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11 May
Generative AI Could Automate Almost Half of All Legal Tasks
Category: All, Law firms’ trends
As technology continues to advance, the potential for automation in the legal industry is becoming increasingly clear. According to a new estimate from Goldman Sachs, generative AI...
03 May
US and International Law Firms Expand in Munich Fueled by M&A and Private Equity
Category: All, Law firms’ trends
International and U.S. law firms are continuing to invest in Germany, with cross-border mergers and acquisitions (M&A), finance, and private equity hires driving legal market g...
27 Apr
How the Dealmaking Drought Impacted Partner Pay at Top US Law Firms in 2022
Category: All, Law firms’ trends
The pandemic, higher interest rates, and geopolitical tensions have led to a decrease in the profitability of major US law firms, as dealmaking has slowed. According to an article ...
20 Apr
AI Tools in the Legal Industry: Survey Reveals Growing Adoption and Potential Benefits
Category: All, Law firms’ trends
According to a recent survey by Thomson Reuters, the legal industry is on the cusp of a major technological shift. The survey found that 71% of law firms are already using artifici...
13 Apr
First monthly drop in six months seen in US legal jobs
Category: All, Law firms’ trends
According to new data from the U.S. Bureau of Labor Statistics, the legal services sector lost 600 jobs in March, which is the first monthly employment decline since September. The...
04 Apr
International law firms eye Indian market following rule change
Category: All, Law firms’ trends
According to the Financial Times (Apr-23), international law firms, including DLA Piper, Herbert Smith Freehills, and Baker McKenzie, are considering opening offices in India follo...
29 Mar
Lateral hirings is facing a slowdown
Category: All, Law firms’ trends
US law firms hired fewer lawyers in 2022 compared to the previous year, according to new data from the National Association for Law Placement (NALP). The decline was particularly n...
21 Mar
Foreign law firms can now set up offices in India
Category: All, Law firms’ trends
In a landmark decision, the Indian government has opened up the legal services sector to foreign law firms, allowing them to set up offices in the country. This move marks a signif...
14 Mar
The collapse of SVB has prompted technology sector lawyers to take action
Category: All, Law firms’ trends
The collapse of Silicon Valley Bank (SVB) has spurred legal teams into action. SVB was reportedly advised by US law firms Cooley, Holland & Knight, and Sullivan & Cromwell....
09 Mar
Law firms attempt to maintain bottom line with innovative strategies
Category: All, Law firms’ trends
As the legal industry adapts to the changing business landscape, law firms are attempting to hold the line on both layoffs and rates in 2023. Law firms have faced an increasing dem...