Big Law

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Zimmermann: Dewey Charges Send 'Warning' To Struggling Law Firms [Video]

Mar. 12, 2014 (Mimesis Law) -- Kent Zimmermann, consultant at the Zeughauser Group, talks with Lee Pacchia about the recent spate of charges filed against former leaders of defunct law firm Dewey & LeBoeuf and what they mean...more

The Changing Definition of Value: What Matters Most to In-House Counsel

The rules have changed. Law firm partners worldwide reached professional maturity in a much simpler world: One delivered a quality work product and everything else fell into place. Clients were satisfied, lawyers were...more

Intern Lawsuits (Continued): Another Big Settlement

As was anticipated in light of the intensified focus upon internships over three years ago, the next stage was a spate of high-profile lawsuits by unpaid or allegedly-underpaid interns under the federal Fair Labor Standards...more

Set Your “Target” on Data Security in 2014

Target Corp.’s data breach has been big news this holiday season, with as many as 40 million holiday shoppers across the nation exposed to potential credit and debit card fraud. According to the Identity Theft Resource...more

Top Priorities for BigLaw in 2014? Here's the CMO Perspective...

What will be the top priority for law firms in 2014? The answer depends on whom you ask, of course – and, for our Firm Leadership series, we put the question to chief marketing officers at law firms publishing on JD Supra...more

Kaye Scholer’s clients need to check their bills

Another law firm has motivated its associates to spend more time rather than less getting their work done. Kaye Scholer is paying upwards of $20,000 in additional bonuses to those who exceed 2,200 hours per year. The firm’s...more

Did the Market for Law Firm Associates Peak 25 Years Ago?

Based on the chart below, which reflects 35 years of large law firm data, the answer appears to be yes. The chart enables us to compare two very simple trendlines: the percentage of lawyers in NLJ 250 law firms who have the...more

BigLaw Bonus Season: Treading Water is a 'Victory'  [Video]

Dec. 5 (Bloomberg Law) -- David Lat and Elie Mystal from Above the Law talk with Bloomberg Law's Lee Pacchia about 2013 bonuses for lawyers at Cravath and Skadden, as well as some recent and noteworthy breakdowns in merger...more

Signs of the Times

When you spend a lot of time looking at the world through the lens of developments in the legal profession, sometimes the ironies of happenstance can slap you right square in the face. Take, for example, page B3 of the of...more

MacEwen: Partners Can't Really be Entrepreneurial  [Video]

Nov. 14 (Bloomberg Law) -- This year has been a "long slog" for most major law firms, with revenues and profits rising modestly, if at all, law firm consultant Bruce MacEwen tells Bloomberg Law's Lee Pacchia. Two aspects of...more

Is the Biggest Name Really the “Safest” Choice for Securities Class Action Defense?

When I moved my securities litigation practice to a regional law firm from biglaw, I made a bet. I bet that public companies and their directors and officers would be willing to hire securities defense counsel on the basis...more

Zimmermann: Rumored BigLaw Mergers Are Blockbusters  [Video]

Oct. 31 (Bloomberg Law) -- Kent Zimmermann, consultant at the Zeughauser Group, talks with Bloomberg Law's Lee Pacchia about two potential BigLaw mergers. Recent reports have indicated that Orrick Herrington & Sutcliffe is...more

The Problems with the Legal Industry

I love being a lawyer and I wanted to be one since Mrs. Rosenblum’s third grade class. I love being a lawyer a lot more since I started my own practice more than 3 years ago and one of the reasons is because by being on my...more

Dechert Looks to Hollywood for Marketing Edge  [Video]

Aug. 1 (Bloomberg Law) -- Duncan Wiggetts, partner at Dechert LLP, talks about the release of "A Price Worth Paying", a new film produced by the law firm and Area 17 highlights some of the corporate governance issues facing...more

What Do “The Last Days of Big Law” Mean for Boutique Firms?

Noam Scheiber’s recent New Republic article, “The Last Days of Big Law,” has been buzzing over my social media stream for the past week or so. It’s a pretty sobering read, although it hasn’t gone uncriticized....more

No need to call 911, BigLaw is alive and evolving

Numerous articles focusing on the imminent perils of BigLaw firms continue to pop up, turning the phenomenon into somewhat of a sport in recent months. But Noam Scheiber’s recent article in the New Republic provides perhaps...more

Axiom Law: BigLaw's Friend or Enemy?  [Video]

July 18 (Bloomberg Law) -- Axiom Law -- which has 1,000 employees in 11 offices -- isn't a legal process outsourcer, claims its founder and CEO Mark Harris. But it's also not a law firm, he says. Yet it's been solely...more

BigLaw's Scramble to Hire the Best [Video]

July 3 (Bloomberg Law) -- Jay Grushkin, hiring partner at New York's Milbank Tweed, talks with Bloomberg Law's Lee Pacchia about how the hiring season has changed since the recession in BigLaw began in 2008. Elite law schools...more

Weil, Gotshal & Manges effectively navigates the communications waters

On the front-page of Tuesday’s Wall Street Journal, Weil, Gotshal & Manges announced that it laid off about 170 attorneys and support staff and slashed compensation for about 30 of its 300 partners. The firm ranked 13th in...more

MacEwen: Weil Gotshal Layoffs Start of Wave  [Video]

June 27 (Bloomberg Law) -- Weil, Gotshal & Manges' announcement this week it is firing 60 associates and 110 support staffers, and cutting the pay of about 30 partners, is the start of a wave of such downsizings, according to...more

Diversity at Law Firms in the Post-Recession Era

Law firms’ efforts to achieve diversity in their ranks, especially at the partner level, began as long ago as the early 1990s. They ramped up in the early 2000s as many firms invested heavily in programs designed to recruit...more

Businessweek Reporter: BigLaw Is "Crash Landing" [Video]

May 2 (Bloomberg Law) -- Paul Barrett, assistant managing editor and senior writer for Bloomberg Businessweek tells Bloomberg Law's Lee Pacchia that Big Law is currently experiencing "a very difficult crash landing that is...more

With Radical Changes, Law Firms Can Beat Recession [Video]

May 2 (Bloomberg Law) -- Just as legal process outsourcers are stealing business from law firms today by doing it cheaper, they too will face pressure in the coming years from technologies that can do the the job even cheaper...more

This Year's AmLaw 100: "Fundamental Recovery" for Some  [Video]

April 25 (Bloomberg Law) -- Revenues and profits on average rose in the low single digits at the nation's 100 highest-grossing law firms in 2012, sparking a "fundamental recovery," Robin Sparkman, editor-in-chief of American...more

Zimmermann: Up to 20% of AmLaw 200 "Badly Weakened"  [Video]

April 25 (Bloomberg Law) -- A substantial percentage of the nation's largest law firms enter the sixth year of the Great Recession "badly weakened," and more firms are expected to fail, according to law firm consultant Kent...more

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