The U.S. legal market has experienced “a tectonic shift,” with profits per lawyer at Am Law 100 law firms increasing nearly 54% since 2019, according to a new report from Thomson Reuters and the Center on Ethics and the Legal Profession at the Georgetown University Law Center.
It's been another riveting year in the legal industry and for our coverage at the ABA Journal. And just like that, 2026 will be here before we know it.
Updated: A bonus announcement by Milbank on Monday likely disappointed BigLaw associates hoping that it would set the stage for even higher year-end cash.
A BigLaw firm that voluntarily paid more than $55,000 in attorney fees because of hallucinated cases in court filings won’t face further sanctions, a federal bankruptcy judge concluded last week.
Buchalter has escaped sanctions for a case filing with “hallucinated" cases after one of its attorneys took responsibility for the errors and the law firm pledged to educate its attorneys on the misuse of generative artificial intelligence.
A straight white woman who sued King & Spalding over a diversity fellowship has filed a joint stipulation dropping her claims, leading a federal appeals court to dismiss her appeal.
Updated: Cravath, Swaine & Moore is the first BigLaw firm this year to announce associate year-end bonuses along with special bonuses matching those announced by Milbank this summer.
A superior court judge in Alaska has entered a judgment against Holland & Knight and ordered a trial on damages after finding that the law firm engaged in “truly astounding” failure to comply with discovery orders in a lawsuit alleging malpractice by the firm.
A lawyer with “the shopping gene” has turned his love for bargains into a business on eBay that made $120,000 in sales in the year ending in September, according to a story by Business Insider.
McDermott Will & Schulte said it is “fielding inbound interest” from outside investors after the Financial Times reported that the law firm is considering splitting off its back-office work into a managed service organization in which private equity could own a stake.
