#legal-industry

#legal-industry

Leaders need to make themselves vulnerable when it comes to AI. As Rajan observed, there is power in saying I don't know. Of admitting that I don't know what the future will hold or what the best AI use cases will be. That's a hard pill for most lawyers to swallow and for managing partners of a firm full of aggressive lawyers to admit.

We thank the Australian firm for the years of teamwork and partnership. We sincerely appreciate the long-term support and trust shown by our clients. We will continue to put clients first while striving for excellence in everything we do. We remain committed to our international strategy and will continue to expand our geographic coverage through both organic growth and collaboration with other leading firms globally.

Trump takes a chainsaw to a bunch of federal unions. [ Bloomberg Law] Bar exam scores are sky high. [ Reuters] More petty Trumpian retribution: Kamala Harris's Secret Service detail nixed. [ Huffington Post] The legal fight over the abortion pill is ramping up in disturbing ways. [ Slate] Trump's approval rating is down, as it turns out Americans aren't a fan of military takeovers. [ The Hill]

The legal industry experienced an unexpected increase in demand, primarily driven by litigation practices, while corporate practices in the Am Law 100 faced declines.

In the first half of 2025, there were only nine partner moves for New York private equity partners—less than 50% of the 2024 total, indicating cautious hiring.

A lawyer's referral can sometimes lead to misunderstandings about the level of effort required for matters that have little monetary value, potentially burdening the receiving attorney.

Associates at firms with 200 attorneys or fewer were asked to rank their own law firms based on overall satisfaction, firm culture, hours, compensation, and quality of work.

"Milbank's response to Trump's order underscores the legal community's ongoing resistance to executive overreach, emphasizing the necessity of maintaining checks and balances in governance."

Nearly 73% of lawyers say jerks are tolerated in some form at their firms, highlighting a pervasive issue that persists within the legal industry.

The term 'Magic Circle' is now criticized as 'lazy journalism,' reflecting the diminishing charm of once-elite London law firms.

Legal professionals should reconsider their reliance on faxes, as modern communication methods like email are more reliable and efficient, given that fax technology has been outdated for years.

The legal industry as a whole may eventually return to the office, but those hired during the lockdown are bolting, indicating a significant workforce shift.

The remarkable letter gave voice to many Americans who do not share Trump's vision for the country and have watched with growing rage as prominent institutions have caved.