ABA Journal

Law Firms

12695 ABA Journal Law Firms articles.

Lateral candidates continue to raise ‘red flags,’ research company says

Nearly one-third of all lateral candidates in 2022 raised “red flags,” which include undisclosed business affiliations, cultural incompatibility and inflated books of business, according to Decipher Investigative Intelligence.

Mental health initiatives aren’t curbing lawyer stress and anxiety, new study shows

Despite increasing focus on mental health and well-being in the legal profession, lawyers are reportedly dealing with more stress, anxiety and depression, according to the 2023 ALM and Law.com Compass Mental Health Survey of the Legal Profession.

Did 1 contract clause cause Proskauer client’s $636M loss? Judge refuses to toss malpractice suit

A Massachusetts judge has refused to toss a $636 million malpractice lawsuit contending that a botched contract drafted by Proskauer Rose caused its client’s loss of a minority interest in a hedge fund.

Alleged cut-and-paste mistake wasn’t reason for client’s claimed $636M loss, Proskauer argues

Proskauer Rose is arguing that a bad business partner—and not a drafting mistake—is to blame for a client’s losses, which are alleged to be around $636 million.

Former Proskauer COO withheld raises to create resentment, spur moves to new firm, amended suit says

Former Proskauer Rose chief operating officer Jonathan O’Brien is accused in a revised lawsuit of withholding raises and promotions for key Proskauer Rose employees to spur resentment and make them amenable to joining his would-be new firm, Paul Hastings.

Law firms see ‘bifurcated recovery’ with strengths and challenges varying by firm size

The nation’s top 100 grossing law firms are experiencing different financial strengths and challenges than midsize firms in a “bifurcated recovery,” according to a Thomson Reuters report released this week.

$200K is median base pay for new associates, thanks to market pressure from talent wars, NALP says

Associate pay hikes cascaded during a “red-hot recruiting market” over the last two years, leading to a median base salary of $200,000 for new associates in 2023, according to Nikia L. Gray, the executive director of the National Association for Law Placement.

55 lawyers among 5% of global workforce being laid off at this BigLaw firm

Dechert laid off 55 lawyers and 43 business professionals Tuesday, as the law firm began implementing cuts to “align our staffing levels with demand.”

Judge sanctions lawyer for ‘obnoxious’ and ‘appalling’ deposition conduct

A personal injury lawyer will be sanctioned for his deposition conduct after calling the opposing counsel “corporate shills” who “live in an alternate reality," a federal judge ruled from the bench last week.

BigLaw is losing its appeal, new survey of Gen Z lawyers and law students says

In the long term, a majority of Generation Z attorneys and law students plan on eschewing a traditional BigLaw career path for in-house, government or nonprofit work, according to a new survey by legal recruiting firm Major, Lindsey & Africa released Wednesday, and they value work-life balance and flexibility in the workplace.

Only 58% of women lawyers in BigLaw would recommend legal careers for their daughters, survey says

Work-life balance is still an issue for women lawyers working in BigLaw, according to a survey of nearly 200 women attorneys by legal intelligence provider Leopard Solutions.

Pregnant criminal defense lawyer on bed rest loses trial-delay bid in top state court

The Ohio Supreme Court on Sunday rejected a bid by a pregnant lawyer on bed rest to stay a trial scheduled to begin the next day.

Judge chastises BigLaw lawyers for making demands after opposing counsel seeks delay for newborn

Updated: A federal judge in New York City has chastised lawyers for Proskauer Rose for demanding five concessions from the opposing counsel in a job-bias case before granting his request for a pushed-back deadline because of the birth of his child.

Supreme Court stays execution of inmate who won support from Oklahoma AG

The U.S. Supreme Court on Friday stayed the execution of an Oklahoma inmate after the state attorney general said he supported vacating the conviction.

LexisNexis announces new generative artificial intelligence platform

Legal research company LexisNexis became the latest adopter of generative artificial intelligence in the legal industry Thursday by rolling out a new platform for case research and document drafting.

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