ABA Journal

Midsize Firm

710 ABA Journal Midsize Firm articles.

Some associates not meeting ‘utilization expectations’ get pay cuts at this law firm

Associates at Steptoe & Johnson who aren’t meeting “utilization expectations” will be getting prorated pay cuts through the end of 2022.

These law firms had ‘noteworthy moves’ in head count; which were tops for female, LGBTQ attorneys?

The National Law Journal’s latest list of the top 500 U.S. law firms by head count saw some significant changes in rankings.

2 law firms add dozens of lawyers through mergers with smaller firms

Two larger law firms have announced mergers with smaller firms that add dozens of lawyers and expand their footprints.

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.

Stroock is in a ‘precarious position’ after loss of bankruptcy group; is a merger needed?

Stroock & Stroock & Lavan is in a “precarious position” following the loss of one of its two crown jewels—its bankruptcy and restructuring group—to Paul Hastings this spring, according to an analysis by Law.com.

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.

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.

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.

DLA Piper adds 27 private equity lawyers; ‘this is just the beginning,’ says US vice chairman

A group of 27 private equity lawyers is leaving Honigman to join DLA Piper in Chicago.

Law firms increasingly offer title of partner to lure lateral associates

Law firms are increasingly dangling the prospect of partnership status to lure needed associates from other law firms.

Fewer associates appear ready to move to new firms after ‘great reshuffling,’ recruiters say

The hot market for associates is cooling slightly, as associates appear more reluctant to make lateral moves and law firms are becoming more cautious in hiring, recruiters told Law.com.

Boies Schiller’s block billing cited as obstacle to Nike’s fee request in Avenatti extortion case

Nike can recover about $260,000 out of about $856,000 in legal fees paid to Boies Schiller Flexner for helping New York federal prosecutors bring charges against lawyer Michael Avenatti, a federal judge has ruled.

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.

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