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July 6, 2021
NY Remains Top Market For Partner, Counsel Promotions
While remote work has leveled the playing field for many up-and-coming young attorneys based outside major hubs, New York remains a hotspot for BigLaw partner and counsel promotions, largely driven by a recent boom in corporate work. Paul Pearlman notes that a wave of newly minted New York partners is symptomatic of strong economic growth in the practice areas that are most prominent in the Big Apple, like finance, mergers and acquisitions, and capital markets transactions. In reality, most firms, particularly firms in New York, have thrived during the pandemic, and for a lot of firms, one of the main keys to their success is the strength of their New York office.
Read moreJuly 1, 2021
Law Firm Mergers Steady in First Half, But More to Come in 2021
Law firm mergers in the first half of 2021 were on par with last year, but there are signs of more activity to come over the next six months and into 2022, according to a new report. There have been a flurry of announcements of upcoming mergers, and several large law firms have announced potentially transformative deals that could reshape certain markets as competition becomes fiercer for talent and work. Kent Zimmermann observes that the benefits of scale are becoming clearer, like a higher profile and better performance on average for the larger, more profitable firms than the rest of the pack. And, in an exceptionally active talent market for both partners and associates, firms appreciate the benefit of having a larger profit pool to attract and retain the best talent.
Read moreAugust 16, 2021
As Law Firms Nationally Delay Office Returns, Vaccine Mandates Emerge in the Sunbelt
Some law firms are now hesitant to even impose a definite office return date, while more vaccine mandates are appearing among Sunbelt-based law firms. Mary K Young observes that these firms are national firms and global firms. They have to be thinking not only about their Southern offices but all their offices.
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