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What Firms Can Learn From the Great Recession as They Confront the Next Crisis
With the Great Recession in the rearview mirror, history offers some important lessons to the law firms in the Second Hundred as they attempt to navigate through a coronavirus-fueled recession.
For the First Time in Years, the Second Hundred Matched the Top Tier's Growth
The Am Law Second Hundred in 2019 kept pace with the Am Law 100 in nearly every key metric, buoyed by significant growth among those in the bottom half of the list. Will they be able to do it again in a year defined by uncertainty?
The Am Law 100 Found Success in 2019. Will It Be Enough in 2020?
After a 5% increase in gross revenue and 3% growth in revenue per lawyer, the Am Law 100 were in a good place at the start of 2020. Then a global pandemic started. Now what?
What To Do About the First-Year Class of 2020?
Hugh A. Simons argues that the incoming first-year associate class for the fall of 2020 should be deferred. He offers historical perspectives from the Great Recession and guidance on when and how to implement these decisions.
More Am Law 200 Firms Cut Costs to Ride Out Economic Downturn
Clark Hill, Loeb & Loeb and other Am Law 200 firms have looked to cut costs by canceling summer associate programs, instituting furloughs or cutting pay.
Baker Donelson Cuts Pay Firmwide, Furloughs Employees
The 700-lawyer, super-regional firm is temporarily cutting pay by 20% firmwide and the furlough will affect less than 4% of Baker Donelson's workforce, according to a firm spokesperson.
'Strong, Big-Name Firms' Are Looking at Imminent Cuts to Partner Draws, Consultant Says
To deal with economic uncertainty, industry adviser Kent Zimmermann said Am Law 100 firms are seriously considering numerous meaningful cost-cutting options.
Davis Wright: Deceased Staffer Who Had Flu-Like Symptoms Tests Negative for COVID-19
Legal assistant Lisa Carney left the office March 10 with flu-like symptoms and was found dead in her home March 12.
Baker Donelson Partner, 45, in Critical Care With COVID-19 in New Orleans
Mark Frilot, a litigator serving clients in the construction industry, was reportedly in good health before contracting the coronavirus.TRENDING STORIES
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