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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