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Women made up 49% of Fortune 500 general counsel appointments in 2021

By Madeline Anderson for The Global Legal Post The gender balance of general counsel appointments at US Fortune 500 companies reached near parity for the first time last year when 49% of the 59 new GCs unveiled were women. That near 50/50 balance compared to 42% of the 2020 appointments being female, up from just […]

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Crypto Industry Can’t Hire Enough Lawyers

By Mengqi Sun for The Wall Street Journal The cryptocurrency industry is ramping up efforts to recruit more legal talent as it faces increased regulatory pressure while looking to be accepted by and become part of mainstream finance. Crypto exchanges and companies are poaching attorneys left and right, from both law firms and other crypto […]

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Law school grads found more jobs waiting in 2021 after decline

By Karen Sloan for Reuters Employment rates for the law class of 2021 rebounded from the pandemic-induced slump that hit the previous class, ending up stronger than they were two years ago. Nearly 76% of last year’s new juris doctors found jobs that require bar passage within 10 months of leaving campus — up from […]

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Why Hundreds of New York City Prosecutors Are Leaving Their Jobs

By Jonah E. Bromwich for The New York Times New York City’s prosecutors are leaving in droves, citing pandemic burnout, low salaries and two intersecting laws that fundamentally changed the nature of their jobs. “They just simply can’t do it anymore,” Darcel Clark, the Bronx district attorney, said in a Friday interview. “The money is […]

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Latest Compliance Hires Reflect Surging ESG Pressures

By Al Barbarino for Law360.com A string of recent compliance-related hires shows the continued influence that environmental, social and governance issues are having on companies as clients, shareholders and regulators demand more information about their ESG efforts. Crypto-focused asset manager Hashdex flagged its focus on ESG matters in an announcement last week about its hiring […]

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Remote work is changing how climbing the career ladder works.

The New York Times, Daily Business Briefing, March 4, 2022 Remote work is often favored by established employees who know their manager, are comfortable in their role and want to balance work with family responsibilities or other personal obligations. For those just starting their careers, working in isolation can make fitting into an organization — and eventually […]

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‘I Realized I Did Have Skills’: Employers Start to Draw Back Mothers Who’d Quit

By Jessica Mach for Law.com Even though companies are desperate for legal talent, many are overlooking a potent strategy: reaching out to the large pool of female lawyers who left the industry to take care of children or family members, some attorneys say. Many of these lawyers want to go back to work but fear their resume […]

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Dallas Supplanting Austin as the Hot Texas Market to Start 2022

By Brenda Sapino Jeffreys for Law.com New office openings concentrated in Austin last year, but so far this year, Dallas is the dominant location of choice for out-of-state firms cracking the Texas market. Since the beginning of the year, five firms based outside Texas have announced new offices in Dallas, a development that indicates interest […]

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Lateral Hires Mushroomed In 2021, More Expected In 2022

By Kevin Penton, for Law360.com Lateral hiring at top U.S. law firms in 2021 rose 83% compared with 2020 and 27.5% compared with 2019, as firms struggled to keep up with work as the legal system restarted following pandemic-related shutdowns, according to a report released Thursday. Litigation led the way among the roughly 14,140 lateral […]

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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 […]