ABA Journal

Law Firms

12479 ABA Journal Law Firms articles.

Law firm revenue growth moderates as expenses grow; top 50 firms see biggest productivity drop

Revenue growth for law firms was “a modest” 4.1% for the first nine months of 2022, compared to growth of 14.7% in the same period last year, according to a client advisory by Citi Private Bank’s law firm group and Hildebrandt Consulting.

Arnold & Porter is ordered to pay more than $150K in sanctions for discovery ‘poor judgment’

Updated: A New York judge has ordered Arnold & Porter Kaye Scholer to pay more than $150,000 for failing to notify the state of New York of relevant late-discovered documents in opioid litigation and for other "discovery breaches."

As more law firms announce bonuses, some pay extra for higher hours

Updated: Several law firms are following the lead of Baker McKenzie and Cravath, Swaine & Moore in announcing year-end bonuses tracking their scales, but some are offering even more money for high-billing lawyers or exceptional work.

Law firms plan big billing rate increases, even as discounts and write-offs proliferate

Planned increases in law firm billing rates have reached a 15-year high, according to Wells Fargo’s Legal Specialty Group.

As underrepresentation of Asian American lawyers in top jobs continues, more are speaking out, new study finds

Out of 2,396 elected prosecutors in the United States, eight identified as Asian American, according to a new study sponsored by the American Bar Foundation and the National Asian Pacific American Bar Association.

Las Vegas lawyer is disbarred for forming law firm with nonlaywer who did most of the legal work

A Las Vegas lawyer has been disbarred for forming a law firm with a nonlawyer who held himself out as an attorney, met with clients and provided legal advice.

If recession comes, how will law firm ‘quiet quitters’ fare?

David Wang, an attorney and chief innovation officer at Wilson Sonsini Goodrich & Rosati, has some advice for workers who are “quiet quitting”—the viral term for people who haven’t actually left their jobs but mentally have checked out and are doing only the bare minimum.

Bestselling author David Baldacci shares words of wisdom for lawyers who want to be novelists

“I can’t tell you how many events I’ve gone to,” David Baldacci says, “and [lawyers] come up to me and say, ‘Oh my god, you broke out of jail! Congratulations!’”

Hogan Lovells lawyer says she was fired after defending Dobbs, discussing abortion impact and genocide

A Hogan Lovells lawyer has said she was fired and blackballed by other law firms after she referred to abortion rates in the Black community during a discussion of the U.S. Supreme Court decision overturning Roe v. Wade and the right to abortion.

Citing ‘overcapacity,’ Cooley lays off 150 lawyers and professionals

Cooley has laid off 78 lawyers and 72 paralegals and business professionals as a result of “overcapacity” following an “unexpected economic downturn.”

Slow Going: Despite diversity gains, some law firm leaders bemoan lack of progress

A series of recent studies have revealed the lack of diversity in law firm partnerships—even after the May 2020 murder of George Floyd spurred the profession to respond to calls for racial justice by launching in-house diversity programs and hiring more chief diversity officers.

Firms are employing burnout advisers to keep their attorneys from getting overwhelmed

It’s no secret that attorneys are burned out—but the surprising news is that firms are finally taking action to combat it. Some legal teams are hiring burnout advisers to address attorney mental health in the hope that this will tackle attorney fatigue, detachment and other issues stemming from the competitive environment, long working hours and perfectionism that comes with the job.

Cravath mostly matches Baker McKenzie bonuses; what about the class of 2015?

Updated: Cravath, Swaine & Moore is paying year-end associate bonuses on a scale that mostly matches that of Baker McKenzie.

Boies Schiller deems its higher bonuses ‘extraordinary’ and ‘extra-extraordinary;’ top amount is $165K

Boies Schiller Flexner is matching associate bonuses announced Nov. 21 by Baker McKenzie in just one respect.

ABA asks SCOTUS to preserve long-standing attorney-client privilege

In an amicus brief filed Wednesday, the ABA urged the U.S. Supreme Court to consider client-lawyer communications privileged, even if the purpose of some of those communications is not to request or give legal advice.

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