News and Events for Attorneys and Executives

Law Firm Management

Billable Hour Pricing is Effectively Dead Because of Budget Caps, Report Says

Billable Hour Pricing is Effectively Dead Because of Budget Caps, Report Says

News
The ABA Journal reports on a study released by Georgetown Law’s Center for the Study of the Legal Profession and Thomson Reuters Legal Executive Institute.

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Hunton & Williams Launches Sustainability and Corporate Clean Power Initiative

News
Hunton & Williams LLP announces the formation of a global cross-disciplinary legal team to advise corporations and investors on issues related to sustainability and efforts to increase utilization of renewable energy

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Client Pitches Cost Up to $70K at Latham & Watkins

Client Pitches Cost Up to $70K at Latham & Watkins

News
BigLaw firm Latham & Watkins spends between $30,000 and $70,000 making client presentations to potential clients, reports Bloomberg Law.

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Texas Firm Adds Seven

Texas Firm Adds Seven

News
Houston-based law firm Ahmad, Zavitsanos, Anaipakos, Alavi & Mensing P.C. has added seven attorneys to the firm.

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Why Your Law Firm Needs a Mobile-Friendly Website

Why Your Law Firm Needs a Mobile-Friendly Website

Insight
Because many legal consumers use mobile phones to find a lawyer, “lawyers and law firms that want to make a good first impression should ensure that their site can be easily read and searched from phones and tablets,” writes Amy Boardman Hunt of Muse Communications.

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It’s Last Rites for Lexis.com, As LexisNexis Sets Date for Shutdown

News
LexisNexis has begun notifying Lexis.com customers that it will be shutting down the legacy legal research service over the next 12 months and moving them to the newer Lexis Advance research platform, according to a post on Law Sites by Robert Ambrogi.

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Law Firm Market Share Declines as Partner Profit Rises and In-Housing Grows

News
Law firms have an unsustainable model that remains largely intact even as corporate clients are seeking options, writes Mark A. Cohen for Forbes.

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Brad Hildebrandt is ‘Bullish … Conservatively Bullish’ on Law Firms

News
Law firms are inherently stable, Brad Hildebrandt told Bloomberg Law, and the “doom and gloom” prognostication about law firms’ business model is pretty tired,

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Plan Now for Legal Marketing Success in 2017

Insight
Spending some time in the next few weeks planning for business development in 2017 can pay big dividends, advises Bruce Vincent of Muse Communications, a marketing company for lawyers and law firms

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Associate Bonus Watch: Cravath Announces Its 2016 Associate Bonuses

Associate Bonus Watch: Cravath Announces Its 2016 Associate Bonuses

News
An eighth-year associate will earn almost $400,000 in total compensation ($280,000 for the first half of the year, $315,000 for the second half of the year, and $100,000 in bonus money), up from $380,000, reports Above the Law.

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Cross-Atlantic Merger Could Yield 2,300-Lawyer Firm

Cross-Atlantic Merger Could Yield 2,300-Lawyer Firm

News
The merged Sutherland-Eversheds firm would have revenue of more than $900 million, putting it into the top 40 law firms in the world, by revenue, reports Bloomberg Law.

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Texas Law Firm With 80-Year History Is Disbanding

News
Some Shannon Gracey lawyers already have formed new firms or joined other Texas firms, according to a report in The Fort Worth Star-Telegram.

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Report: Billing Rates Up, Lawyer Productivity Down

Report: Billing Rates Up, Lawyer Productivity Down

News
Lawyers’ billing rates increased by 3.6 percent this year, with an expected hike of another 4.4 percent coming the following year, according to a Wells Fargo study.

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Practical and Ethical Issues for Attorneys Practicing Dual Occupations

Practical and Ethical Issues for Attorneys Practicing Dual Occupations

Insight
Engaging in a second occupation may appeal to some attorneys, but lawyers must always consider the practical and ethical challenges involved with actively practicing dual occupations, advises Laura Drossman.

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Associate Salary Hike to $180K Cited as Strain to Law Firm Profits

Associate Salary Hike to $180K Cited as Strain to Law Firm Profits

News
In the months since Cravath Swaine & Moore hiked starting salaries for first year associates by 11 percent to $180,000, law firms across the country raised their associate compensation scale to match — and now those pay increases are showing up as profit growth slows at some law firms, according to a new report on the first three quarters of 2016 compiled by Citi Private Bank.

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Why Are They Calling These Women Big?

Why Are They Calling These Women Big?

News
Dallas litigation boutique Estes Thorne & Carr PLLC has been recognized among the 100 largest women-owned businesses in North Texas by the Dallas Business Journal.

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Judge Tells Trump University Litigants They Would Be Wise to Settle

Judge Tells Trump University Litigants They Would Be Wise to Settle

News
The statement by U.S. District Judge Gonzalo Curiel came after he had tentatively rejected a bid by Trump to keep some statements from the presidential campaign out of the fraud trial.

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Arnold & Porter to Merge With Rival Kaye Scholer for 1,000-Lawyer Firm

News
Arnold & Porter and Kaye Scholer, winding up months of talks, announced on Thursday that they would combine to become a firm with more than 1,000 lawyers effective Jan. 1, The New York Times is reporting.

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For Women Who Sued Firms, Alienation Followed

News
Some women who filed gender discrimination claims against their law firms all said they were alienated to varying degrees for speaking out and taking action about what they experienced, according to a report by Bloomberg Big Law Business.

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Boston Law Firm Accused of Massive Straw-Donor Scheme

News
Members of a 10-partner law firm in Boston made contributions to political campaigns with money that was reimbursed dollar-for-dollar by the firm, according to a report.

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