ABA Journal

Law Firms

12371 ABA Journal Law Firms articles.

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.

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.

Prosecutors will seek 18 to 24 months in prison for 2 lawyers accused in Molotov cocktail attack on cop car

Prosecutors and two lawyers accused in a Molotov cocktail attack on an unoccupied police car have reached a plea deal that would spare the defendants some prison time.

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.

Former Paul Ewing paralegal pleads not guilty to embezzling more than $600K

A former paralegal at Saul Ewing Arnstein & Lehr in Chicago has pleaded not guilty to allegations that she embezzled more than $600,000 while working on bankruptcy matters at the…

Legal industry added 4,700 jobs last month; numbers continue to top pre-pandemic high

Legal industry hiring is on the rebound. The legal services sector added 4,700 jobs in April following slight declines in February and March, according to seasonally adjusted, revised numbers released Friday by the U.S. Bureau of Labor Statistics.

Appeals court voids firm fee imposed on departing lawyers who take clients with them

The Colorado Court of Appeals has addressed two issues of first impression that relate to law firm agreements that aim to prevent departing attorneys from taking clients with them.

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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