#biglaw-firms

#biglaw-firms

Boutique law firms offer early trial experience compared to Biglaw firms.

The American Lawyer's A-List ranking evaluates Biglaw firms based on financial and cultural factors, including revenue per lawyer, pro bono commitment, associate satisfaction, and diversity.

Biglaw firms transitioning to flexible office models in Miami for increased efficiency and adaptability.

Some Biglaw firms now offer billable hour credits for mental health and well-being programs.

Lawyers are major political campaign donors, with Biglaw firms favoring Republicans in congressional races despite the legal profession overall supporting Democrats.

Biglaw firms scrutinize incoming associates' views on Israel/Hamas conflict. Sullivan & Cromwell announces stringent vetting process post anti-war protests.

Biglaw firms are leasing less office space, showing a downward trend.

Second Hundred Biglaw firms saw revenue increase but lagged behind Am Law 100 in key metrics.

Biglaw firms are in a rush to open new offices in Boston, indicating a trend in the legal industry.

Biglaw firms are reducing their presence in China due to market conditions, data security risks, and US-China relations.

Biglaw firms are enhancing office culture by adding unique perks like music rooms to attract and retain attorneys.

Two BigLaw firms, Troutman Pepper Hamilton Sanders and Locke Lord, are in merger talks to create a potential top 50 revenue firm with over 1,600 lawyers.

Law school rankings can be erratic and unpredictable due to lack of cooperation from law schools.

Biglaw firms face irony in promoting healthy sleep while being a primary reason for associates' lack of sleep.

Lewis Brisbois Bisgaard & Smith leads in lateral associate hiring with 279 new associates in 2023.

Despite an overall decrease in lateral associate hiring, some BigLaw firms like Jackson Lewis and Paul, Weiss, Rifkind, Wharton & Garrison are increasing their lateral hiring numbers.

Lawyers upset about increased office time

Firm emphasizes benefits of in-office work for collaboration, skill-building, and culture.

Biglaw firms exiting China due to increased government scrutiny.

Reputational considerations leading to termination of relationships with Chinese companies.

Nelson Mullins expands in Texas with Houston office

Focus on energy, private equity, and healthcare sectors

Biglaw firm Weil Gotshal closed Beijing office and might close Shanghai office.

Weil Gotshal aims to consolidate Asia operations through Hong Kong office.

Biglaw firms closing offices in Asia, particularly in China

Orrick closed Taipei and winding down Shanghai office, citing rebalancing and client demand

Biglaw firms are shifting towards more egalitarian office spaces for all attorneys, moving away from the traditional model of partners having larger offices than associates.

Freshfields has implemented a new office space design where both junior associates and senior partners have solo workspaces that are roughly 140 square feet, promoting a more equal environment.

Biglaw firms are embracing AI in the legal sector with tools for tasks like document summarization and email drafting.

Clifford Chance partnered with Microsoft to introduce a range of AI solutions for its global workforce.

Biglaw Firms on TikTok

CROWN Act Ineffectiveness

Trump Legal Troubles Summary

Biglaw leaders condemn funding plan diverting $100 million from legal aid for low-income New Yorkers.

Diversion of funds would harm low-income New Yorkers and violate the statute that created IOLA.

Former Supreme Court clerks are receiving signing bonuses of up to $500,000 when joining Biglaw firms.

Jones Day has hired 22 Supreme Court clerks since October Term 2020.

Almost 40% of lawyers surveyed identified 'profit-mindedness' as something that induced negative feelings toward their law firm.

Lack of transparency and poor partner/associate ratios were also cited as reasons for a negative culture in Biglaw firms.

Biglaw firms using MLK quotes without action

Lawyer advocating for blow

Martin Luther King Jr. Day is often misused as a way for people to justify positions that King would not have supported.

Martin Luther King Jr. had non-violence and racial equity as core tenets of his philosophy, and it is jarring to see people who do not embody those values praising him.

The Covid-19 pandemic has led to changes in the work-from-home policies of Biglaw firms.

Slaughter and May, a Magic Circle firm, requires attorneys to spend a minimum of three full days per week in the office or at a client.

Biglaw firms are expanding their nonequity partner ranks

83% of Biglaw firms expect to increase the size of their income partner roles in the next two years

Several BigLaw firms are raising associate pay in response to Cravath's announcement on pay hikes.

Cravath's new pay scale ranges from $225,000 to $420,000 annually for associates.

Biglaw firms are shifting to hybrid work schedules post-Covid, leasing more new spaces, and focusing on smaller, efficient offices.

Texas offers vast job opportunities for lawyers, especially in energy and finance sectors with top Biglaw firms dominating the legal scene.

Biglaw firms may reevaluate year-end bonuses compared to boutique firms.

Big firms may not follow the trend of summer bonuses set by boutique firms.

Biglaw firms moving to Florida for progressive workspace models.

Biglaw firms are not likely to follow boutique firms in offering COVID-era bonus incentives, as they are not currently desperate for talent.

Hughes Hubbard & Reed pays new associates the highest starting salary at $235,000.

Biglaw firms recognized Juneteenth as a holiday post-George Floyd protests for employees to reflect on racial injustice.

Biglaw firms are causing local firms like Burns & Levinson to lose lawyers and consider merger opportunities.