Practice Finance

DLA Piper lawyers in the UK are targeted in email scam

Scammers posed as DLA Piper lawyers in the United Kingdom to trick an entity into making a payment to a fraudulent bank account. The Solicitors Regulation Authority said in a recent press release that the scammers sent emails purporting to be from Alan Cunningham, a partner who leads the law…

Jun 4, 2019 7:30 AM CDT

Median pay for new associates jumps nearly 15%, NALP survey says

The median salary for first-year associates was $155,000 at the beginning of the year, a jump of $20,000 from 2017, according to figures released Wednesday by the National Association for Law Placement. That’s an increase of 14.8% from 2017, the last time NALP collected the data. Law firms with more…

May 23, 2019 7:00 AM CDT

Groping, extortion, litigation-funder fraud among claims in dueling suits by law firm, ex-partner

Updated: A court fight between Pierce Bainbridge Beck Price & Hecht and one of its former partners is airing allegations of financial misconduct, sexual assault, masturbation, retaliation and a $65 million extortion attempt. The dispute first received attention last Wednesday, when fired partner Donald Lewis sued Pierce Bainbridge in Manhattan…

May 21, 2019 7:00 AM CDT

Associate pay raises push law firm expenses higher; demand softens while rates rise

Law firms are facing rising expenses that are partly fueled by associate pay raises, according to two reports on the economic outlook for law firms in the first quarter of 2019. Expenses are rising amid a period of stalling demand and productivity, the American Lawyer reports. On the bright side,…

May 16, 2019 3:28 PM CDT

BigLaw firm settles suit accusing it of ‘billing feeding frenzy’

Morrison & Foerster has reached a confidential settlement in a lawsuit accusing the law firm of “egregious overbilling” and a “billing feeding frenzy” after it was hired to help wind down several companies. The deal was reached in mediation, the Texas Lawyer reports. One of the plaintiffs in the case…

May 14, 2019 10:44 AM CDT

Percentage of equity partners continues to shrink while BigLaw profits increase

The percentage of equity partners in the nation’s top 100 law firms continued to decline last year, even as average revenue per lawyer increased. The percentage of equity partners was 56% of total partners in 2018, down from 78% in 2000, Law.com reports. The percentage “has been steadily contracting for…

May 7, 2019 6:30 AM CDT

DLA Piper lawyers in the UK are targeted in email scam

Median pay for new associates jumps nearly 15%, NALP survey says

Groping, extortion, litigation-funder fraud among claims in dueling suits by law firm, ex-partner

Associate pay raises push law firm expenses higher; demand softens while rates rise

BigLaw firm settles suit accusing it of ‘billing feeding frenzy’

Percentage of equity partners continues to shrink while BigLaw profits increase

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