ABA Journal

Associates

2036 ABA Journal Associates articles.

Weekly Briefs: ABA supports marriage equality law; Stanford offers new model for legal ed loans

ABA president calls on Senate to support Respect for Marriage Act

ABA President Deborah Enix-Ross is calling on members of the U.S. Senate to vote for the Respect for Marriage…

Some law firms are ‘pulling back the throttle’ on hiring as expenses rise and deal work slows

Associates are confronting a new reality as law firms slow hiring in response to higher costs, rate pressures and a decline in demand, especially in mergers and acquisitions. “The demand for associates no longer exceeds supply,” says one recruiter.

Columbia tops list of law schools that cost more than $100K per year

The cost of attending Columbia Law School in New York City has hit a new high, as students can expect to pay $110,450 for the current academic year.

Law firm profitability continues to decline as M&A work slows, Thomson Reuters report says

Waning demand for legal services and a rebound in expenses are contributing to a continued decline in law firm profitability in 2022, according to the Thomson Reuters Law Firm Financial Index.

What makes associates happy? Partners and billable-hour expectations are key

On some measures, midlevel associate satisfaction is about the same as—or slightly better than—last year.

This BigLaw firm may be the first to announce special bonuses this summer; will it be the last?

Littler Mendelson has announced special bonuses for some lawyers, making it possibly the first BigLaw firm to offer bonus cash this summer, according to a report by Above the Law.

Pay for 2021 law grads is at all-time high as percentage of BigLaw jobs increases, NALP says

Law graduates from the class of 2021 are enjoying record high salaries and record high employment in jobs for which bar passage is required or anticipated, according to figures released Thursday by the National Association for Law Placement

Law firm partner’s ‘disgusting and dirty’ behavior at strip club constituted sex harassment, lawyer’s suit says

A lawsuit accuses the managing director of a Fresno, California, law firm of taking firm employees to a strip club, where he simulated oral sex, paid for alcohol with a corporate credit card and encouraged an associate to place dollar bills in strippers’ panties.

Some associates not meeting ‘utilization expectations’ get pay cuts at this law firm

Associates at Steptoe & Johnson who aren’t meeting “utilization expectations” will be getting prorated pay cuts through the end of 2022.

How much do new public interest lawyers earn? Despite raises, pay is well below that of law firms, NALP says

Median salaries are growing for lawyers working in civil legal services and public interest organizations, but there are still “sobering distinctions” when compared to law firm pay, according to the National Association for Law Placement.

BigLaw makes diversity gains; which firms did best?

Diversity gains among larger law firms this year were the largest since 2001, according to the American Lawyer’s 2022 Diversity Scorecard.

Law firms can attract and retain talent by providing purpose for young attorneys

As much of the world begins, hopefully, to emerge into post-pandemic life, finding purpose in one’s career has become more crucial than ever. While the legal field in particular can often be perceived as grueling work, it’s also an industry that enables its professionals to feel that they’re truly contributing to the greater good of society.

Legal malpractice payouts reach ‘troubling new heights;’ 4 insurers contributed to claims above $300M, survey says

Legal malpractice insurers are reporting skyrocketing payouts of tens of millions of dollars, even as claims frequency remains relatively flat, according to a survey by insurance broker Ames & Gough.

How to develop and keep associates? BigLaw firm tries embedding career coaches

Vinson & Elkins has hired seven career coaches and embedded them in firm practice groups. They will intervene as needed to get associates and partners on the right track.

Law firm leaders are still mostly white and male, ABA diversity survey says

White male attorneys continue to constitute the highest percentages of equity partners, non-equity partners and associates at law firms, according to an ABA report released Monday.

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