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DLA Piper

Zero Hours Billed? No Problem for These First-Year Associates

By Roy Strom |

Some of the country's largest law firms allow associates to focus exclusively on pro bono work for more than a year, but there is a debate as to whether those lawyers come out behind their counterparts when they begin billing for work again.

Demand Is Down. Why Are Billing Rates On the Rise?

By Julie Triedman |

Contradicting the ordinary rules of supply and demand, law firms have continued to jack up hourly fees faster than demand and a projected 1.7 percent annual inflation rate would suggest.

Softer Demand, Rising Salaries May Lead to Layoffs, Analyst Warns

By Julie Triedman |

A Wells Fargo Private Bank survey on the first half of 2016 reveals softening demand and increasing costs, which one analyst said is causing law firm leaders to contemplate layoffs.

Illustration by Michael Witte

Baby Boomers Are Retiring and Law Firms Aren't Ready

Retiring boomer lawyers are on to new adventures. But their exit from the Am Law 200 poses serious risks for firms that haven't planned ahead.

Illustration by John Corbitt

Ranking: Top Firms for Midlevel Associate Satisfaction

To find out how third-, fourth- and fifth-year asso
ciates rate their firms as workplaces, our survey examined several aspects of job satisfaction.

Travel Survival Tips From Global Law Firm Leaders

By Julie Triedman |

When you spend half your time in the air, the planning you do on the ground makes all the difference.

The National Report

To find out how third-, fourth- and fifth-year asso
ciates rate their firms as workplaces, our survey examined several aspects of job satisfaction.

Retiring Boomers Pose Big Challenges for Firms

By Julie Triedman |

Poor succession planning can lead to the loss of substantial client relationships, among other problems, experts say.

Jennifer Chen, left, and John Fuisz, right, of Vinson & Elkins in Washington, D.C.

Ex-McDermott Lawyer Who Tangled With Theranos Joins Vinson

By Katelyn Polantz |

IP lawyer John Fuisz, who went head-to-head with Theranos Inc. over trade secrets while at McDermott Will & Emery, has returned to Big Law after Vinson & Elkins absorbed his two-lawyer boutique.

Thinkstock

Top 10 Money Mistakes Boomer Lawyers Make

By MP McQueen |

Plus, advice for attorneys of all ages to grow your nest egg.

Sidley Austin offices in Washington, D.C. June 25, 2014.

Scammers Choose Sidley in Latest Law Firm Phishing Scheme

By Nell Gluckman |

Sidley Austin is the latest big legal name to be invoked by scammers posing as a major law firm.

Illustration by John Corbitt

Survey: Midlevel Associates Are Happier Than Ever

By MP McQueen |

Paul Hastings ranks No. 1 for job satisfaction, our midlevel associates survey shows. But associates almost everywhere say they're delighted to be working for you.

Baker & McKenzie offices in New York.

Baker & McKenzie Posts Big Gains in Revenue, Profits

By Anna Ward, Legal Week |

Despite uncertainty in key international markets, the firm saw an 8 percent revenue rise in 2015-16, as profits per equity partner surged 13 percent.

The American Lawyer's Lifetime Achiever Honorees

We are happy to recognize six Lifetime Achievement Award winners­­—men and women who have had extraordinary careers at some of the country's most prominent law firms and other legal institutions, and whose public service contributions have had far-reaching impact. We also recognize this year's Law Firm Distinguished Leader, honored for exemplary stewardship of his firm.

The Churn

HayBoo Bags Bankruptcy Veteran, Plus More Lateral Moves

By Brian Baxter |

Amid a surge of oil and gas bankruptcies, Haynes and Boone hires a top restructuring partner; Clark Hill bolts on a small shop; Fox Rothschild’s expansion spree continues; King & Spalding lands a serial lateral; a Shearman & Sterling M&A partner joins a client in-house; and other notable additions from throughout The Am Law 200.

Eduardo Leite

After Banner Year, Outgoing Baker & McKenzie Chair Reflects on Tenure

By Julie Triedman |

In his six years at the helm, Eduardo Leite has presided over the firm’s fastest growth in its 67-year history

Britain and EU flags

Political Uncertainty Stalls Hunton & Williams' UK Tie-Up Talks

By James Booth |

Merger talks between Hunton & Williams and British firm Addleshaw Goddard have slowed following the U.K.'s June vote to leave the European Union.

The Local Picture

This is a look at results from offices in 18 top markets.

Lewis Rice Takes Rare Step in Forming Second Firm

By Jennifer Henderson |

St. Louis-based Lewis Rice has formed a second law firm that will operate as a wholly owned subsidiary handling only estates work.

Playboy Mansion. Google Image

Pair of LA Firms Close $100M Playboy Mansion Sale

By Jennifer Henderson |

Cox, Castle & Nicholson and Eisner Jaffe, two leading firms in Los Angeles, scored lead roles on the proposed sale of the iconic Playboy Mansion in the city’s Holmby Hills neighborhood to billionaire and former Pabst Blue Ribbon owner Daren Metropoulos.

Pfizer World Headquarters in New York City.

Four Firms Guide Pfizer's Latest Big Drug Buy

By Jennifer Henderson |

Wachtell, Ropes & Gray, Davis Polk and Cooley are advising on a $14 billion deal that will see pharmaceutical giant Pfizer Inc. acquire cancer drug maker Medivation Inc.

Tucker Ellis Takes St. Louis With Wilson Elser Crew

By Jennifer Henderson |

Cleveland-based Tucker Ellis, a firm formed from the ashes of a busted Am Law 200 shop, has announced the opening of its second new Midwestern outpost this year.

Signage and a satellite dish grace the Univision Communications, Inc., facility in Los Angeles (AP Photo/Reed Saxon).

Deal Watch: Univision Wins Gawker Auction Amid M&A Moves

By Jennifer Henderson |

It wasn't the biggest deal of the week, but Univision's winning bid for Gawker is the only one that started with a sex tape.

Anthony Romano.

Littler Picks Up Polsinelli Vice Chair in Kansas City

By Jennifer Henderson |

Anthony Romano, a longtime partner at Polsinelli and vice chair of the firm’s labor and employment group, has left its office in Kansas City, Missouri, for Littler Mendelson. The latter publicly incurred Polsinelli's wrath last year after opening an office in the city.

Stephen Susman, partner at Susman Godfrey (Photo by C2 Photography).

Lifetime Achiever: Stephen Susman, Susman Godfrey

By Mary Ellen Egan |

Stephen Susman pioneered the use of contingency fees in big commercial litigation.

Struggling Australian Firm Expects More Financial Losses

By Alex Berry |

Slater & Gordon, the world’s first publicly traded law firm, has announced that it expects losses of more than $760 million (A$1 billion) for its 2015-16 fiscal year.

Pensions Pose an Increasing Threat for Some Firms

By Julie Triedman |

Payouts of retirement obligations are on the rise. Some firms are moving to limit liability.

Scott Kadish.

Feel the Berne: Century-Old Ulmer Ushers in Fourth Leader

By Jennifer Henderson |

Cleveland-based Ulmer & Berne, founded in 1908, has announced that Scott Kadish will become its new managing partner on Oct. 1. Kadish takes the reins from Harold "Kip" Reader, who led the firm for the past 21 years.

Colombo, Sri Lanka.

Sri Lanka Seeks to Grow Economy—With Help From Baker & McKenzie

By Nell Gluckman |

The global legal giant is advising the island nation on tax and financial laws in other jurisdictions.

Illustration by Michael Witte

Eight Ways to Win at Succession Planning

By Katelyn Polantz |

Law firm leaders share their tips on how to hand over the reins to the next generation.