The number of job losses in the legal services industry continued to decline in February, according to the latest report from the U.S. Bureau of Labor Statistics released Friday. The legal services sector shed 100 jobs last month, a decrease from the 1,100 jobs that were lost in January. During the past 12 months 37,100 [...]
Continue reading...Thursday, March 4, 2010
Good morning everyone! Anyone else ready for it to be Friday? Bad news, friends, it’s only Thursday, March 4. Here’s a look back at yesterday’s news… AIG’s former GC, Anastasia Kelly, has joined DLA Piper… A survey of Big Law shows 26% of firms are poised to expand… And another shows that corporation are looking to save money [...]
Continue reading...Monday, March 1, 2010
As a firm, Dickstein Shapiro shared the country’s economic woes in 2009 with revenues dropping by 4.78% and profits dipping 5.17%, but the partnership still managed to do ok. Per partner profits were up 6.76% to just over $1 million. The discrepancy is due to an 11% reduction in the number of equity partners firm [...]
Continue reading...Wednesday, February 24, 2010
2009 looks a lot like 2008 at Arent Fox where revenue fell slightly to $216.5 million from the previous year’s $222.5 million. Profits per partner came in at $800,000, the same as in 2008, and revenue per lawyer was $690,000, a slight drop from 2008. The firm finished the year with the same number of partners [...]
Continue reading...Wednesday, February 24, 2010
Jenner & Block reported gross revenue of $367 million in 2009, a 6 percent increase from the previous year. Profits per partner jumped 33 percent to $1.1 million and revenue per lawyer was up 8 percent to $855,000. Per partner profits showed a markedly stronger increase than revenues in part because the firm dropped down to 128 partners, [...]
Continue reading...Thursday, February 18, 2010
Good morning! Today is Thursday, February 18, and here’s a quick look back at yesterday’s headlines… Citizens are nearly united against the Citizens United ruling… Kilpatrick Stockton picked up a pair of partnersfrom Winston & Strawn… The DoJ issued indictments in two noteworthy cases… Another study shows fewer lawyers are making partner during the recession and recovery… Latham & Watkins [...]
Continue reading...Thursday, February 11, 2010
Morgan Lewis reported sharp drops in revenue and per partner profits for the 2009 fiscal year. Revenues fell by 5%, from $1.12 to $1.07 billion and per partner profits fell by 15%. Although 2007 was a rough year for most firms, the numbers for Morgan Lewis may look worse than they actually are. The firm ends [...]
Continue reading...Tuesday, February 9, 2010
The lateral market for 2010 is expected to be brisk and we’ve already seen some big moves in the first month and a half of the year. This is following a record high for lateral moves in 2009, although some of that can be attributed to mergers or failing firms. Big moves so far this year [...]
Continue reading...Monday, February 8, 2010
Good morning everyone! Today is Monday, February 8, and it’s time to look back at Friday’s news… Clyde & Co opened its third US office in New Jersey… January was another bad month for the legal sector, with another 1,100 jobs lost… Bernstein Liebhard abandoned its endeavor for Florida state pension work after admitting to inaccuracies in its [...]
Continue reading...Friday, January 29, 2010
Goodwin Procter’s gross revenues fell 4% in 2009 to $658 million and per partner profits dropped 3% to $1.27 million. Although discouraging, in a year marked by layoffs, deferrals and salary cuts it could have been much worse. The good news is that the firm is not taking it out on its associates, [...]
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Friday, March 5, 2010
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