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N.Y. law firms raise starting salaries to $215,000 as lawyer pay race continues

By David Thomas for Reuters Large U.S. law firms may be poised for yet another round of associate pay raises, with New York-based firm Milbank on Thursday increasing annual salaries by as much as $20,000 depending on seniority. Within hours, rival New York firm Cadwalader, Wickersham & Taft said it would match the new Milbank […]

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Omicron fears spark new delays for law firm office re-openings

By David Thomas and Sara Merken for Reuters More U.S. law firms are delaying large-scale office returns and taking other steps to confront the rising Omicron coronavirus variant, with one large firm telling its employees to work from home and another now explicitly requiring COVID-19 booster shots. Several large firms confirmed Monday that they are pushing […]

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Announcements Market News

Midsize Law Firms Kick Off Expansion and Merger Deals in 2022

By Andrew Maloney for The American Lawyer Large law firm combinations have continued at a slower pace, but a slew of small, midsize and regional firms are kicking off 2022 with growth, expansion or merger deals. Meanwhile, a handful of pending combinations could be a harbinger of the industry’s commitment to getting large deals done in […]

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Announcements

Quinn Emanuel tells U.S. lawyers they can work from anywhere, forever

By David Thomas for Reuters.com Law firm Quinn Emanuel Urquhart & Sullivan on Monday said all of its U.S. lawyers, including first-year associates, can work from anywhere in the country indefinitely. The 875-lawyer litigation firm will recruit lawyers in places where it doesn’t have an office, giving it an advantage in the U.S. legal industry’s […]

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Verrill Dana, Boston’s Rackemann Plan New Year’s Day Tie-Up

By Brian Dowling for Law360.com New England law firm Verrill Dana LLP plans to combine with Boston’s Rackemann Sawyer & Brewster as the clock strikes midnight on New Year’s Eve, the firms said Tuesday. The combination, effective Jan. 1, expands Verrill’s Boston presence, nearly doubling its headcount in the city to 60 attorneys. The firms, both founded in the […]

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Arent Fox and Schiff Hardin to Merge, Creating a New Am Law 100 Powerhouse

By Bruce Love for The American Lawyer The merger of two storied Am Law 200 firms is creating a new major player that will instantly be propelled into the Am Law 100 list of the nation’s biggest firms. Washington-based Arent Fox and Chicago-headquartered Schiff Hardin have signed a formal agreement to merge, effective March 1, […]

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Tight job market puts law firms in scramble for talent

By Pat Murphy for New England In-House Law firms and corporate legal departments in Massachusetts are facing headwinds trying to find the qualified attorneys they need to fill open positions. Kenneth J. Albano, managing partner of Springfield-based Bacon Wilson, touts the success of the firm’s 100 attorneys and staff in navigating the last 18 months […]

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Big Law Betting on the Rise of Cryptocurrency Due to Increasingly Complex Regulatory Scheme

By Dylan Jackson for Law.Com Cryptocurrency is having its moment in the spotlight, and Big Law firms are betting on the industry to grow and legitimize. Cahill Gordon & Reindel, Brownstein Hyatt Farber Schreck and Quinn Emanuel Urquhart & Sullivan pulled from government ranks to bolster their cryptocurrency offerings this week as the industry faces increased […]

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Market News

Lateral Hiring Is Becoming So Competitive That Big Law Firms Are Seeking Mergers Instead

By Dylan Jackson for The American Lawyer Consultants are portending a flurry of law firm mergers in 2022, especially among larger firms, as the tight lateral market shows no signs of abating and the elite pull further away from the rest of the pack. Many firms are currently in merger talks, consultants told Law.com. The interest […]

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Announcements Market News

As Social Impact Becomes The Test, Firms Asked To Step Up

By Jacqueline Bell for Law360 The past few years have been boom times for advocates of socially responsible business practices. The impacts of climate change, a global pandemic and a national reckoning on racial justice have pressed businesses of all stripes to take stock of their own practices, and renew their commitments to do good […]