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Market News

‘A Very Pro-Attorney Market’: The Pandemic Has Given Individual Attorneys More Leverage

By Andrew Maloney for Law.com The pandemic has shifted power away from law firms and toward their lawyers, giving individual partners and associates more autonomy. From flexible work arrangements to associate pay and the thriving lateral market, individual lawyers appear to have gained significant leverage over management since COVID-19 shut down much of the economy last March, […]

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Market News

‘It’s a Real Business Issue’: How Clients Are Making Firms Embrace Diversity Goals

By Dan Clark for Law.com/Corporate Counsel Law firms have a long way to go in seeing the results of their diversity, equity and inclusion efforts, but many are devoting more resources to those initiatives. Clients remain a driving force behind that progress, law firm leaders and in-house leaders said Thursday during a panel discussion hosted by […]

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Market News

New Big Law Program Seeks to Support Retention and Promotion of Black Associates

By Bruce Love for Law.com More than a dozen large law firms are participating in an initiative starting in July that is designed to help Black associates advance their careers. Funded by the Arnold & Porter Foundation and designed by the National Bar Association, the Associate Advancement Academy for Excellence is a year-long program that is aimed […]

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Market News Pro Bono

The 2021 Pro Bono Scorecard: National Rankings

By ALM Staff for Law.com This chart ranks the Am Law 200 by their pro bono score for work performed by U.S.-based lawyers. Half of the score comes from the average number of pro bono hours per lawyer in 2020; the other half represents the percentage of lawyers who performed more than 20 hours of […]

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Market News

The Milbank Salary Raise Is a Gut Check for Big Law

By Dylan Jackson, Patrick Smith, and Andrew Maloney for Law.com It’s here. After an intensely competitive associate lateral market has gripped the industry since the beginning of the year—flush with signing and special bonuses—Milbank has upped the ante by announcing that associates will see a salary bump starting July 1, with first-year salaries now at $200,000 per year. […]

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Market News

Judges: Expect hybrid trial system after the pandemic

ABA Legal News That was the consensus of three judges and a former magistrate judge at a June 3 ABA webinar on the future of remote jury trials after the pandemic. The program was hosted by the ABA Judicial Division and sponsored by Thomson Reuters. The judges agreed that in-person criminal trials probably will return to courtrooms […]

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Market News

Legal Sector Gains More Jobs, Nears Pre-Pandemic Levels

By Aebra Coe for Law360.com The U.S. legal sector is inching its way back toward pre-pandemic employment levels, according to a report out Friday by the Bureau of Labor Statistics, which showed the sector added 1,700 jobs between April and May. The number of seasonally adjusted jobs in the sector rose to 1,138,500 in May, preliminary […]

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Market News

Remote Bar Exams Are Out. In-Person Testing to Return in February

By Karen Sloan for Law.com It seems that the in-person bar exam is making a comeback. The National Conference of Bar Examiners announced Tuesday that it is not planning to make a remote bar exam available to jurisdictions for the February 2022 exam, and will instead only offer materials for an in-person exam. The National Conference, which […]

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Market News

Mass. bankruptcy lawyers reflect on trends in their practices

By Sean McFadden for the Boston Business Journal With this week’s list, the Business Journal revisits the topic of Bankruptcy Law in Massachusetts after a long absence (scroll to the bottom of this article for the full list). It’s a representative sample, showing a wide range of local firms offering services in this area of […]

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Announcements

Biden Calls For Expanded Access To Justice For The Poor

By Marco Poggio for Law360 President Joe Biden will use his executive power to expand access to publicly funded legal representation for the poor, the White House announced Tuesday. Biden is directing the U.S. Department of Justice to come up with a plan to boost federal aid to publicly funded legal services, in a bid to allow […]