Law Firm Management
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.
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.
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,
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Farrell Fritz Receives Tier 1 Ranking in U.S. News Law Firm Ranking
News
For the fifth consecutive year, Farrell Fritz has received a Tier 1 Ranking by Best Lawyers. The listing will be in the 2017 Edition of U.S. News – Best Lawyers’ “Best Law Firms.”
Chadbourne Sex-Bias Class Action Adds Six Partners as Defendants
News
Chadbourne & Parke is facing new accusations and a new plaintiff in a gender discrimination class-action lawsuit. And six high-ranking members of the firm have been added as named defendants.
Prominent N.J. Lawyer Charged With Stealing $1.2m From Elderly Clients
News
Charges against Robert Novy of Novy & Associates in Manchester involve his handling of funds of some of his clients, state New Jersey Attorney General Christopher Porrino said.
Hogan Lovells and Fujian Fidelity Law Firm Join in Shanghai FTZ
News
Global law firm Hogan Lovells and Fujian Fidelity Law Firm have entered into a formal association in the China (Shanghai) Free Trade Zone.
The Gender Pay Gap for Big Law Partners: 44 Percent
News
Bloomberg Big Law Business is reporting that male partners in Big Law are still out-earning their female counterparts by 44 percent, according to the results of a survey published Wednesday by Major, Lindsey & Africa.
