The amount of new London leases taken up
by the largest law firms in the capital fell by more than 50 % last year, as factors such as flexible working, new technology and the Brexit vote push law firms to rethink their real estate footprint.
This story, NY BigLaw Leader Scores $ 1 Million Fee in Pro Bono Case, raises some interesting questions about how to assess attorney fees under a reimbursable fee statute, when the plaintiffs are represented pro
bono by a large law firm.
In this week's news, there are stories on (1) Scooter Libby's sentencing, (2) Colin Powell's comments on shutting down Guantanamo and (3) the Supreme Court's consideration of a petition on whether representation in post-conviction appeals is constitutionally required — all involve pro bono
service by large law firms or prominent academics, and together they raise questions about the appropriate allocation of pro bono resources.
The results of the 2012 Am Law Tech Survey, which compiled the responses of 83 Am Law 200 CIOs and technology chiefs regarding their law firms» use of technology over the past year, were similar: the use of cloud
computing by large law firms is increasing, albeit at a slower rate than that of solos of small firms.
Taken to its logical extreme, these challenges present a huge threat to the whole of the leverage model
employed by the larger law firms because fewer staff lawyers are needed and the opportunity to make profit via people leverage becomes more limited.
Responding to the unhappy news elicited by this year's American Lawyer, owned by ALM, survey of midlevel associates, blogger Bruce MacEwen of Adam Smith, Esq., emphasizes the challenge
faced by large law firms on both sides of the pond, as he likes to say, and Carolyn Elefant offers a solo perspective on salary and compensation:
at the ABA Journal; non-lawyer owned Novus Law is tripling revenue every year, doing work that would have previously been
done by large law firms.
When faced with the difficulties that come with an unexpected injury due to the negligence of someone else, you need personalized advice as opposed to being shuffled
about by a large law firm.
As reported in this article from the Boston Globe (1/16/07), 100 law school deans have signed a letter condemning Cully's suggestion that corporations should reconsider
representation by large law firms representing detainees.
In other words, the use of cloud computing
products by large law firms is becoming more commonplace, but we've got some ways to go before cloud computing becomes the norm in BigLaw.
As a complementary effort to our report on the use of the mobile compatible
websites by large law firms, the Law Firm Mobile (LFM) blog is pleased to announce the completion of its research on...
The balance of power between client and lawyer has shifted, according to an independent study commissioned by the Solicitors Regulation Authority (SRA), Independence, risk and representation: An Empirical Exploration of the Management of Client
Relationships by Large Law Firms.
«ABA Journal and New York Times Highlight Steps
Taken By Large Law Firms to Improve Attorney Retention Main More Fathers Seeking Satisfying Balance Between Family Life and Work»
And while accounting firms may not seek to take on the bespoke work that is typically
handled by large law firms, alternative providers of legal services can certainly be very effective in other areas of legal work.
At the upper echelons, a law student who excelled in their class, and so was scooped up
by a large law firm in a top market like New York City can expect to make more than $ 150,000 US Dollars (USD) in their first year as an associate.
This has the potential to automate many routine tasks carried out
by large law firms and in - house legal departments; contract review is a good example.