Categories
Market News

‘The Sky Is Not Falling’: Layoff Barrage Belies Continued Strength of In-House Hiring Market

By Greg Andrews for Law.Com Despite the barrage of headline-grabbing tech company layoffs lately, the bottom has not fallen out of the in-house attorney market, recruiters say. Far from it, in fact. “The sky is not falling,” said Julie Q. Brush, CEO of Redwood Shores, California-based Solutus Legal Search. “There is still hiring activity in […]

Categories
Market News

For Crypto Attorneys, FTX Bankruptcy Is a ‘Black Swan Event’

By Justin Henry and Alexander Lugo for Law.Com After a tumultuous week for cryptocurrency trading giant FTX culminated in a bankruptcy filing Friday, the reputation of the emerging asset class is bruised and battered. But the battle set to unfold in Delaware court will likely provide a venue for bankruptcy and regulatory attorneys to air […]

Categories
Market News

Here’s What to Expect in the Lateral Legal Market in 2023

By Karen Vladeck, Whistler Partners, for Bloomberg Law Lately there has been much discussion about a recession, layoffs, and hiring freezes in the legal market, particularly in Big Law. Many of the top law firms in the world are deal-driven firms. A 57% global reduction in IPOs in the third quarter from a year earlier has led to a significant […]

Categories
Market News

Law Firms May Soon See Ripple Effect of New York’s Pay Transparency Law

By Patrick Smith for New York Law Journal New York City’s pay transparency law has the potential to alter the talent competition in Big Law for both attorneys and business professionals.  The law may have little effect on associates at the largest firms who receive pay in lockstep. But Big Law will need to confront […]

Categories
Market News

ANALYSIS: Are Fewer Lawyers Searching for New Jobs?

By Jessica R. Blaemire for Bloomberg Law The “Great Resignation” may be ending for attorneys—or at least slowing—according to the results of a recent Bloomberg Law survey. From summer 2021 to winter 2022, a consistent range of 7% to 10% of attorney respondents to Bloomberg Law Workload & Hours Surveys that were conducted during that […]

Categories
Market News

Companies’ Litigation Caseloads Grow Faster Than Spending

By Jack Karp for Law360.com In a reversal from last year, the number of cases companies are litigating is growing faster than the amount of money being spent on that litigation, according to a new report published Thursday. Companies are facing more litigation than ever, with the number of cases up 10% from last year’s […]

Categories
Market News

Legal Innovators, Seyfarth, RTX Partner For Diversity Program

By Matt Perez for Law360.com Recruiting firm Legal Innovators announced on Thursday a new program that aims to increase diversity among junior legal talent by offering attorneys time to work both at a law firm and as in-house counsel. Legal Innovators said Thursday that it would pilot the program with Seyfarth Shaw LLP and Raytheon Technologies. The recruiter […]

Categories
Market News

Summer Associates Rate Their Experience Across Big Law

By Dan Roe for The American Lawyer Congratulations Big Law partners, counsels, associates and support staff: You did it again. As they return for their final year of law school, this year’s summer associates are brimming with optimism about their future careers at your law firms, which 73% of associates expect to have. You convinced […]

Categories
Market News

Midsize law firms see positive results amid challenges, new report finds

Published on ThomsonReuters.com The midsize law firm segment in the United States has found itself the focus of renewed and growing interest among many legal market observers in the first half of 2022. Looking as far back as 2015, the midsize segment led the legal market in demand growth, besting both the Am Law 100 […]

Categories
Market News

Crypto Lawyers Bet Big on Class Action Lawsuits as Market Slides

By Justin Wise for Bloomberg Law As the Biden administration ramps up its scrutiny of the cryptocurrency industry, a handful of small litigation shops are piling up class actions against crypto exchanges and digital token issuers, pursuing theories that could shape how decades-old laws apply to the emerging field. Led by partners from boutique firms, […]