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‘Drastically Different’ Associate Strategies in Big Law and Midsize Firms May Continue in 2024
In the larger sense, attorney growth across the legal field all looked the same in 2023 as it did the year prior, with law firms increasing full-time equivalent lawyers by an average of about 3.3% each year.
Big Law Recruiting Firms Merge, Aiming to Form ‘One-Stop Shop for the Am Law 20’
Big Law recruiters Johnson Downie and Lippman Jungers have merged. These search firms jointly announced in early March, combining recruiting networks in New York, California and Texas for a 20-recruiter national outfit that seeks to become the Am Law 20’s top headhunter.
‘Sign of Overall Health’: The Am Law 100 Metric That Deserves More Attention
As far as acronyms go, “PPL” doesn’t have the same recognition as some others in the law firm financial vernacular. And as a barometer of firm performance, profits per lawyer—a firm’s net income divided by its attorney headcount in full-time-equivalents–also doesn’t get the most attention. But should that change?
At 18%, Law Firm Associate Attrition Rate Continues 2-Year Decline
Associate attrition rates and hiring levels at law firms fell for the second year in a row in 2023, according to a recent report by the NALP Foundation.
The 2024 NLJ 500: Headcount Growth Returns to Pre-Pandemic Levels
Attorney headcounts at the 500 largest law firms in the United States continued to grow in 2023, though growth rates subsided to pre-pandemic levels after accelerating in 2022.
Where (and Why) Law Firm Lateral Partner Activity Is Surging
The largest firms in the biggest cities have been “picking their heads up” again on the lateral market, and they are seeing opportunities in corporate, finance, white-collar and investment management and funds work.
Law Firms Could Post ‘One of the Strongest Years We See’
Law firms are on track to post “one of the strongest years we see” in 2024, according to a report this week, after notching demand and productivity growth as well as double-digit revenue growth during the first six months of the year.
The Power of the Concrete: Tips for Effective Public Speaking
Michael P. Maslanka, associate professor of law at UNT Dallas College of Law, advises that “everyone is an inherently effective public speaker given the right tools” and believes that a person can “embrace the authentic version of yourself, and step up to the podium.”