News and Events for Attorneys and Executives

Tag: LawFirmManagement

The Repeat Ethical Offenders of Social Media

The Repeat Ethical Offenders of Social Media

Insight
There are three types of social media violators that all lawyers should know about and avoid emulating: the double agent, the rebel, and the frenemy, writes Christina DiPinto of Muse Communications.

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U.S. District Judge Sounds Off on Law Firms’ High Billing Rates

U.S. District Judge Sounds Off on Law Firms’ High Billing Rates

News
The invisible hand of the free market hasn’t been able to exert much control over law firm billing rates, U.S. District Judge Jed S. Rakoff said at a Cardozo School of Law panel discussion about the high cost of the legal system, reports Bloomberg Law.

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Companies Use Diversity Data to Hold Law Firms Accountable

Companies Use Diversity Data to Hold Law Firms Accountable

News
Facebook’s new policy comes on the heels of HP’s announcement in February that it would start withholding fees from law firms that don’t meet diversity requirements,” reports Bloomberg Law.

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BigLaw Layoff Watch: 60 Staff Positions Across 22 U.S. Offices

BigLaw Layoff Watch: 60 Staff Positions Across 22 U.S. Offices

News
Above the Law is reporting on another big layoff of BigLaw staff, asking the question: Has the Great Associate Pay Raise of 2016 ushered in the Not-So-Great Staff Layoffs of 2017?

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Boosting Legal Marketing Through Targeted Emails

Boosting Legal Marketing Through Targeted Emails

Insight
One of the most effective tools for lawyers to attract the attention of referral sources can be found in a well-orchestrated email campaign, writes Bruce Vincent in a blog post for Muse Communications.

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Norton Rose and Chadbourne to Combine in Latest Merger of Large Law Firms

News
The combination of Norton Rose Fulbright and Chadbourne & Parke will create a single entity with more than 4,000 lawyers and expected annual revenue almost $2 billion, The New York Times reports.

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How to Use Content Marketing to Grow Your Small Law Firm

How to Use Content Marketing to Grow Your Small Law Firm

Insight
Amy Boardman Hunt of Muse Communications explains some of the main concepts of content marketing and discuss how it can be a potent tool for solos and small law firms with limited marketing budgets.

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HP GC to Law Firms: Meet Diversity Mandate or Forfeit Up to 10% of Fees

HP GC to Law Firms: Meet Diversity Mandate or Forfeit Up to 10% of Fees

News
The general counsel of HP has informed its outside law firms that the company may withhold up to 10 percent of invoiced fees for failure to meet its diversity standards, reports the ABA Journal.

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BigLaw Layoff Watch: 150 to 200 Jobs Is a Lot of Jobs

BigLaw Layoff Watch: 150 to 200 Jobs Is a Lot of Jobs

News
Above the Law has fleshed out earlier reporting about significant staff layoffs at K&L Gates, this time with fairly specific numbers of people who have lost their jobs with the big law firm.

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Law Schools Ranked by Their Graduates’ Salaries

News
Cornell ranked first in a recent report that looked at salaries of recent law graduates, according to a Bloomberg Law article.

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Challenges Women Lawyers Face in Business Development

Challenges Women Lawyers Face in Business Development

Insight
Women promoting their careers or their law practices need to understand that they’re marketing their skillset, and everything they do is marketing, advises Andrea S. Kramer.

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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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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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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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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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Facts in Law Firm Discrimination Suit No Bellwether on Gender Pay

Insight
Sarah Bradbury, senior counsel at Dallas litigation boutique Estes Thorne & Carr PLLC, comments on the recent $100 million discrimination lawsuit against Chadbourne & Parke over claims that female partners are paid less than their male counterparts.

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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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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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Dollars and Sense: A Real-Time Look at the Financial Performance of the Legal Industry in 2016

Event, Sept. 21, 1 p.m. EDT
Practical Law and competitive intelligence platform Peer Monitor will present a free webinar titled “Dollars and Sense: A Real-Time Look at the Financial Performance of the Legal Industry in 2016.”

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