Monday BigLaw Merry-Go-Round (Dec 12, 2022)
Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.
"'A Huge Shift': Job-Hunting Attorneys Turn to Stable Companies, Cash Over Stock Options," Law.com
"Increasing Write-Offs in Client Bills Should Sound 'Loud Alarm Bells' For Firm Profits," The American Lawyer
"Law firms plan big billing rate increases, even as discounts and write-offs proliferate," ABA Journal
"Southeast Emerges as Top Legal Market for Expansion," The American Lawyer
"'For Exceptional Contributions': A Select Pool of Associates Will Receive Extra Cash", The American Lawyer
"Big Law's Flat Bonuses Tell Associates the Boom Year Is Over," Bloomberg Law
"Paul Weiss, Debevoise, Davis Polk, Paul Hastings and Cleary Match Bonuses," The American Lawyer
"2023 Citi Hildebrandt Client Advisory finds Law Firm Industry Results Suppressed by Macro Environment," Business Wire
"Biggest U.S. law firms hit hardest by declining demand, report says," Reuters
"As Demand Lags, Talent Growth Still On Firm Leaders' Minds," Law360
"Where Do Law Firms Go From Here? Key Trends to Watch in 2023," The American Lawyer
"Big Law Is Driving Blind Into Familiar, Low-Growth Territory," Bloomberg Law
"Law Firms and Clients Will Lean on Negotiated Discounts and AFAs in 2023," The American Lawyer
"Growth in demand for law firm work hit highs in 2021, report says," Reuters
"Laid-Off Lawyers Face Hard-Hit Job Market but Opportunities Remain," The American Lawyer
"What's Next for Cooley's Laid-Off Attorneys and Staff?," The American Lawyer
Breaking into BigLaw? Or ready to move on?
Whether you’re staying in a firm or exploring other options, get actionable tools today.