Large Firm

We worked harder than today’s young lawyers, nearly half of surveyed partners say

Partners have a less-than-rosy view of associates’ work habits and dedication to work, according to a study of generational dynamics at law firms released on Thursday.

Apr 2, 2020 4:40 PM CDT

BigLaw pay cuts and layoffs are likely to multiply, experts say; which firms are doing it?

Large and midsize law firms responded to economic pressures caused by the COVID-19 pandemic this week with pay cuts, layoffs and lower partner payouts. And it’s not over yet, observers say.

Apr 2, 2020 12:08 PM CDT

Afternoon Briefs: Athletes aim for law school; lawsuits target Zoom over Facebook sharing

Pro basketball players shoot for law school Imani McGee-Stafford, a center with the Dallas Wings, is leaving the basketball court and headed to the Southwestern Law School in Los Angeles. McGee-Stafford, who is 25, also played for the Chicago Sky and the Atlanta Dream. Meanwhile Garrett Temple, a guard with…

Apr 1, 2020 4:55 PM CDT

Baker Donelson temporarily cuts pay, furloughs some employees because of COVID-19

Baker Donelson is imposing temporary pay cuts, reducing partner draws, and furloughing some employees because of the financial impact of the COVID-19 epidemic.

Apr 1, 2020 10:27 AM CDT

Corporate lawyers can help clients change the world—and bill for it—with this growing practice area

Lawyers who practice in the social enterprise and investment impact space say their structures vary depending on the deal, but all agree: This is not pro bono legal work. “It’s no longer about making money or doing good, it’s about making money and doing good,” says Scott M. Curran, founder of Beyond Advisers, a Chicago-based social impact consulting firm.

Apr 1, 2020 3:40 AM CDT

Cadwalader cuts pay, pauses partner distributions because of coronavirus financial impact

The law firm Cadwalader, Wickersham & Taft is imposing temporary pay cuts and pausing partner distributions because of the financial effects of the novel coronavirus crisis.

Mar 31, 2020 4:06 PM CDT

Pay cuts, layoffs, lower partner distributions part of BigLaw response to COVID-19 impact

The economic impact of the novel coronavirus pandemic is hitting BigLaw. “Businesses around the world are bracing for the short-term and potential long-term economic impacts of COVID-19,” said one firm.

Mar 30, 2020 4:56 PM CDT

Afternoon Briefs: GCs are overloaded with coronavirus webinars; former judge dies at 88

General counsels are overloaded with COVID-19 emails and webinar invites Corporate clients are inundated with emails and webinar invitations from law firms offering information on the novel coronavirus, according to Caitlin “Cat” Moon, director of innovation design for the program on law and innovation at Vanderbilt Law School. Moon says…

Mar 26, 2020 4:36 PM CDT

Chief innovation officer talks firm’s changing culture amid COVID-19 and best tips for working remotely

Ari Kaplan recently spoke with Patrick DiDomenico, the chief innovation officer for Jackson Lewis, a large national labor and employment-focused law firm with more than 60 offices throughout the United States. He is also the author of Knowledge Management for Lawyers, published by the American Bar Association in 2016.

Mar 24, 2020 11:59 AM CDT

On-campus interviews in January? Top law schools consider delays amid law firm pressure

Columbia Law School has decided to push back on-campus interviews for summer associates until January 2021 amid pressure from law firms, according to a published report. Several other law schools are also considering delays, according to the report by Law.com. Law firms interview students who have finished their first year…

Mar 24, 2020 10:41 AM CDT

NALP report shows historically high offer rate for summer associates; what’s to come?

Offer rates from summer associate programs reached a historic high of nearly 98% last year, according to a report by the National Association for Law Placement.

Mar 19, 2020 2:33 PM CDT

Afternoon Briefs: BigLaw sex bias suit may be resolved; US judiciary seeks $7M for COVID-19 impact

Secretary’s BigLaw sex bias suit apparently resolved A former legal secretary at Troutman Sanders who claimed she was sexually harassed by a partner at Troutman Sanders has apparently resolved her lawsuit. Plaintiff Jessica Correa agreed to dismiss the suit in a joint stipulation with Troutman Sanders and the partner. Correa…

Mar 18, 2020 4:06 PM CDT

More than 50 law firms require or allow work from home because of COVID-19 concerns

The number of law firms requiring or encouraging work at home is growing larger by the day.

Mar 18, 2020 12:34 PM CDT

BigLaw merger delayed because of COVID-19 challenges

Troutman Sanders and Pepper Hamilton have announced they will delay their merger until July 1 because of the “unprecedented challenges posed by COVID-19.”

Mar 18, 2020 10:33 AM CDT

Two more BigLaw employees diagnosed with COVID-19, including a partner in critical condition

Large law firms continue to grapple with the new coronavirus as employees are diagnosed with the illness. A partner with Baker, Donelson, Bearman, Caldwell & Berkowitz in Louisiana was hospitalized in critical condition with COVID-19, Law.com reports. The partner, 45-year-old Mark Frilot, was put in critical care after he was…

Mar 16, 2020 6:15 PM CDT