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- The Profit Per Lawyer Olympics Sees Three New Firms Medal in 2024’s Money MarathonIn a year when lawyers in swanky glass towers were booking profits faster than partners could update their Patek Philippe collections, three new firms have crashed the Am Law 100’s exclusive “Super Rich” party. Dechert, Cadwalader Wickersham & Taft, and Jenner & Block have all secured VIP access to the club where profits per lawyer hit at least $550,000 and revenue per lawyer tops $1.1 million.
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- Former Skadden Lawyers Express “Deep Outrage” Over Trump RepresentationWhat Did The Skadden Letter Say? In a strongly worded letter delivered to Executive Partner… Read more: Former Skadden Lawyers Express “Deep Outrage” Over Trump Representation
- Who Are The Leading Lawyers Who Helped Pushback On The Trump Executive Orders?The opposition mounted by over 500 law firms against Donald Trump’s executive orders targeting law firms was a remarkable show of unity in a profession facing intense criticism for its compliance and genuflection before the President. The collective action, which culminated in the submission of an amicus brief supporting Perkins Coie’s lawsuit, was orchestrated by Munger Tolles & Olson, with former Solicitor General Donald Verrilli, Jr., leading the charge as counsel for the amici.
- The Great Law Firm Rebellion Sees Young Associates Stage Unprecedented Exodus Over Trump DealsIn the marble-lined corridors of legal power, a rebellion is brewing over the ‘Trump deals’ being made by biglaw firms targeted by the administration in recent weeks. Associates at two of America’s most prestigious law firms are doing what many might have thought to have been the unthinkable—resigning from coveted positions that pay north of $220,000 annually to protest their firms’ Faustian bargains with President Trump, marking perhaps the most significant crisis of conscience Big Law has faced in a generation.
- Lawyers may soon charge $10,000 an hour thanks to AI, says LexisNexis CEOLexisNexis CEO Sean Fitzpatrick recently made a jaw-dropping prediction that lawyers leveraging AI could charge up to $10,000 per hour within the decade. He says 39 percent of private practice lawyers now expect to adjust their billing practices due to AI, up from only 18 percent in January 2024. The tension between skyrocketing rates and fundamental business model changes creates the perfect storm for the legal industry with the onset of AI tools.
- What Trump’s Anti-DEI Order Means for European Companies (And Why Every Lawyer Should Be Paying Attention)Nearly 70 percent of European companies with U.S. government contracts are now caught in a cross-border compliance nightmare that could fundamentally reshape corporate diversity policies worldwide. The Trump administration has begun demanding European companies comply with the President’s executive order banning diversity, equity and inclusion (DEI) programs, which follows his moves against major law firms in the US on the DEI issue.
- 700+ Attorneys Unite Against Trump’s Law Firm CrackdownThe Trump Crackdown on Law Firms Meets Resistance Ben Thomson, Legal contributing editor US lawyers… Read more: 700+ Attorneys Unite Against Trump’s Law Firm Crackdown
