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06 Dec
Global law firms scale back hiring as slowdown begins
Category: All, Law firms’ trends
Profits at many of the largest international law firms are shrinking rapidly because of an increase in costs and a decline in the number of mergers and acquisitions and public offe...
01 Dec
Big Law hiring spree reverses as demand for work drops
Category: All, Law firms’ trends
Two months ago, Big Law associates were hot commodities—they had the luxury of choosing between major firms who offered to let them work and live wherever they like while receiving...
24 Nov
External pressures are biggest threats to law firm profitability
Category: All, Industry analysis
According to the Law Firm Business Leaders Report from Thomson Reuters, security concerns and economic pressures have displaced competition for talent as the biggest threats t...
17 Nov
ESG increases demand on legal departments and law firms
Category: All, Law firms’ trends
According to the findings of the 2022 Wolters Kluwer Future Ready Lawyer Survey, legal professionals are being challenged by the unprecedented growth of Environmental, Social and G...
10 Nov
Small law firms expect future growth, despite an uneasy economic picture
Category: All, Law firms’ trends
According to the 2022 Report on the State of US Small Law Firms from the Thomson Reuters Institute, leaders of small law firms in the United States generally feel that their firms ...
03 Nov
U.S. law firms shuffle top privacy lawyers in Europe
Category: All, Law firms’ trends
Law firms have been aggressively hiring privacy and cybersecurity lawyers as companies grapple with a lack of clarity around EU-UK data transfer post-Brexit and EU-US data transfer...
27 Oct
UK’s ‘magic circle’ law firms struggle to grow in US amid sinking pound
Category: All, Law firms’ trends
Britain’s largest international law firms are struggling to attract and retain staff in the US after the crash in the value of sterling compounded their lack of competitiveness in ...
20 Oct
U.S. LAW FIRM PARTNER PAY HITS NEW HIGHS
Category: All, Law firms’ trends
According to a report released by legal recruiting firm Major, Lindsey & Africa (MLA), average annual pay for U.S. law firm partners reached $1.12 million in 2021, as heightene...
13 Oct
U.S. business activity remains subdued in September 2022
Category: All, Industry analysis
U.S. business activity contracted for a third straight month in September, though the pace of decline slowed while improving global supply chains eased inflation pressures for comp...
05 Oct
As M&A deals wane, law firms compete for shares of shrinking pie
Category: All, Law firms’ trends
The cooling of the global mergers and acquisitions market continued in the third quarter of this year, with an accompanying slowdown in the M&A advisory work that helps power m...