Tags » Business Of Law

The First Amendment is Alive and Well in Florida Despite State Bar Association's Efforts

For anyone who follows the saga of the State Bar of Florida v. the First Amendment of the United States, I am happy to announce that the First Amendment has won yet again. 500 more words

Business Of Law

Davis Polk ups bonus ante for midlevel associates by $10K as more firms follow Simpson's lead

By: Martha Neil

In another sign of an improved economy for BigLaw firms, an unlikely market leader has upped the ante for end-of-year bonuses paid to associate attorneys.Although the starting and end points of the latest bonus schedule matches the $15,000 to $100,000 Simpson Thacher & Bartlett benchmark, Davis Polk & Wardwell is adding another $10,000 to the sum midlevel associates will get, Above the Lawreports. 133 more words


You had me at "the billable hour is directly opposed to the best interest of the client ..."

Mark this day down on your calendars, kids. We will one day look back on November 18, 2014, as the first day in the long anticipated end to the dreaded billable hour. 1,092 more words

Business Of Law

Can a law firm exist without clients? 49% of new partners surveyed think so.

I’m reading a new survey from ALM, New Partners Ambivalent About Rainmaking, Survey Finds, and am aghast at the naïveté of the respondents. Apparently, 49% of new partners surveyed don’t think that their ability to make rain is a deciding factor in their being promoted to partner (equity or non-equity). 459 more words

Business Of Law

Has the BigLaw recovery arrived? Revenue per lawyer is at a low point, when adjusted for inflation

By: Debra Cassens Weiss

At first glance, financial statistics on the nation’s largest law firms show record-breaking gross revenue, profits and revenue per lawyer.

But the raw numbers can be deceiving, the American Lawyer (sub. 336 more words