Monday BigLaw Merry-Go-Round (Dec 12, 2022)
Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.
"'A Huge Shift': Job-Hunting Attorneys Turn to Stable Companies, Cash Over Stock Options," Law.com
"Increasing Write-Offs in Client Bills Should Sound 'Loud Alarm Bells' For Firm Profits," The American Lawyer
"Law firms plan big billing rate increases, even as discounts and write-offs proliferate," ABA Journal
"Southeast Emerges as Top Legal Market for Expansion," The American Lawyer
"'For Exceptional Contributions': A Select Pool of Associates Will Receive Extra Cash", The American Lawyer
"Big Law's Flat Bonuses Tell Associates the Boom Year Is Over," Bloomberg Law
"Paul Weiss, Debevoise, Davis Polk, Paul Hastings and Cleary Match Bonuses," The American Lawyer
"2023 Citi Hildebrandt Client Advisory finds Law Firm Industry Results Suppressed by Macro Environment," Business Wire
"Biggest U.S. law firms hit hardest by declining demand, report says," Reuters
"As Demand Lags, Talent Growth Still On Firm Leaders' Minds," Law360
"Where Do Law Firms Go From Here? Key Trends to Watch in 2023," The American Lawyer
"Big Law Is Driving Blind Into Familiar, Low-Growth Territory," Bloomberg Law
"Law Firms and Clients Will Lean on Negotiated Discounts and AFAs in 2023," The American Lawyer
"Growth in demand for law firm work hit highs in 2021, report says," Reuters
"Laid-Off Lawyers Face Hard-Hit Job Market but Opportunities Remain," The American Lawyer
"What's Next for Cooley's Laid-Off Attorneys and Staff?," The American Lawyer
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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.”
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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.
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