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Think Inflation Is Bad? BigLaw Rate Hikes Are Worse

By Aebra Coe

BigLaw firms are almost certainly looking to ward off drooping profits this year as demand slackens and expenses increase following a series of associate raises. How will they do it? More likely than not by increasing the cost of their services.

  • Mid-Law

    Seward & Kissel Will Go Remote In August

    Seward & Kissel LLP is returning to a fully remote work model throughout the latter half of the summer and winter holidays, the firm announced Wednesday.

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    Modern Lawyer

    Finnegan Elects New Managing Partner In Leadership Shuffle

    Washington, D.C.-based intellectual property firm Finnegan Henderson Farabow Garrett & Dunner LLP announced Wednesday that it has elected a new firmwide managing partner as former leader Anand Sharma moves up to become the firm's chair.

  • Courts

    Breyer To Officially Step Down Thursday At Noon

    Justice Stephen Breyer, a key member of the Supreme Court's liberal bloc since he joined in 1994, will officially retire from the high court at noon on Thursday as Justice-designate Ketanji Brown Jackson takes the oaths to become the 116th member of the institution.

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    Modern Lawyer

    Winston & Strawn Adds To Miami Growth With 2 Partners

    Winston & Strawn LLP's Miami office is a little more than a month old, but it has already announced its second round of additional hires, with the latest group being made up of two new partners from Greenberg Traurig LLP as well as an of counsel and three new associates from Greenberg Traurig and Shutts & Bowen LLP.

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    Modern Lawyer

    IT Pro Was 'Stupid' To Obey Jones Day Atty's 'Burn' Order

    An IT manager testified at a trial on Wednesday that he was "stupid" to comply with instructions from a senior Jones Day lawyer to destroy a secure messaging system in an alleged attempt to conceal evidence of corporate espionage from supermarket group Ocado.

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    Courts

    High Court Says States Can Handle Some Reservation Crimes

    A divided U.S. Supreme Court ruled Wednesday that Oklahoma and other states aren't barred by federal law from prosecuting non-Indians for crimes against Indians on reservations, handing Oklahoma a win in its bid to exert more authority on tribal land following the high court's landmark 2020 McGirt decision.

  • Courts

    Erika Girardi Ordered To Turn Over Pricey Diamond Earrings

    Reality television star Erika Girardi must turn over to a bankruptcy trustee a pair of diamond earrings that her estranged husband, the disbarred attorney Thomas V. Girardi, bought in 2007 for $750,000, a Los Angeles bankruptcy judge said Tuesday, finding that it was clear that stolen funds were used to buy them. 

  • Modern Lawyer

    LeClairRyan Trustee Approved For $21M UnitedLex Settlement

    A Virginia bankruptcy judge approved a $21 million settlement between the Chapter 7 trustee for defunct law firm LeClairRyan PLLC and the legal services provider she accused of bleeding the firm of millions and driving it into liquidation.

  • Courts

    Trump Was Bent On Joining Capitol Mob, Meadows Aide Says

    Despite warnings about people carrying weapons near the White House on Jan. 6, 2021, former President Donald Trump was so furious over what he saw as too few people in a secured area at his "Stop the Steal" rally that he urged the Secret Service to remove magnetic screening machines.

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    Modern Lawyer

    WilmerHale Recruits NY Fed's Legal Chief

    Amid a string of high-profile revolving-door hires, WilmerHale has hired the New York Federal Reserve Bank's legal chief to join the firm's securities and financial services practice.

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