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January 22, 2024 | Corporate Counsel

Big Law Has 'False Sense of Security' as Clients Depart for Midsized Firms

Since the financial crisis of 2007-2008, "market power shifted decisively from law firms to the clients, rapidly moving from a sellers' to a buyers' market for legal services," a new report from Thomson Reuters and Georgetown Law says.
5 minute read
January 22, 2024 | Litigation Daily

Litigation Leaders: Terri Mascherin of Jenner & Block on Advantages and Challenges of Being By Far the Firm's Largest Practice

"A challenge of our structure is that, given its size, our litigation department must first and foremost be its own profit center, bringing in clients for litigation matters," says Mascherin, one of four co-chairs of the practice that makes up more than 80% of firm headcount and revenues.
10 minute read
January 22, 2024 | The American Lawyer

Linklaters' US Struggle: A Unique Problem or a Wider Challenge Facing Top UK Firms?

Rivals, consultants and ex-Linklaters partners share views on the firm's recent US expansion and whether it could finally see the firm compete, or highlights a wider challenge facing UK-founded firms in the US.
5 minute read
January 22, 2024 | Law.com

Should More Law Firms Follow Slaughters' 'Switch On/Off' Scheme?: The Morning Minute

The news and analysis you need to start your day.
4 minute read
January 22, 2024 | The American Lawyer

Baker McKenzie Lands Latham Dealmaker to Head California PE Practice

With Eric Schwartzman's arrival, "we are going to build a full-sized PE practice in California," said Leif King, head of Baker McKenzie's California transactional group.
3 minute read
Law Journal Press | Digital Book District of Columbia Legal Malpractice Law 2024 Authors: Shari L. Klevens, Alanna G. Clair View this Book

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January 22, 2024 | Law.com

Law School Admissions Officers Report Concerns About Diversity

While the Kaplan survey found that, almost universally, law schools say that diversity is important to administrators and students alike, one admissions officer who participated warned that the court's decision will have a "chilling effect on applications."
4 minute read
January 22, 2024 | National Law Journal

After 'Banner Year' in Growth, ArentFox Schiff Names New Leader

ArentFox Schiff is projecting about a 10% increase in RPL and more than 12% increase in PEP in 2023, according to new firmwide managing partner Brian Waldman.
3 minute read
January 22, 2024 | The American Lawyer

Should US Law Firms Offer 20% Less Pay for 20% Less Work?

Slaughter and May recently formalized a reduced-hours trial, but American firms have typically reserved such accommodations for people with extenuating circumstances.
9 minute read
January 22, 2024 | National Law Journal

No Origination Credits in Partner Pay? Covington Sees Advantages

While not tracking origination credits may carry some risks, Covington partners argue the pay model is at the heart of the firm's team-based approach in client work and has helped in attracting laterals.
6 minute read
January 22, 2024 | Law.com

'I Was Always Frustrated': Talc Federal Bankruptcy Judge Wants This Rule to Change

In a Jan. 10 letter, U.S. Bankruptcy Chief Judge Michael Kaplan of the District of New Jersey asked the Federal Committee on Rules of Practice and Procedure to change a rule that prohibits bankruptcy judges from appointing special masters.
6 minute read

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