#law-firms

#law-firms

California has a certain kind of easy-going vibe that'll make you appreciate that business casual lifestyle. Depending on where your office is located, you may even be able to see the beach from your window.

When she took over in 2014 as the firm's first female chair, it wasn't just a milestone for Morgan Lewis, it was a signal to the rest of Biglaw that the 'boys club' at the top wasn't inevitable.

"Every growing law firm must document its processes. Standard operating procedures are not optional if you want consistency, training efficiency, and delegation. The challenge is that most firms delay documentation because it feels time consuming."

Most of us within the legal profession remember when many law firms permitted attorneys and staff to work from home during the COVID-19 era. For the most part, working from home did not impact law firm operations, and indeed, many law firms realized record profits during the pandemic. In recent years, many law firms have mandated that employees return to offices, perhaps due to old-school notions of collaborations, or perhaps since they don't want their expensive office spaces to go unused.

The economy doesn't move in straight lines, and oftentimes law firms feel every shift. Costs rise, clients hesitate, and financial decisions carry more weight than they used to.

More than 190,000 people work in an LLP, a structure that is very popular with lawyers. Partners pay income tax on profits as they arise, but they are considered self-employed and therefore do not pay any employer's national insurance. It would otherwise be levied at 15% on their income. Reeves is said to consider this unfair and is expected to levy a slightly lower rate on partners, according to government sources confirming plans first reported by the Times.

If an attorney chooses to publicly air controversial opinions, they can expect to get fired. Law firms are a business first, and if their public-facing professionals make statements that alienate clients or create the whiff of a hostile work environment, the firm can cut ties to protect its business. It's not a free speech thing, it's just business. That said, firing someone over their remarks is always a question of "coulda and shoulda."

Private practice lawyers were more than five times as likely as their in-house counterparts to choose hourly billing, while in-house counsel were more than twice as likely to choose value-based or outcome-driven pricing.

COOs perceive law firm partners as the primary barrier to change, indicating that partners disregard the improvement recommendations put forth by their COOs.

Tariffs implemented across various sectors are beginning to negatively impact client earnings, resulting in decreased profitability for businesses reliant on international trade and commerce.

"Alina Habba Is Named Acting U.S. Attorney in New Jersey; Ms. Habba's tenure as interim U.S. attorney was slated to end this week, but the Trump administration's appointment will allow her to remain the top law enforcement official in the state."

A&O Shearman has agreed to a $125 million pro bono initiative to conservative causes while pushing back the start dates for some associates in the class of 2025.