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Law360 Pulse wanted to see how attorneys feel about their jobs as the pandemic continues into its second year. Are they satisfied with their work? Are they stressed? The results were mixed, but one thing is clear: firms are, by and large, helping. Here’s our latest deep dive into attorneys, firms, and satisfaction in a difficult year.
George Floyd's murder on Memorial Day 2020 spurred law firms and corporate law departments to commit to fighting racism and bias. One year later, Law360 Pulse looks at the impact of those pledges and whether they represent a path to longer-term change.
Summer associate programs underwent a radical shift in 2020 in response to the COVID-19 pandemic. What will the summer hold for law students in 2021? Find out what they are looking for and which firms stood out in the latest survey from Law360 Pulse.
After many attorneys have spent the last 14 months working remotely because of the COVID-19 pandemic, firms are now beginning to put together return-to-office plans. But many attorneys aren't interested in a return to the pre-pandemic status quo of working in the office every day. Law360 Pulse and Major, Lindsey and Africa partnered to survey more than 2,500 attorneys on how they feel about returning to the office.
Office and court closures caused by the COVID-19 pandemic were especially challenging for law firms' IT departments, which had to set up attorneys to capably work from home and protect the security of their data. Law360 Pulse's inaugural technology survey takes a deep dive into these adjustments and their demands on firms' pockets and personnel in 2020.
Law360 Pulse’s inaugural Partner Compensation Survey finds that firms made deep cuts to pay and reduced partner ranks in 2020 as COVID-19 swept around the planet, even as partners remain bullish on billable hours in a post-pandemic world.
Law360’s COVID-19 survey asked firms to take a look at how they might change their use of physical office space in the near future as lawyers and staff return to offices after the pandemic.
Check out all the winners of MVPs of the Year, Practice Groups of the Year, Rising Stars and Titans of the Plaintiffs Bar dating back to 2010.
The Law360 2020 Glass Ceiling Report shows that law firms continue to make only minimal progress in their efforts to dispel the barriers women face, especially as they move up the ranks.
The Law360 2020 Diversity Snapshot reveals a legal industry determined to move the needle but succeeding at a glacial pace, with firms struggling to tackle a lack of diversity that only increases as attorneys climb the ranks.
Right before the coronavirus pandemic upended the world, the largest U.S. law firms were getting bigger and widening the industry's size gap, according to Law360's annual tracking of the largest law firms in the country.
Many lawyers assume that becoming a rainmaker requires a significant investment of time and effort, but the truth is that building a consistent habit of business development can start with just 10 minutes of strategic outreach a day, says Paul Manuele at PR Manuele Consulting.
Certain law firm decisions — such as whether to challenge an executive order — cannot be crowdsourced, but leadership can collaboratively communicate these choices using strategies that build trust, reinforce values and preserve cohesion, says John Hellerman at Hellerman Communications.
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Biz Development Tip Of The Month: Create A Succession Plan
Conversations around retirement and succession can be understandably difficult, but when attorneys make a plan for the transition early and effectively, they have the opportunity to not only keep work but also increase it, says Jillian McKenna at Verrill Dana.
In recent years, top-tier law firms have pushed hourly rates to unprecedented heights, with some partners commanding $3,000 per hour — but this eye-popping number doesn’t tell the full story, as there are numerous caveats and rigorous winnowing along the way, says Christopher Seck at Squire Patton.
Law firms that successfully manage two-tiered partnership do so by creating a culture that treats everyone with respect and by establishing financial incentives outside their base compensation to reward performance, says Carol Morganstern at Major Lindsey.
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Biz Development Tip Of The Month: Leverage Your Atty Bio
If maintained properly, your firm bio can help attract potential clients and create authentic connections, so it's crucial to take steps to write an updated attorney profile that goes beyond a list of credentials, says Raychel Lean at Reputation Ink.
Law firm culture is often dismissed as a soft factor — merely platitudes on a website that seem disconnected from the bottom line — but by intentionally embedding a strong culture into day-to-day operations, law firms can achieve sustainable success, says Shireen Hilal at Maior Strategic Consulting.
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Biz Development Tip Of The Month
This year, experts shared 12 actionable strategies on building business in today's competitive legal market, from prioritizing human connections to maximizing the impact of thought leadership.
LinkedIn has several features law firms can use to showcase their capabilities and thought leadership to reach prospective and existing clients, including the Event and Live features, says Sofia Millar at Reputation Ink.
Law firms are expected to continue consolidating in the year to come, and because these mergers require a different kind of playbook, firm leaders must carefully consider office culture nuances, professional services economics and talent retention strategy before any merger, say directors at FTI Consulting.
In a market where clients have more options, tighter budgets and higher expectations, firms must figure out how to differentiate themselves without discounting their rates, and several practical strategies for pitching, pricing and early-engagement communication can help, says Shireen Hilal at Maior Strategic Consulting.
Law firm revenue cycles are becoming more complex and time-consuming, but hiring dedicated revenue cycle personnel can help streamline the process and reduce the burden on attorneys, says Christine Indiano at Harbor Global.
By initiating planning and processes to evaluate personal retirement goals and firm value early, longtime solo practitioners and small-firm owners can unlock a range of possibilities and potential buyers, setting up for a profitable exit and a rewarding transition, says Brent Daub at Gilson Daub.
Recent approaches to hiring chief marketing officers demonstrate how firms are reimagining their marketing and business development frameworks to stay competitive and responsive to evolving client needs, says Murray Coffey at M Coffey.