Monday BigLaw Merry-Go-Round (Apr 1, 2024)
Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.
"Female Attorney Pay Remains Skewed, and Law Firms Must Step Up," Bloomberg Law
"An Early Look: The 2024 Am Law 200 Financials," The American Lawyer
"New Reed Smith pay structure sorts associates into 'the A squad and the B squad,' blog says," ABA Journal
"Latham & Watkins Grows Bonus Pool With 15% of Profits, as Firms Seek Flexibility to Reward Top Earners," The American Lawyer
"Realization Rates Keep Falling in the Am Law 200. But Does That Matter?" The American Lawyer
"More Big Law Firms Are Crossing Financial Milestones. How Much Do They Care?" The American Lawyer
"Firms Put the Brakes on Lateral Hiring in 2023 — Falling 35% From 2022," NALP
"Lateral hiring at law firms hits lowest level since 2010, NALP report finds," Reuters
"Law Firm Hiring Plummets 35% Amid Layoffs, Slow Demand," Bloomberg Law
"For second year in a row, law firms pull back on lateral hiring of lawyers," ABA Journal
"Lateral Hiring Plummets As Post-COVID Talent Wars Cease," Law360
"Pittsburgh law firms see pandemic trend play out as lateral hires dropped 35% nationally," Pittsburgh Business Times
"Lateral Movement Has Slowed Across the Board, Especially in Florida," Daily Business Review
"The Law Firm Disrupted: Are Big Law's Remote Lawyers a Vanishing Species?" Law.com
"Biglaw Associate Hiring Plunges By 43%, Officially Ending The Lateral Party," Above the Law
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By Charlotte Weeks and Shauna C. Bryce, Esq.
About the Authors
Charlotte Weeks, a dual-certified career coach and résumé writer, is the President of Weeks Career Services, Inc. She specializes in helping executives find meaning in their work and advance in their careers.
Providing services of the highest quality, Charlotte begins by assessing each client’s needs and customizing individual solutions. These include writing effective career marketing documents as well as coaching on uncovering opportunities, preparing for interviews, and negotiating salary. She is also an international speaker and a past president of The National Résumé Writers’ Association.
Charlotte has served as a featured expert for media outlets including NBC, Time Magazine, and The Wall Street Journal. She is the author of “I Want to Work in an Association, Now What???: A Guide to Getting a Job in a Professional Association, Membership Organization, or Society”and featured author of “101 Ways to Enhance Your Career.”
For more information, visit: www.weekscareerservices.com
Shauna C. Bryceis a Harvard Law School-educated lawyer who was on the hiring committee of an Am Law 200 law firm. She’s an author of several books, a contributor on legal careers to Forbes, Bloomberg Law, the American Bar Association, Lexis/Nexis, and many more, as well as an affiliate member of NALP and a president emeritus of The National Résumé Writers’ Association.
As one of the country’s best known résumé writers and career coaches, Shauna’s also worked with some of the nation’s top attorneys, who’ve worked places like Google, Dreamworks, Major League Baseball, the U.S. Supreme Court, and the White House. She’s also helped those just starting their legal careers, including law students getting their résumés ready for on-campus interviews (OCIs), summer associate positions, law clerk positions, externships, internships, judicial clerkships, and first-year associate roles. She’s even coached Tier 4 law students to compete with students at Top 5 schools to land high paying jobs in Am Law 100 law firms.
For more information, visit www.brycelegal.com