ABA Journal

Large Firm

2460 ABA Journal Large Firm articles.

The gap between the highest- and lowest-paid BigLaw partners is expanding

Law firms seeking to hold on to top lawyers appear willing to pay higher amounts that increase the gap between their highest- and lowest-paid equity partners.

Law firms hire experts from other disciplines to advise clients on risk and compliance

Law firms are hiring professionals, such as behavioral scientists, data experts, journalists and police officers, to help advise clients on risk and compliance.

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.

Former Perkins Coie partner is acquitted on lying charge in special counsel prosecution

Former Perkins Coie partner Michael Sussmann was acquitted Tuesday on a charge of lying to the FBI in a prosecution pursued by a special counsel appointed by former U.S. Attorney General William Barr.

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.

BigLaw partner’s hourly billing rate of nearly $2,500 draws objection from bankruptcy trustee

A U.S. bankruptcy trustee is objecting to the hiring of a Hogan Lovells partner who would charge nearly $2,500 per hour to handle appeals in the Chapter 11 case of a Johnson & Johnson subsidiary.

Weekly Briefs: McDonald’s, Wendy’s sued over burger ads; ICE is ‘a domestic surveillance agency,’ report says

Ads exaggerate size of McDonald’s, Wendy’s burgers, suit says

Food stylists for McDonald’s and Wendy’s undercook hamburger patties portrayed in advertising to make them appear 15% to 20% larger than…

Is there a way back for international law firms in Russia?

With pressure mounting on Western companies after Russia’s invasion of Ukraine, some law firms realized they needed to do more than just part ways with clients and decided to wind down operations in the country altogether.

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.

LeClairRyan trustee agrees to $21M settlement with company accused of contributing to losses

The bankruptcy trustee for LeClairRyan has reached a $21 million settlement with the company that she accused of helping to further plunge the law firm into insolvency.

Judge criticizes ‘nasty litigation tactics’ while sanctioning BigLaw firm

A federal judge in Colorado has sanctioned Seyfarth Shaw and its client for misconduct during the discovery process.

Another BigLaw firm adopts a menopause policy

Linklaters is the latest BigLaw firm in the United Kingdom to adopt a policy that provides resources and education regarding menopause.

Law firm profitability ‘dropped markedly’ in first quarter amid 12% hike in associate compensation

Law firm profitability decreased in the first quarter of the year, as direct expenses increased 13.1% and overhead increased 9.9% from the same period last year, according to the Thomson Reuters Law Firm Financial Index.

About one-fifth of lawyers and staffers considered suicide at some point in their careers, new survey says

A new survey of lawyers and staff members hailing mostly from BigLaw has found that anxiety, depression and isolation remain at concerning levels, despite a slight decrease in the percentages since the survey last year.

Large law firms increase hiring of diverse attorneys, new data shows

Large law firms significantly increased their numbers of diverse attorneys between 2019 and 2021, according to new data from Firm Prospects, which provides analysis of trends in the lateral hiring market.

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