gala on May 20.
3 minute read
June 11, 2023 | Law.com

What a Difference a Year Makes for Law Firm Associates

The power dynamic inside law firms has shifted. Intense talent wars are gone, demand for legal services has dropped, COVID alerts have been canceled and partners once again can call the shots. Associates have lost their leverage — for now. But pendulums swing back and forth. How long can partners maintain the upper hand?
8 minute read
June 09, 2023 | The American Lawyer

Associate Deferrals Reveal Concerns of a Sustained Downturn, Especially in Tech

Deferrals of incoming law firm associates have thus far been tethered to the hard-hit tech sector, yet legal consultants said they wouldn't be surprised to see more firms change course in the coming months.
4 minute read
June 09, 2023 | The Recorder

On the Move: Tracking the Ins and Outs of California Lawyers

New hires, promotions and awards from across the California legal market.
4 minute read
June 08, 2023 | Law.com

The Law Firm Disrupted: Interest Rates are Hurting Law Firm Valuations

Hunton Andrews Kurth CFO Madhav Srinivasan calculated his annual figures for Am Law 100 valuations, finding that these firms as a whole dropped in value for the second straight year.
4 minute read

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