NEXT
Sign in to follow

Texas Lawyer

Vinson & Elkins Revamps Management Structure, Elects New Leaders

Houston corporate partner Keith Fullenweider has been elected chairman of Vinson & Elkins, effective next year, along with three vice chairs to create a new executive committee.
4 minute read

Law.com

Law.com Trendspotter: Without Partner Buy-In, Letting Business Pros Run Your Law Firm Stops Making Sense

It is, unfortunately, all too common for law firm partners to side-eye business executives who are brought in to help steer the organization's strategy. But without mutual respect and some level of trust between lawyers and other high-level professionals, a firm's efforts to expand its C-suite can go sour in a hurry.
9 minute read

The American Lawyer

How Law Firms Are Crafting Strategy and Shaking Up Their C-Suite

Firms are increasingly open to new strategy perspectives, whether it's BCLP and Norton Rose Fulbright enlisting outside corporate consultants, or Kobre & Kim, which hired a consultant to grow its C-suite.
8 minute read

National Law Journal

Ex-Morrison & Foerster Operations Manager Pleads Guilty to Bilking Firm of $425K

The fraud scheme involved doctoring purchase records at the law firm to make it seem like personal expenditures had been intended for official business use, a federal prosecutor said.
3 minute read

The American Lawyer

The Much-Maligned Nonequity Tier Keeps Growing. Is That Such a Bad Thing?

Experts and observers have long raised red flags about a growing, and perhaps bloated, nonequity tier. But as firms notch record success in the pandemic and the nonequity tier keeps growing, have those fears been overblown?
8 minute read

The American Lawyer

Elite New York Firms' 2020 Financial Performance Furthers Strategic Advantage

Several New York firms engaged in some of their most expansive lateral hiring, while some also used the period to move further away from the strict lockstep partner pay model.
26 minute read

Law.com

Law.com Trendspotter: Law Firms Are Looking Harder Than Ever at Replacing Humans With Tech—but Where Is the Line?

The reality of remote work as a staple of the legal industry has spurred firms to take a close look at eliminating administrative staff positions that could theoretically be replicated with technology, but how much is too much when it comes to these types of cuts? We may not know where the line is until it's crossed.
9 minute read

New York Law Journal

Group of Lawyers Was Not a 'Partnership', Did Not Owe Fiduciary Duties

In this edition of his Law Firm Partnership Law column, Arthur J. Ciampi discusses the decision in 'Epstein v. Cantor', which is a reminder that the use of the name "partnership" or even the filing of an entity as a partnership with New York state is not controlling concerning whether the parties are truly partners for purposes of the law.
8 minute read

The Legal Intelligencer

FisherBroyles Continues String of Hires From Faegre Drinker With Environmental Practice Chair

Chris Boyle is the fourth lateral partner joining FisherBroyles from Faegre Drinker this year.
4 minute read

Law.com

Talking Trendspotter: Readers Say Nonequity Partner Tiers Are 'Useful but Widely Misused'

"When used with people still developing, the nonequity tier creates a private distinction among partners only within the firm while giving the public title of 'partner' even to those who have not yet demonstrated (and may never demonstrate) owner-like qualities," one former AmLaw 100 partner wrote.
7 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

  • The Role of Evolving Support Structures in Optimizing Legal Talent

    Brought to you by BigHand

    Download Now

  • Corporate Monitorship Advisory Services

    Brought to you by HaystackID

    Download Now

  • AI-Powered Deposition and Medical Record Summaries: Low Risk, High Reward

    Brought to you by Parrot

    Download Now

  • Aligning Client Needs with Lawyer Growth and Profitability

    Brought to you by BigHand

    Download Now