Law News
Law news found and posted by the lawyrs community.
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Aug 29 2013
Law firms in Washington DC have fallen behind the national average on a number of key metrics: revenue, demand, productivity and billable hours.
A new survey by...
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Jul 23 2013
This article By Noam Scheiber in New Republic, entitled ‘The Last Days of BigLaw’ is making waves through the blogosphere and beyond. The article points out that the...
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Jul 18 2013
Mishcon de Reya has reported a 20 percent leap in average profit per equity partner, growing from £700,000 last year to £840,000 in the 2012/13 financial year....
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Jul 04 2013
The number of malpractice claims against law firms is on the rise, along with the number of multi-million dollar payouts, according to a new study.
Insurance...
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Feb 12 2013
A new report published by the National Association for Law Placement (NALP) shows a drop in the summer associate recruitment figures in the fall of 2012, continuing a...
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Jan 27 2013
Berwin Leighton Paisner is keeping just 64 per cent of its March qualifying trainees, though the firm has said that it intends to ‘bounce back’ in the next intake....
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Nov 25 2012
October is usually a busy month for the LSAT - the Law School Admission Test, but last month the number of people taking the test dropped 16.4 percent from the year...
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Aug 22 2012
US firm Murphy & McGonigle has made a high-profile addition to its partnership with the hire of veteran Justice Department lawyer Rob Park. The firm was founded in...
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Aug 07 2012
A survey of the law firms operating in Washington DC indicates that the “bigger is better” growth strategy might be a thing of the past. In fact, eight of the region’s...
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Aug 02 2012
Small law firms are starting to feel the impact of legal reforms in the UK, with more than a quarter of South West law firms at risk of going out of business over the...
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Jul 26 2012
A new survey shows that judicial salaries in the US are increasing by a mere one per cent annually. The report, put together by the National Center for State Courts,...
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Jul 09 2012
The US legal services sector remained steady last month, with marginal gains of around 200 positions to reach 1.1 million jobs.
Legal jobs have remained at around...
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Jul 05 2012
There were 25 mergers in the US in the first half of this year, up from 22 in the same period last year. The rate at which mergers are taking place does however seem...
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Jun 12 2012
At least 10 of the US’s roughly 200 law schools are decreasing their class sizes or have plans to do so, according to this article. The schools are eliminating revenue...
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May 24 2012
A real estate team has departed Portland law firm Ball Janik to launch a new law firm under the name Radler White Parks & Alexander.
The departures come after...
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May 16 2012
Here is an interesting article by Mark Harris, the chief executive of Axiom Law, a 900-person new-model legal services firm. Harris attempts to diagnose some of the...
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May 01 2012
Fourteen law firm mergers were announced in the US in the first three months of this year, according to a new report from legal consulting firm Altman Weil.
“Firms...
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Apr 24 2012
Here is a very good article that addresses the question of why large law firms fail. The article points out that a dozen firms that have folded over the past ten...
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Feb 02 2012
The cost-cutting measures undertaken by law firms in the recession – including smaller entry-level classes, stagnant salaries and an impossibly long road to...
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Feb 01 2012
This article in the Wall Street Journal points out that law firms are finally starting to recover from the recession, but that the returning good fortune is not being...
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Jan 15 2012
There were 60 mergers between US law firms last year – an increase of 53 per cent – according to a new report by legal consulting firm Altman Weil. The growth in...
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Dec 22 2011
Above the Law has been keeping a close eye on announcements regarding annual bonuses from large law firms. Their reporting has noted that the size of this year’s...
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Dec 02 2011
This article discusses the unexpected benefits of graduate job deferral. It says that while the prospect of having one’s graduate position deferred may be daunting...
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Dec 02 2011
Pro bono work at large law firms appears to be on the slide, as law firms cut costs in a difficult economy. Reports show that the average number of pro bono hours...
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Nov 07 2011
Newly released figures on diversity in US law firms shows a slight improvement in ethnic diversity at major firms. The percentage of minority lawyers at top US rose...
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Sep 06 2011
The US Bureau of Labor Statistics says the legal industry added just 100 jobs in August 2011. The Bureau’s reporting on the industry shows fluctuations in hiring over...
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Sep 06 2011
The summer associate recruitment process is well under way in Washington, where the largest law firms are hiring around the same number of summer associates as last...
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Jul 06 2011
Canadian law firms seem to have weathered the financial crisis and recession without seeing any major firms go under, without serious hits to the bottom line, and...
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Jul 04 2011
The American Lawyer magazine has released statistics showing that pro-bono output declined at the top 100 US firms in the past year, during which those same firms...
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Jun 21 2011
The effects of the recession are still being felt by law school graduates, with many firms still deferring their incoming classes.
At Proskauer Rose, the class of...
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Jun 21 2011
Here is an interesting article on law graduates that deal with the tough job market in the legal services industry by striking out on their own – launching new firms....
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Jun 16 2011
There is interesting coverage in the Wall Street Journal on the creation of a ‘third tier’ of legal practitioners in the US: temp or contract attorneys that perform...
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Jun 14 2011
Eversheds has reported that revenues remained flat at £355m in the 2010-2011 financial year, while profits increased by 3 per cent and Profits per equity partner...
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Jun 10 2011
The Am Law Daily has completed its Diversity Scorecard for 2010, showing a 0.2 per cent increase in the proportion of minority lawyers at big firms, to 13.9 percent....
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Jun 01 2011
The top 100 US firms by revenue seem to have recovered after a disastrous 2009, posting strong results in 2010: a 4 per cent increase in gross revenue, a 4.4 per cent...
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May 31 2011
Canadian law firms expecting a surge of business from India have been kept waiting, with the recession slowing things down. But things are starting to pick up, and...
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Apr 18 2011
Government cost cutting, at both the state and federal level, is threatening access to justice in the US, according to reports.
According to the Wall Street...
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Mar 30 2011
Interesting article here about the follow on effects of all those deferred start dates for associates during the height of the recession in 2008 and 2009.
The...
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Mar 09 2011
The Bureau of Labor Statistics has reported that US unemployment fell to 8.9 percent in February, but the legal industry lost 2,900 jobs in the same month.
In...
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Feb 23 2011
While lawyers across the industry have suffered from redundancies and pay freezes as a result of the recession, there are some lawyers who are still enjoying high...
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Jan 03 2011
US law firms seemed to be moving in the right direction on diversity issues, hiring more women, people of color and people with disabilities, until the recession...
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Dec 20 2010
Dawsons, a firm with 300 years of lawyering to its name, is showing signs of wobbling in the tough economic climate - asking staff to consider working a four-day week...
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Dec 16 2010
After escaping the firm’s last three redundancy rounds, the banking team at Dickinson Dees is now in redundancy talks, with plans to lay off two of the seven fee...
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Nov 30 2010
The US Government has taken the step of freezing salaries on federal employees for two years.
Lawyers who left big law looking for some stability during the...
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Nov 26 2010
This article from The Guardian observes that the legal industry’s love of corporate jargon
Last week, for example, DLA Piper heralded a fresh round of redundancies...
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Nov 09 2010
A new survey from the National Association of Women Lawyers (NAWL) indicates that things are getting even tougher for women in the top 200 law firms in the US....
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Nov 09 2010
The largest 250 law firms in the US have seen their lawyer headcount drop for the second consecutive year.
This year’s 1.1 per cent decrease in headcount...
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Nov 04 2010
An annual survey of the legal services market by PricewaterhouseCoopers has shown a widening gap between London’s biggest law firms and the mid-tier firms....
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Nov 03 2010
Before the recession, graduate starting salaries grew at a rate that considerably outstripped inflation. When the demand for legal services dropped, law firms moved to...
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Nov 01 2010
During the recession law school increased in popularity, with the number of LSAT takers climbing 20.5 per cent between 2007 and 2009, and law schools seeing more...
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Oct 12 2010
For the third month in a row, the US legal sector added jobs, with the Bureau of Labor statistics reporting an increase of 2,500 jobs in September.
While the...
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Oct 07 2010
2010 was another tough year for summer associates, with many firms reducing the size of their summer intake, cutting the length of their summer programs, or doing away...
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Oct 06 2010
This article contains some interesting insights on the state of play in the legal services industry after the recession.
The main thrust of the article is a...
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Oct 01 2010
Diversity efforts by US law firms have stalled, according to new data from the Minority Corporate Counsel Association and Vault.com.
The 2009 summer intake had the...
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Sep 30 2010
While the recent recession has slowed hiring at many law firms, costs of tuition and costs of living continue to rise. Law students are therefore beginning to look...
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Sep 22 2010
Associate pay seemed for some time to be directly linked to the financial health of law firms – when demand for legal services outstripped supply, the cost of labour...
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Sep 16 2010
A new study of salaries for US associates has shown that they have remained steady throughout the recession.
The report by the National Association for Law...
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Nov 17 2009
Law firms are growing increasingly confident about the year ahead, but any optimism is still guarded.
According to a survey carried out by accountancy firm Smith &...
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Apr 03 2009
UK regulatory lawyers at firms like London-based Simmons & Simmons bill as much as 1,000 pounds ($1,440) an hour for advising clients on the financial crisis and...
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Mar 26 2009
As if you needed someone to tell you, the global economic downturn has also been felt in the legal sector. According to the US Bureau of Labor Statistics, the legal...
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Oct 07 2008
A PANEL discussion on “Surviving a recession: a global perspective” is to form part of the forthcoming Global Reinsurance Forum in Boston. Peter Rogan, of Ince & Co,...
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Jul 31 2008
Cadwalader, Wickersham & Taft, the New York-based law firm founded in 1792, will fire 96 salaried lawyers in the U.S. and London because of "a significant slowdown''...
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Mar 09 2008
The UK’s top 100 law firms have continued to grow despite signs that the economic downturn is beginning to have an impact, according to the figures from Deloitte....
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Jan 23 2008
Over the past several years, with the economy booming and business brisk, New York City's best law firms scrambled to hire as many lawyers as they could out of school,...
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