News & Analysis as of

Big Law

The race to get “Big” is a race to the middle.

by Ross Fishman on

So much consolidation has already occurred that in many markets the only remaining standalone law firms are either: (1) fiercely independent, or (2) mediocre. That is, in larger cities the leading smaller firms were...more

Bi-Modal Distribution: A Picture of the Melting Right Mode (LWB Farewell Series)

by William Henderson on

The biggest break I ever got in my academic career occurred nearly ten years ago when I attended the Council meeting for Section on Legal Education and Admissions to the Bar at the August 2007 ABA Annual Meeting. I was one...more

Craig Ball of Craig D. Ball, P.C., Part 1: eDiscovery Trends

by CloudNine on

This is the sixth (and final) of the 2017 Legaltech New York (LTNY) Thought Leader Interview series. eDiscovery Daily interviewed several thought leaders at LTNY (aka Legalweek) this year to get their observations regarding...more

Understanding Change Triggers

by Timothy Corcoran on

In the Biglaw legal marketplace, it’s taken as gospel that loyalty is dead. Corporate clients that once retained the same law firms over a multi-year period may now issue RFPs and shift the work to lower-priced firms....more

Reflections from a former Deputy General Counsel - How the Legal Landscape is Changing & the Real Secret to Job Security

by Nexsen Pruet, PLLC on

I have seen the nature of legal services transform over the 20+ years of my career as an attorney. The evolution of the global business environment has driven some of it, but lawyers were slow adapters and we now find...more

Superfast Whitepaper

by LawVision Group LLC on

Is Your Firm Among the 13%? Emulating the Fastest-Growing Firms in the New Legal World - The November 2014 issue of The American Lawyer headlined with an engrossing article by Aric Press entitled “BigLaw’s Reality...more

"PwC expands into legal market"

by William Henderson on

That's the headline from the Financial Review, a leading Australian business newspaper. The plot is nearly identical to a September post regarding accounting firms in India. See India, Big 4 and Elite Law Firms in Direct...more

Wishin’ and Hopin’ … and Sittin’ on Your Hands

by Pamela Woldow on

What if you invented a better mousetrap, but the world didn’t beat a path to your door? What if you developed a promising new medicine for a troubling condition, but when the doctor prescribed it, the patient refused to take...more

The Roundup: This Week’s Recommended Reading (September 25, 2015)

by Law School Toolbox on

Handling the Stress of a Legal Career:What can you do – as a busy legal professional – to find some balance in your life and handle the stress that’s endemic to the profession? Here are four suggestions. (About.com)...more

The Roundup: Last Week’s Recommended Reading (September 18, 2015)

by Law School Toolbox on

Start Listening to These 8 Legal Podcasts: With topics ranging from mindfulness to literature, it should be no surprise there are no shortage of legal podcasts to enjoy. Here are eight podcasts that I recommend you add...more

In India, Big 4 and Elite Law Firms in Direct Competition for Highly Lucrative Advisory Work

by William Henderson on

Lawyers may have a monopoly over the practice of law, but what exactly does the practice of law encompass? In most common law jurisdictions, the term is not even defined. And there's likely a self-interested reason why. ...more

What's driving the demographic gap between BigLaw leaders and their CEO/GC clients?

by William Henderson on

The illustration to the left was just published in The American Lawyer. It accompanied a story on how law firm leaders are significantly older than leaders in the large corporations they serve. See MP McQueen, The Generation...more

Fixing the Economics of Securities Class Action Defense: Nationwide Defense by Regional Firms

In my last D&O Discourse post, I discussed why changes to the securities litigation defense bar are inevitable: in a nutshell, the economic structures of the typical securities defense firms – mostly national law firms –...more

PaleoLaw.

by Valorem Law Group LLC on

Words matter. I have chosen mine poorly. I am here to correct my ways. For the longest time, I have written critically of “BigLaw,” as if size itself was the problem. To be sure, most large law firms suffer from the problem,...more

The Perils of Income Smoothing

by Timothy Corcoran on

Perhaps you’ve been following the criminal trial of former leaders of disbanded law firm Dewey LeBoeuf LLP. The prosecution contends that these leaders purposely misled other stakeholders, including equity partners,...more

Big Law’s Future in a Borderless World

by Latham & Watkins LLP on

For the recent financing of a gas project in Russia, Latham & Watkins represented a joint venture for Russian, French, and Chinese partners. Our attorneys communicated with clients in their native tongues, discussing...more

The Roundup: This Week’s Recommended Reading (July 3, 2015)

by Law School Toolbox on

From Around the Web - She’s Not a Cop, But She’s Their CPO: Liz Lyons is truly in a league of her own. She’s the privacy officer of the Washington Police Department, and she made the job up. (The Privacy Advisor) ...more

The Roundup: Last Week’s Recommended Reading (May 29, 2015)

by Law School Toolbox on

From Around the Web - The Absolute Worst Way to Run a Law School: What law school employed a president who quit after only eight days? Hope it wasn’t your school! (Above the Law)...more

The Roundup: This Week’s Recommended Reading (Mar 13, 2014)

by Law School Toolbox on

From Around the Web - What Does the 21st Century Legal Career Look Like: Our own Alison and Lee talk about the steps to creating an alternative legal career path and what students should be doing in law school to prepare...more

The Roundup: This Week’s Recommended Reading (Mar 6, 2014)

by Law School Toolbox on

Welcome to The Roundup for the week ending March 6. We have lots of thought-provoking pieces to share this week. From Around the Web - What is Good Legal Writing? To find success as a lawyer, it’s critical to be...more

The Roundup: Last Week’s Recommended Reading (Feb 27, 2014)

by Law School Toolbox on

From Around the Web - How Law School Prepared 3L Hali Ford to Compete on Survivor: 3L Hali Ford talks about her tough choice to compete on the show and how law school in San Francisco prepared her for this challenge of...more

7 Reasons Why Your Law Firm Has Not Yet Found the Right CMO

by Timothy Corcoran on

A number of law firm leaders have expressed concerns to me regarding what they perceive to be a lack of quality and qualified candidates for the most senior law firm marketing positions, such as chief marketing officer or...more

The Early Days of Legal Analytics

by William Henderson on

There is an interesting story in Forbes on Lex Machina, a legal start-up that provides analytics for use in patent litigation. See Dan Fisher, Stanford-Bred Startup Uses Moneyball Stats to Handicap Judges, Forbes, Feb. 2,...more

Is the Patent Litigation Boom Coming to an End?

by Mimesis Law on

Feb. 3, 2015 (Mimesis Law) -- David Marcus, reporter for The Deal, talks with Lee Pacchia about how a recent sale of a patent portfolio could signal a slowdown in patent litigation work. Lee wonders if this spells a problem...more

Securities Litigation Economics: A Blast from the Past

Securities litigation headlines are dominated by mega-cases. But the majority of securities class actions are brought against smaller companies. And it appears that plaintiffs’ lawyers are filing an increasingly large number...more

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