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Modern Lawyer
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McDermott Is Cutting Its Associate Ranks
McDermott Will & Schulte is downsizing its associate ranks less than a year after the firm was created via a combination of legacy firms McDermott Will & Emery and Schulte Roth & Zabel, the law firm confirmed Wednesday.
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Womble Bond Adds Akin Gump Finance Pro In Houston
Womble Bond Dickinson has strengthened its debt financing capabilities in the energy sector with the hiring of a Houston-based partner who came aboard from Akin Gump Strauss Hauer & Feld LLP.
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Feds Say Stolen BigLaw Deal Info Aided Huge Trading Scheme
Federal prosecutors on Wednesday unveiled indictments outlining a massive insider trading scheme that allegedly netted tens of millions of dollars using nonpublic information about mergers and acquisitions worked on by some of the nation's biggest law firms.
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Womble Bond Adds Moore & Van Allen IP Trio in Charlotte
Three Moore & Van Allen PLLC intellectual property attorneys have moved to Womble Bond Dickinson's growing Charlotte, North Carolina, office, it was announced Tuesday.
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The Law School Legal Industry Job Tracker: Class Of 2025
Want to know which schools are sending the highest percentage of graduates to BigLaw? How big a slice are landing those prized clerkships in federal or state courts? Explore the ins and outs of law school graduate placement in our interactive graphic.
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The Top Law Schools For Legal Industry Jobs: A Data Review
A law degree can lead to careers across law firms, government, business and public interest, according to the latest ABA data. See which schools stand out for placing graduates in BigLaw, federal and state clerkships, public interest roles and more.
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Aiming For BigLaw? These Schools Deliver
Law school students continue to set their sights on law firm jobs post-graduation, with interest in BigLaw roles holding strong. Here's a look at how those preferences are playing out and which schools are sending the highest percentage of graduates directly to BigLaw.
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Miller & Chevalier Hires DOJ Nat'l Security Atty In DC
Miller & Chevalier Chtd. has hired an attorney who spent the past nine years working in the federal government, most recently with the U.S. Department of Justice's National Security Division in a section focused on export controls and counterintelligence issues.
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Cooley Launches Energy Group With Baker Botts Partner
Cooley LLP announced Wednesday that it is launching an infrastructure, energy and real estate group with a New York partner from Baker Botts LLP who advises on global energy and infrastructure projects.
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Firm Leaders Report Rising Rates Fueling Client Churn
While rate increases are the primary driver of law firm revenue, legal leaders also fear those price hikes are leading to client churn, according to a report released Wednesday by marketing technology platform Passle.
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Womble Bond Picks Veteran Real Estate Atty As Partner In SF
Womble Bond Dickinson has hired a real estate and land use attorney with more than 50 years of experience as a partner for its real estate team in San Francisco, the firm announced Tuesday.
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Norton Rose Grows In Calif., Ill. With 6-Atty DLA Piper Hire
Norton Rose Fulbright announced Tuesday that the firm has grown its California and Illinois offices with a team of six litigation attorneys, including three partners, who were most recently with DLA Piper.
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Lit Funders Eye Firm Equity Stakes In Managed Services Deals
Litigation funders are emerging as a major force in the scramble to buy stakes in U.S. personal injury law firms via managed services organizations, as evidenced by a recent $125 million deal involving Fortress Investment Group.
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Duane Morris Integrates Gambling, Sports Industry Groups
The growing popularity of betting in sports has prompted Duane Morris LLP to respond to the meshing of the two sectors by integrating its sports and gambling law groups.
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Ex-Sunrun Legal VP Joins Wilson Sonsini In San Francisco
Wilson Sonsini Goodrich & Rosati PC announced Tuesday that the former vice president of legal at solar energy company Sunrun has joined the firm's San Francisco office as an energy and climate solutions partner.
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Squire Patton Adds Finance Atty In Dallas From JPMorgan
Squire Patton Boggs LLP has expanded its financial services offerings in Texas with the addition of a former assistant general counsel at JPMorgan Chase & Co.
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Taft Brings Seward Gov't Practice Chair To New NYC Office
Less than a month after launching in New York City, Taft Stettinius & Hollister LLP announced Tuesday that its newest office has brought on a former federal prosecutor who most recently chaired Seward & Kissel LLP's government enforcement and investigations practice.
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Taft IP Litigators Join Saul Ewing's DC Practice
Saul Ewing LLP has hired two Taft Stettinius & Hollister LLP lawyers, who have more than four decades of combined experience as patent, trademark, trade secret and copyright litigators in courts across the country, the firm announced Tuesday.
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Clifford Chance Gains Winston & Strawn, O'Melveny Litigators
Clifford Chance LLP has strengthened its litigation and arbitration offerings in Houston with a former Winston & Strawn LLP partner who will serve as global head of infrastructure disputes, and a former O'Melveny & Myers LLP attorney who advises infrastructure, energy and construction companies.
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K&L Gates Creates Partner Role For Practice AI Strategy
K&L Gates LLP has chosen Jake Bernstein, a partner of the firm's technology transactions and data protection practice groups, to fill its new global artificial intelligence and innovation role.
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Approach The Bench: Justice Bacon On School Accreditation
State high courts are responsible for regulating the legal profession in their jurisdictions, and so New Mexico Supreme Court Justice C. Shannon Bacon thinks it's only right that justices reevaluate the principles behind law school accreditation.
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Freshfields Adds Skadden White Collar Lawyer In DC, NY
Freshfields LLP has hired a Skadden Arps Slate Meagher & Flom LLP white collar defense lawyer, who spent years working as a federal prosecutor investigating corporate financial crime, international money laundering and other related matters.
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Wellness Retreat Planner, Recruiter On Building Community
Recruiter and lawyer Kathryn Holt Richardson is heading to Tanzania this October alongside around a dozen other lawyers for an eight-day wellness retreat. It's not the first one she's facilitated, but it is the first time she's opened a retreat up to include men.
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Fox Rothschild Names New General Counsel
Fox Rothschild LLP's deputy general counsel and head of its Greensboro, North Carolina, office will assume the role of general counsel at the firm.
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Proskauer Lands Globetrotting Private Funds Atty In LA
Proskauer Rose LLP announced Tuesday that it has brought on a former Allen Overy Shearman Sterling LLP partner in its private funds group in Los Angeles.
Expert Analysis
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Tips For Attracting Stellar CLOs In A Competitive Landscape
Amid a rapidly changing regulatory environment and a fierce market for talent, companies hoping to attract the best chief legal officers must have a strong grasp of their roles’ biggest selling points, and any roadblocks that may prevent them from recruiting the strongest choice, says Heather Fine at Major Lindsey.
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'Golden Handcuffs' May Be A Double-Edge Sword For Firms
As law firms increasingly use certain financial incentives to retain partners in a fierce lateral market, managing partners should consider the pros and cons of various deferred compensation schemes, says Tom Hanlon at Buchanan Law.
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The 10-Min. Rule For Building A Business Development Habit
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.
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5 Pointers For Firm Leaders Communicating Tough Decisions
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.jpg)
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.
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Looking Under The Hood Of The $3,000 Billable Hour
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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.
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How Law Firms Can Keep Nonequity Partners Happy
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.
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Ask A Mentor: How Can I Promote Thoughtful Use Of AI?
Eran Kahana at Maslon discusses how partners can encourage responsible use of artificial intelligence tools within their firms by learning to spot pitfalls common to AI-generated work product and championing firmwide procedures and trainings that address the risks of uncritically relying on this powerful but imperfect technology.
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Making Legal Cents: Firm Culture Is The New Game Plan
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.
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5 Questions Firms Must Ask For Successful Lateral Integration
To ensure that lateral partners effectively integrate their books of business, firms should design a structured transition plan based on a few fundamentals, from tracking the right data to implementing meaningful incentives, says Lana Manganiello at Practice Growth Partner.
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Goldilocks Solution: Why The 4-Day Office Week Is Just Right
As law firms continue to wrestle with return-to-office policies, many are being pulled toward one or the other of two extremes: the rigidity of a five-day in-office schedule and the laissez-faire approach of a flexible three-day hybrid model — but a four-day in-office workweek may be the sweet spot, says Paul Manuele at PR Manuele Consulting.
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As Attys Adopt Generative AI, 3 Elements Should Be Cardinal
As the legal world increasingly adopts generative artificial intelligence, lawyers and firms must develop and utilize strong prompting skills, keep a pulse on forthcoming tech evolutions, and remain steadfast to ethical obligations, say Michele Carney at Carney & Marchi and Marty Robles-Avila at BAL.
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Rethinking 'No Comment' For Clients Facing Public Crises
“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: Prioritize Connections
One reason business development in the legal industry seems so mysterious is because human relationships are so complex, but lawyers can reorient their thinking in two important ways to drive the process of connecting with new colleagues and contacts, say Jamie Lawless and Angela Quinn at Husch Blackwell.