Try our Advanced Search for more refined results
U.S. law firm revenue rose 12.5% on average in 2024 compared to the previous year, marking the industry's biggest jump in revenue outside of 2021, with the 50 largest law firms driving the average upward with outsized increases in income and profits, according to the results of a survey released Wednesday.
Many U.S. law firms have actively grown their non-equity partner ranks in recent years, creating more high-level job opportunities within law firms in what appears to be a win for young lawyers. But what seems like a positive development could come with some caveats, experts say.
As the legal industry grows ever more competitive, smaller regional firms are seeking new strategies to level the playing field with their larger counterparts. The solution many are turning to? Mergers.
Phillips Black Inc., Ridley McGreevy & Winocur PC and King & Spalding LLP lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court revived claims from a woman on death row in Oklahoma that prosecutors unfairly sex-shamed her and relied on gender-based stereotypes to convince a jury that she had killed her estranged husband for insurance money.
The legal industry had another busy week as BigLaw firms shuffled practices and President Donald Trump began his second term with a flurry of policy changes and appointments. Test your legal news savvy here with Law360 Pulse's weekly quiz.
Dechert LLP has started multiple visionary programs since creating an Innovation Task Force eight years ago. Devin Swaney, New York-based innovation partner at Dechert, talked to Law360 Pulse about how innovation is in the firm’s blood.
Burr & Forman's work on an asset management company sale and Brownstein Hyatt handling a challenge to federal land redesignation on behalf of the Navajo Nation lead this edition of Law360 Pulse's Spotlight on Mid-Law Work, recapping the top matters for Mid-Law firms from Jan. 10 to 14.
After being unanimously elected to his fourth term as head of Ohio-based firm Benesch Friedlander Coplan & Aronoff, Gregg Eisenberg says that he is looking to continue on with the same strategy that has seen the firm significantly expand its geographic reach and headcount during his tenure.
One year after nearly half of the partners at FisherBroyles LLP left to form the breakaway firm Pierson Ferdinand LLP, both firms have grown their headcount and reported a successful 2024, and industry observers say it demonstrates the appeal of their offbeat model as partner-only and fully remote.
While most attorneys have volunteered pro bono services at some point in their career, many lawyers are not meeting the American Bar Association's goal for every lawyer to provide 50 hours of pro bono work every year, and lack of time was the biggest discouraging factor, according to a recent report.
Delaware State University's general counsel has been nominated to serve as secretary of the state's Department of Labor, with new Gov. Matt Meyer calling his nominee "a proven leader" who advocates for workers' rights.
Burr & Forman LLP announced Thursday that the former vice chancellor and general counsel of the University of North Carolina at Chapel Hill will join the firm at the start of March as its new chief operating officer.
The last five years have brought with them some major changes in both new lawyer and lateral attorney recruiting, according to experts, leaving large law firms scrambling to find internal recruiting professionals to navigate what some are calling the "Wild West" of hiring.
On his first day back in office, President Donald Trump signed executive orders to launch his promised immigration crackdown. And the solo and small firm attorneys who make up the vast majority of the nation’s immigration bar are at the front lines preparing to fight for their clients.
Law360 Pulse asked corporate counsel to identify some common misconceptions about working in-house and share their thoughts on the rewards and challenges of their jobs. Here's what they said.
Law360 Pulse asked in-house counsel about their jobs, workplace and career prospects. Find out how satisfied corporate lawyers are with their schedules, hours, work-life balance, opportunities for advancement and more.
It may once have been that the typical in-house lawyer worked a 40-hour week, but that no longer appears to be the case for many corporate counsel, with more than 40% reporting they exceed 50 hours at work each week in a recent survey by Law360 Pulse.
In-house attorneys report high job satisfaction when it comes to schedule flexibility, team collegiality, and compensation, but concerns linger about workload and career advancement, particularly for mid-level lawyers seeking to climb the career ladder, according to a new Law360 Pulse report.
While most in-house lawyers seem generally happy with their outside counsel, about 9% of participants in Law360 Pulse's first In-House Counsel Satisfaction Survey want more, saying they are fed up with being nickel-and-dimed while receiving low quality work and poor communication from their outside attorneys.
Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2024, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughout the legal industry this past year.
Eight law firms have earned spots as Law360's Firms of the Year, with 54 Practice Group of the Year awards among them, steering some of the largest deals of 2024 and securing high-profile litigation wins, including at the U.S. Supreme Court.
Keller Postman LLC, Ward & Smith PA, Pope McGlamry PC and Bartimus Frickleton Robertson Rader PC lead this week's edition of Law360 Legal Lions, following the U.S. Supreme Court's ruling that after a Missouri resident dropped her federal claims in a putative class action over alleged mislabeling of prescription dog food, the case was properly sent back to state court.
Benesch Friedlander Coplan & Aronoff LLP has unanimously reelected its managing partner to a fourth consecutive term as head of the firm after years of successfully growing its headcount and revenue.
The legal industry had another busy week as law firms inked new deals, elevated attorneys and expanded practices. Test your legal news savvy here with Law360 Pulse’s weekly quiz.
Women, people of color and women of color keep setting records for representation in the nation's legal industry, but a smaller percentage of Black summer associates may portend future challenges, according to a report released Thursday.
ChatGPT and other generative artificial intelligence tools pose significant risks to the integrity of legal work, but the key for law firms is not to ban these tools, but to implement them responsibly and with appropriate safeguards, say Natalie Pierce and Stephanie Goutos at Gunderson Dettmer.
Opinion
We Must Continue DEI Efforts Despite High Court HeadwindsThough the U.S. Supreme Court recently struck down affirmative action in higher education, law firms and their clients must keep up the legal industry’s recent momentum advancing diversity, equity and inclusion in the profession in order to help achieve a just and prosperous society for all, says Angela Winfield at the Law School Admission Council.
Law firms that fail to consider their attorneys' online habits away from work are not using their best efforts to protect client information and are simplifying the job of plaintiffs attorneys in the case of a breach, say Mark Hurley and Carmine Cicalese at Digital Privacy and Protection.
Though effective writing is foundational to law, no state requires attorneys to take continuing legal education in this skill — something that must change if today's attorneys are to have the communication abilities they need to fulfill their professional and ethical duties to their clients, colleagues and courts, says Diana Simon at the University of Arizona.
In the most stressful times for attorneys, when several transactions for different partners and clients peak at the same time and the phone won’t stop buzzing, incremental lifestyle changes can truly make a difference, says Lindsey Hughes at Haynes Boone.
Series
Ask A Mentor: How Can I Support Gen Z Attorneys?Meredith Beuchaw at Lowenstein Sandler discusses how senior attorneys can assist the newest generation of attorneys by championing their pursuit of a healthy work-life balance and providing the hands-on mentorship opportunities they missed out on during the pandemic.
A recent data leak at Proskauer via a cloud data storage platform demonstrates key reasons why law firms must pay attention to data safeguarding, including the increasing frequency of cloud-based data breaches and the consequences of breaking client confidentiality, says Robert Kraczek at One Identity.
There are a few communication tips that law students in summer associate programs should consider to put themselves in the best possible position to receive an offer, and firms can also take steps to support those to whom they are unable to make an offer, says Amy Mattock at Georgetown University Law Center.
Many attorneys are going to use artificial intelligence tools whether law firms like it or not, so firms should educate them on AI's benefits, limits and practical uses, such as drafting legal documents, to remain competitive in a rapidly evolving legal market, say Thomas Schultz and Eden Bernstein at Kellogg Hansen.
Dealing with the pressures associated with law school can prove difficult for many future lawyers, but there are steps students can take to manage stress — and schools can help too, say Ryan Zajic and Dr. Janani Krishnaswami at UWorld.
Amid ongoing disagreements on whether states should mandate implicit bias training as part of attorneys' continuing legal education requirements, Stephanie Wilson at Reed Smith looks at how unconscious attitudes or stereotypes adversely affect legal practice, and whether mandatory training programs can help.
To become more effective advocates, lawyers need to rethink the ridiculous, convoluted language they use in correspondence and write letters in a clear, concise and direct manner, says legal writing instructor Stuart Teicher.
Series
Ask A Mentor: How Can I Negotiate My Separation Agreement?Kate Reder Sheikh at Major Lindsey discusses how a law firm associate can navigate being laid off, what to look for in a separation agreement and why to be upfront about it with prospective employers.
Recent legal challenges against DoNotPay’s "robot lawyer” application highlight pressing questions about the degree to which artificial intelligence can be used for legal tasks while remaining on the right side of both consumer protection laws and prohibitions against the unauthorized practice of law, says Kristen Niven at Frankfurt Kurnit.
At some level, every practicing lawyer is experiencing the ever-increasing speed of change — and while some practice management processes have gotten more efficient, other things about the legal profession were better before supposed improvements were made, says Jay Silberblatt, president of the Pennsylvania Bar Association.