LEGAL BUZZ

Merger Madness-Five Reasons Your Merger Can Go Wrong
It almost seems like a broken record to hear about the popularity of law firm mergers. Legal industry publications report on the latest mergers and hot market trends. Indeed, just recently The American Lawyerreviewed the merger opportunities that… By: Hayse LLC
JD Supra on Sep 19, 2018

What Would that Law Firm Merger Look Like? New Tool Allows ‘What-If’ Modeling 
Speculation about potential law firm mergers and acquisitions makes for good sport, not to mention serious business. Today, ALM Intelligence released a tool that gives speculators some hard-and-fast data and the ability to model what a potential merger would look like. Available to subscribers to ALM Intelligence’s Legal Compass platform …
Justia – Recent Legal Marketing Posts on Sep 19, 2018

Becoming a highly successful small law firm 
Building a successful law firm requires thought and planning but above all it requires action. 89% of all law firms have between one and five partners and, like many small businesses, they are often under-resourced with many lacking training in business or even rudimentary bookkeeping skills. What is not sufficiently …
Legal Futures – Latest News on Sep 17, 2018

The Final Gasps Of A Defunct Biglaw Firm 
Dewey & LeBoeuf (through its forebears) may have officially ended its 100+ year run as a law firm in 2012, but the legal ramifications have been ongoing. There have been convictions for some of the leaders that steered the once famed white shoe firm into financial ruin — though no …
Above the Law on Sep 5, 2018

Why Alternative Legal Provider Market Share May be Limited 
Many commentators argue that alternative legal provider market share is destined to grow. But I think it may be more limited than many suggest. Introduction and Background Numerous recent articles and blog posts cite the rise of alternative legal service providers, prompted in part by EY acquiring Riverview Law and …
Justia – Recent Law Practice Posts on Sep 3, 2018

The job is killing them: Family lawyers experience threats, violence
After lawyer Sara Quirt Sann was murdered at work, her husband evoked Ephesians 6:10-20, a Bible passage about the armor of God, to describe her. “She had to put her armor on every day and fight for those who needed representation,” Scott Sann wrote on Facebook. “Make no doubt in …
ABA Journal of Labor and Employment Law on Sep 1, 2018

The Battle for Talent Is Disrupting the Business of Law 
While recent years have seen Silicon Valley, Houston and Boston as the hotbeds for growth focus, the New York legal market is currently, and will continue to be for at least the next five years, the most active battleground for lateral movement and disruption, by far. And while this may …
The New Jersey Law Journal on Aug 22, 2018

Time for the legal industry to speak out for the rule of law
The rule of law is under siege and it’s incoming on all sides. The judiciary, the Department of Justice, the intelligence community, and the State Department have all been rebuked repeatedly, undermining their legal and moral authorities. Our electoral process has been compromised and efforts to investigate the culprits, circumstances, …
ABA Journal Top Stories on Aug 20, 2018

It’s Good To Be An Elite Biglaw Firm — Demand For Services Is Up 
According to a new report from Thomson Reuters, demand for law firm services (measured in hours billed) is up — at a higher rate in the second quarter of 2018 than in any other quarter during the past six years. The demand is up 1.4 percent, and when you look …
Above the Law – Blog on Aug 16, 2018

The Biglaw Firm That Had A Very Good Year 
What Biglaw had the most in gross revenue in 2017, according to data collected as part of the Am Law 100? Hint: There’s a new number 1 (in gross revenue) this year, after Latham & Watkins (which held the #1 spot for three years) slipped to number 2. (Love trivia? …
Above the Law on Aug 15, 2018

The truth about what firms are paying their support staff 
Gatehouse Legal Recruitment has just released its 2018–2019 Private Practice/Australia Salary Guide, utilising a compilation of salary and market information to determine remuneration of those who work in the business of law, including superannuation but not bonuses or other benefits. The company’s guide highlighted a considerable difference between the lawyers …
Lawyers Weekly AU – BigLaw on Aug 15, 2018

Are Smaller Market Lawyers Actually Better Than Major Market Biglaw Lawyers? 
The most consistent complaint about Above the Law’s coverage of associate salary increases is our perceived explicit bias against firms fully matching the top-of-market scale in every city across the country. It’s not uncommon to receive two or three irate emails every week calling us out for “disrespecting” the hard-working …
Above the Law – Blog on Jul 19, 2018

Managing Law Firm Cybersecurity Risk: Tips to Stay Secure 
Who’s minding the store—of information? In a law firm, decisions must be made constantly or nothing would get done. You’ve made countless decisions on what type of law to practice, your location and who to hire. Your whole operation, however, relies on your computer system and the internet to operate …
The Legal Intelligencer on Jul 19, 2018

Vault Rankings: The Best Midsize And Boutique Law Firms To Work For (2019) 
The case used to be that if you left Biglaw for a midsize or boutique firm, you had to expect a pay cut. It might not have been a huge pay cut, maybe $10K or $20K below the standard Biglaw scale — but given the opportunities offered by smaller firms, …
Above the Law – Blog on Jul 18, 2018

The Legal Toolkit : How to be a Better Law Firm Associate 
As an associate at a law firm, it can be a challenge balancing marketing yourself while also giving your best to the firm. In this Legal Toolkit , host Jared Correia talks to Jay Harrington about how young associates can take ownership of their careers and build their brand while …
PODCAST – Legal Talk Network on Jul 11, 2018

Sorry About Those Billable Hours, Millennials… 
I’ve been using the term “millennials” as has just about everyone else, for that cohort of peeps born between 1980 and 2000. Others have different definitions as to when millennial kicked in, but all are roughly in the same ballpark. In any event, the oldest millennials turn 38 this year, …
Above the Law – Blog on Jul 11, 2018

Working In-House And Want To Switch Companies? Good Luck! 
The playbook for moving between in-house and Biglaw is well known and pretty straightforward. Want to switch from in-house to Biglaw? Easy, kiss your personal time goodbye and be prepared to be a slave to the almighty billable hour. Want to move from Biglaw to in-house? Hasta la vista big …
Above the Law – Blog on Jun 28, 2018

The Last of the Small-Town Lawyers 
Justice Anthony Kennedy, who announced his retirement from the Supreme Court on Wednesday, will almost certainly be the last justice to come from a legal world that has now all but vanished—the decorous, Atticus Finch-style 20th-century life of the small-town, general-practice lawyer, who saw life from many legal angles and …
The Atlantic Wire on Jun 27, 2018

Vault Rankings: The Best Law Firms To Work For In America (2019) 
Last week, Vault released the 2019 edition of its closely watched law firm rankings, proving that money — in the form of Cravath’s perennially competitive pay scale — can buy prestige. But can that money buy happiness? In a companion ranking to the Vault 100, associates were asked to rank …
Above the Law – Blog on Jun 27, 2018

Q&A;: GDPR Compliance May Strain Resources 
The fallout from implementation of the General Data Protection Regulation will vary considerably across different sectors of the U.S. economy. Vishal Anand is senior vice president with Mindcrest and specializes contracts management and integration of emerging technologies. He offered his insights on the range of effects that may result from …
Big Law Business on May 24, 2018

How one millennial and his firm see law practice today 
Millennials now make up the largest single generational group at big law firms, according to a report by the American Lawyer. While most millennial attorneys are still associates, it is only a matter of time before they become the majority of partners. And millennials are likely to have a very …
ABA Journal Top Stories on May 23, 2018

Law Firms Dislike Muscular Outside Counsel Guidelines 
Law departments are flexing their muscles in outside counsel guidelines, and many law firms and their consultants don’t like it one bit. Is this a sign of the times in a hyper-competitive legal market or…
In-House Counsel News on May 22, 2018

Are Robot Lawyers a Solution or Problem?
While legal bloggers often opine on the potential doom and gloom that artificial intelligence and robots will bring to the legal profession, there may be more than one way to handle the incoming robot lawyer apocalypse. In a recent special business report in the Miami Herald, it’s posited that AI …
FindLaw News for Legal Professionals on May 9, 2018

The Role Of BigLaw Associate Is Changing, And Here’s How 
Monday, May 07, 2018 The Role Of BigLaw Associate Is Changing, And Here’s How Many BigLaw firms expect more technical expertise and business development skills from newly minted associates than they once did as practices strive to get ahead in a legal market in which clients are tightening their belts. …
Major, Lindsey & Africa – News on May 7, 2018

Law Firm Criticized for Client Recruiting Technique 
While marketing is important for law firms, the line between legal marketing and improper solicitation can often be a little bit fuzzy. When a law firm wades into the fuzzy areas, it’s probably a smart move to take a…
FindLaw Strategist News on May 4, 2018

The Rise of Alternative Legal Service Providers
Over the past decade, Alternative Legal Service Providers (ALSPs) have emerged as a growing force in the legal industry. The rise of ALSPs has been driven a profound shift in client expectations – clients are demanding greater transparency and predictability around legal fees, efficiencies in service and cost reduction measures. …
Big Law Business on May 4, 2018

The Law Firm Disrupted: Walmart Won’t Pay You to Cut and Paste 
The world’s largest retailer, locked in a battle over the future of its business, has developed a tool to help make its many outside lawyers more efficient.
Law.com – Newswire on Apr 5, 2018

New Business Models for Law Firms
‘Horseback Law’ is probably not what you think it is. It is not equine law, where lawyers specialize in all things horse-like. “Horseback Law” is Google’s law business model, a legal service tailored for fast-moving startups. “Lawyer rides up, assesses the problem, offers feedback and moseys on,” says practitioner-savant Carolyn …
FindLaw News for Legal Professionals on Mar 30, 2018

The Hidden Perils Of Law Firm Mergers 
Law firm mergers, and even the preliminary negotiations for a merger that never takes place, can bring with them some horrific problems. This issue was aired in a “Legal Malpractice and Risk Management Conference” in Chicago earlier this month. (Program title: “What’s Keeping Law Firm General Counsel Awake at Night?”) …
Today’s General Counsel News on Mar 23, 2018

Health Care Bankruptcy Leaves Big Law in the Lurch
The collapse of Constellation Healthcare Technologies Inc. has left more than $4 million in unpaid legal bills for four law firms, including Winston & Strawn and McGuireWoods.
The American Lawyer on Mar 22, 2018

Kirkland & Ellis is now the country’s largest law firm 
Revenue at the Chicago powerhouse rose 19 percent last year to almost $3.17 billion.
Crain’s Chicago Business News on Mar 21, 2018

One-Third of Texas Law Firm Leaders Say They Are Open to Merger Talks 
A new survey finds that 82 percent of Texas law firm leaders have been approached over the last year about a potential combination, and 32 percent say they are open to considering it.
Texas Lawyer on Mar 8, 2018

How Law Firm Social Norms Affect Culture 
Invisible forces drive what we do every day. No, I am not talking about those forces we see in sci-fi movies, but real forces brought on by social norms. This was the topic of the keynote at the Legal Marketing Association Northeast conference last fall. Presenter Jeff Leitner discussed the …
Jaffe PR Blog on Mar 7, 2018

Aggressive billing rates at elite law firms pay off 
Top law firms are seeing big returns from aggressive billing rate rises.
Global Legal Post on Mar 2, 2018

Since the economic downturn in 2008, law firms of all sizes have struggled — and most have failed — to maintain profits at levels existing prior to the market’s near-collapse.
Michigan Lawyers Weekly on Feb 23, 2018
 Law Firm Leadership is Like Walking the Dogs 
On a recent business trip to Latin America I witnessed an interesting everyday event that directly speaks to the value of leadership when…
Law Vision Insights on Feb 16, 2018
Why “knowledge sharing” cannot replace “knowledge management” Can we use the term “knowledge sharing” as better replacement for the term “Knowledge Management? There are two good reasons not to do so. image from Wikimedia Commons The terminology debate continues to rumble on in the KM world, with many people preferring …
Knoco Stories Nick Milton, Jan 26, 2018
I recently finished a review of the 2018 version of the Georgetown University Law Center’s Report on the State of the Legal Market. Although the report contains numerous quantitative facts reflecting continued struggles for the law firm services market (falling productivity, realization and profit margins), I was intrigued by the …
Lexblog Network, Jan 17, 2018
Mergers between law firms reached an all-time high in 2017 thanks in part to generational shifts in firm leadership and a rapidly evolving legal landscape, but don’t expect the legal merger market to slow down as consolidation in the industry looks set to keep rolling. Earlier this month, legal consultant …
Law360 – Legal Industry, Jan 17, 2018
Learn how Cognitive Computing is changing the Knowledge Management landscape in this latest webinar
KM World, Jan 16, 2018
From mergers to technology and the changing role of lawyers, management at firms including HSF, Ashurst and Simmons on the key trends for the year ahead
Legal Week – International Law News, Jan 3, 2018
The major law firm mergers just kept coming in 2017, with Dentons, Norton Rose Fulbright and Womble Carlyle each bolting on hundreds of attorneys through tie-ups, and the legal industry as a whole experiencing 95 combinations as of Dec. 6, according to one count. Even before concluding, 2017 has already …
Law360 – Legal Industry, Dec 12, 2017
In less than 20 years, Google has transformed everything from advertising to workplace collaboration. But undoubtedly its most notable impact has been on how people find information. Google processes over 3.5 billion searches per day and over 2 trillion searches per year worldwide, according to the most recent estimates. The …
Law360 – Expert Analysis, Dec 12, 2017
We know that law librarians lack status is the status-obsessed legal academy. Some could argue that this is a gender equity problem with females making up the overwhelming majority of law librarians (another post for another time).But the lack of status also confers a lack of academic freedom to engage …
Justia – Recent Law Librarian Posts, Dec 7, 2017
For law firm leaders closing in on the end of 2017, there is no rest for the weary. They are working hard to finish the year off well. Collecting bills, distributing profits, retaining talent are just a few of the things on their to-do lists. Even if 2017 turns out …
Lexblog Network, Dec 6, 2017
A general sense of malaise and unhappiness and a lack of motivation can set in when lawyers overextend themselves, are repeatedly bombarded with stressful situations, or fail to create a balance between work and the rest of their lives. And in some cases, that malaise is a symptom of a …
Law360 – Legal Industry, Dec 4, 2017
The Law Firm Disrupted: A Big Law Leader Sees Tech as a Threat
Winston & Strawn chairman Thomas Fitzgerald has a lot to say about the degree to which his firm has already stratified; the threat technology poses to the future of the Big Law business model; and how to respond to the competition created by alternative legal service providers.
Dec. 1 via The American Lawyer
One More Time: Law Firm Libraries Are Not About the Space
Photo by Annie Spratt on Unsplash In 1995, a law firm was approached by one of its major clients to open an office in the city where the client’s headquarters was located. The law firm really didn’t want to expand into a new region of the country, where it had …
Nov 28 via 3 Geeks and a Law Blog
The Potential Risks of “Senior” Leadership 
Many law firm leadership teams are making key decisions today that will determine the long-term success or failure of their firms.
Oct. 27 via Law Vision Insights
The billable hour is the oldest revenue structure the legal profession knows. The structure, where an attorney spends a disclosed amount of time on your…
Oct. 25 via Intellectual Property Brief

 

Engage! A Lawyer’s Guide to Social Media Marketing – Seven Steps for Promoting Law Firm Video 
10/21/2017 Engage! A Lawyer’s Guide to Social Media Marketing – Seven Steps for Promoting Law Firm Video Adam Stock and Stefanie Knapp in Engage! A Lawyer’s guide to Social Media Marketing
Oct. 22 via Allen Matkins – Business Opportunities
man standing in front of business crowd speaking

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