Monday BigLaw Merry-Go-Round (Apr 17, 2023)
Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.
"In Talent Tug-of-War, Law Firms Make Surgical Cuts and Future Investments," The American Lawyer
"Large Law Firm M&A Returned With A Bang In First Quarter," Law360
"Big law firms quicker to merge in 2023 so far, report shows," Reuters
"As Big Law Merger Momentum Continues, Armstrong Teasdale Combines With Chicago Boutique," Law.com
"Kirkland & Ellis Lays Off Associates Across US Offices," Bloomberg Law
"Kirkland's Latest Cuts Targeted Even Busy Associates," The American Lawyer
"Kirkland Scores Another Record Financial Year, Conducts 'Not Layoffs' Anyway," Above the Law
"Silicon Valley's Gunderson Lays Off Attorneys Across Offices," Bloomberg Law
"Biglaw Firm Lays Off 10% Of Its Workforce, May Defer Incoming Associates," Above the Law
"Law firm layoffs spread as cooling economy keeps clients wary," Reuters
"The Law Firm Mid-Market Is a Thing," The American Lawyer
"Paralegals Flocking to Legal Ops, But They're Often Shortchanged on Pay," Law.com
"Big Law Layoffs are Resulting in Problematic Severance Agreements for Job-Hunting Lawyers," The American Lawyer
"First-Year Associates Caught in the Crosshairs of Big Law's Latest Layoffs," The Recorder
"Leadership Training for Lawyers Is Time Well Spent," The Legal Intelligencer
"A.I. Is Coming for Lawyers, Again," The New York Times
"Cooley Delays Start Date for Next Crop of First-Year Associates," Bloomberg Law
"Cooley Deferred Its Incoming Class. Will Others Jump on the Bandwagon or Hold the Line?," The American Lawyer
"The Economic Lever That Brings Nonequity Partners Down," Law360
"Am Law 100 Firms Reconsider the 'Givens' in Their Expense Budgets," The American Lawyer
"Elite Biglaw Firm Goes Out Of Its Way To Reassure First-Year Associates Their Jobs Are Safe," 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