Big Law

News & Analysis as of

Abandon Random Acts of Interviewing — A Structured Process Is Worth the Effort

Law firms across the country once again are visiting law school campuses to interview students for much sought after summer associate or entry-level positions. A lot of time and effort will be devoted to this process, and...more

Living Through a Paradigm Shift

The initial two paragraphs of Richard Susskind’s newest book, Tomorrow’s Lawyers, are perhaps the boldest and most confident of any commentator currently writing on the legal industry: This book is a short introduction...more

Bingham McCutchen Reaches Out For BigLaw Merger Partners [Video]

July 22, 2014 (Mimesis Law) -- Casey Sullivan, reporter at Reuters, talks with Lee Pacchia about Bingham McCutchen's recent efforts to merge with another large law firm. According to Sullivan, the Boston based firm has made...more

Dentons Global Chair Eyes Growth Through Law Firm Mergers  [Video]

June 27, 2014 (Mimesis Law) -- Joseph Andrew, Global Chair at Dentons, talks with Lee Pacchia about his firm's decision to stop reporting Profits Per Equity Partner to media organizations tracking and ranking the financial...more

Looking at the Winners: How BigLaw Firms Can Grow in 2014  [Video]

June 27, 2014 (Mimesis Law) -- Kent Zimmermann, consultant at the Zeughauser Group, talks with Lee Pacchia about the drivers of success in many law firms that are thriving in a challenging market, including traditional...more

Getting the Most from Your Summer Clerkship

Summer recruiting programs are underway at most big law firms. Here’s how summer clerks can learn the most and maximize the odds of getting an employment offer when the summer ends. • Make the most of mentors. Most...more

Welcome to the Party

I read with great interest Sir Nigel Knowles’ article in The Lawyer, a publication concentrated on the UK legal market, entitled “The end of the legal market as we know it is nigh”....more

Why Does BigLaw Have So Few Black Partners?  [Video]

June 3, 2014 (Mimesis Law) -- Aric Press, editor-in-chief at ALM, talks with Lee Pacchia about a recent survey released by The American Lawyer that shows large law firms struggling to recruit black lawyers and promote them to...more

Does Law Firm Pro Bono Come At The Expense Of Paying Clients?

Pro bono has come a long way in the last decade or two. More and more law firms have effective, structured pro bono programs, and many corporate legal departments either have pro bono programs or are working on developing...more

Law Firms Getting Schooled

Law firm partners have a curious approach to addressing client needs. Imagine a crowded subway car in which a General Counsel is sitting comfortably while a Biglaw partner stands next to him. When the train lurches, the...more

What Ails the Large Law Firm? Will the Real FutureFirm Please Stand Up

What Ails Big Law?” was written in the early summer of 2009, shortly after the completion of FutureFirm 1.0 — a “collaborative competition” in which teams of law firm partners, in-house lawyers, and junior associates competed...more

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

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