Eighty-two percent of associates who left their law firms in 2023 did so within five years of hiring, a figure that is at “an all-time high,” according to a report released Wednesday by the NALP Foundation for Law Career Research and Education.
As a whole, BigLaw firms have reduced lateral hiring of associates over the last two years, a phenomenon documented in a report by the National Association for Law Placement.
A Black associate who sued a BigLaw firm for alleged discrimination and retaliation has now filed a second lawsuit claiming that legal recruiter Major, Lindsey & Africa blackballed her as a result.
Law firms continue to cut back lateral hiring of lawyers following the talent wars of 2021, according to a report by the National Association for Law Placement.
Updated: Reed Smith has confirmed that it is changing the compensation structure for associates, but it’s not getting into specifics after a leaked memo said the law firm was creating two tiers of associate pay based on billable hours.
Law firms that recruited law students in 2023 for summer associate programs in 2024 took a cautious approach, resulting in one of the softest recruiting seasons since the Great Recession, according to a report released Tuesday by the National Association for Law Placement.
Law firms returned to profitability in 2023 as “worked rates” accelerated throughout the year, according to the Law Firm Financial Index report for the fourth quarter of 2023 by the Thomson Reuters Institute.
Lawyer head count is growing, while productivity is declining, according to a year-end survey of more than 130 larger law firms released this week by Wells Fargo’s Legal Specialty Group.
Federal jurors ruled for Davis Polk & Wardwell in a suit by a fired Black associate who claimed the law firm retaliated against him after he complained about racial disparities. At trial, he said he was the target of a “secret scheme” to oust him.
Lawyers would like to see a greater emphasis on training and mentoring at their law firms, according to a survey released this week by recruiting firm Major, Lindsey & Africa and Law360 Pulse.
Updated: Complaints about discriminatory conduct at Troutman Pepper Hamilton Sanders “were often ignored, and, when they were not, met with gaslighting, apathy or swift retaliation,” according to a lawsuit filed Wednesday by a fired Black female associate.
The Colorado Supreme Court ruled Tuesday that a law firm can’t enforce a contract provision that required departing lawyers to pay $1,052 for each client they take with them when leaving.
Opposing counsel may want to watch out for Rochelle Ballantyne, a first-year litigation associate at Sidley Austin and a longtime chess champ with a fierce competitive spirit.
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