ABA Journal

Midsize Firm

697 ABA Journal Midsize Firm articles.

Will fewer BigLaw firms match Milbank’s new pay hike for associates? At least 10 firms are on board

Several BigLaw firms have matched Milbank’s new higher pay scale for associates, but there could be some that are unable to keep up, according to legal consultants who spoke with Reuters.

Nelson Mullins adds 52 lawyers from midsize firm, expands product liability practice

Nelson Mullins Riley & Scarborough is adding 52 lawyers from a midsize firm and launching four new offices.

Former Vedder Price shareholder gets 3-year suspension for double billing, false expense requests

The Illinois Supreme Court has suspended a former Vedder Price shareholder after a hearing board found that he double billed for legal services and then sought reimbursement for fake expenses from the money wrongly collected.

The 2021 class of summer associates was ‘most diverse ever measured in every way,’ new NALP report says

The percentage of summer associates of color in major U.S. law firms increased by nearly 5 percentage points in 2021, increasing to 41.34%, according to a report released Wednesday by the National Association for Law Placement.

2 law firms announce separate mergers effective Jan. 1

Verrill Dana and Smith Gambrell Russell have announced separate mergers with smaller firms that are effective Jan. 1.

Wife of Marvel chairman sues Kasowitz Benson for alleged ‘salacious and outrageous’ litigation

Kasowitz Benson Torres has been sued for allegedly pursuing "salacious and outrageous, malicious" litigation against Laura Perlmutter, wife of Marvel Entertainment chairman Isaac “Ike” Perlmutter.

A higher percentage of law grads are getting hired by larger firms

Larger firms of 250 or more lawyers are hiring a higher percentage of law grads as class sizes stagnate and law firms grow.

2 law firms announce merger that will bring them into the Am Law 100

Arent Fox and Schiff Hardin announced Wednesday that they will merge March 1, creating a law firm with more than 600 lawyers and policy professionals.

Why is BigLaw delaying bonus announcements?

After Cravath, Swaine & Moore announced year-end bonuses of up to $115,000 for associates Nov. 22, a handful of law firms quickly chimed in. Since then, however, things have been quiet on the bonus front.

State of the Profession 2021: BigLaw proved to be most resilient to COVID-19

Fears that COVID-19 would cause a prolonged financial blow to the legal industry did not come to fruition. Instead, many firms were able to quickly and effectively transition to remote working, which left them in position to assist with an array of COVID-19-related legal issues. But the industry’s successful transition to widespread remote working has not come without drawbacks.

Talent wars top list of perceived threats to law firm profitability, new survey finds

Law firm business leaders are bullish about the future of the legal industry, but they are increasingly concerned about the impact of talent wars on profitability, according to a survey released Tuesday.

Top 50 law firms are ‘cannibalizing’ an increasing share of legal revenue

The nation’s 50 highest-grossing law firms continue to outpace other higher-earning firms in growth in income, net revenue and demand, according to financial data.

Another midsize firm raises associate pay

Several midsize law firms are boosting starting pay for associates next year in a bid to stay competitive.

2 law firms promise jobs to underserved students before they enter law school; tuition is free

Two Ohio law firms will offer associate positions to two students before they even enroll in law school as part of a diversity program that pays the students’ tuition and living expenses.

Weekly Briefs: Trump sued by Capitol officers; state AG pleads no contest in fatal crash

Capitol officers sue Trump, far-right groups

Seven Capitol police officers have sued former President Donald Trump, far-right groups, Stop the Steal rally organizers and others. The Aug. 26 lawsuit alleges…

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