Monday BigLaw Merry-Go-Round (Feb 19, 2024)
Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.
"Pre-Hire Personality Tests Set Legal Challenges for Employers," Bloomberg Law
"Law firms' profits rebounded in late 2023 amid robust rate growth," Reuters
"Aggressive Rate Hikes, Head Count Management Helped Am Law 50 Squeeze Profits From Sluggish Demand in Q4," The American Lawyer
"Hours Down. Revenues Up. What Gives?" The AmLaw Litigation Daily
"Law Firms Witnessed a 'Return to Profit Growth' in 2023," The American Lawyer
"Law Firms Prioritized Nonequity Partner Growth In 2023," Law360
"Lofty-Sounding 'Chief Legal Officer' Title Becomes Bargaining Chip in Talent Hunt," Corporate Counsel
"Latest Big Law Layoffs Illustrate Inconsistency in Market as Some 'Still Haven't Seen That Bounce Back'," The American Lawyer
"Have Transactional Demand Levels Slowed Lateral Partner Hiring?" The American Lawyer
"Chasing Higher Performance, Top Firms Are Refreshing Comp Systems to Court Laterals," The American Lawyer
"White Box vs. Black Box Compensation Systems," Law.com
"As Associate Pay Raises Divide the Market, Several Law Firms Match, Others Hold Off," The National Law Journal
"Fenwick & West Laying Off Nearly 10% of Attorneys, Staff," Bloomberg Law
"Fenwick Layoffs Show Pressure on Firms Tied to Silicon Valley," Bloomberg Law
"Impressive Gains at Quinn Emanuel, Hogan Lovells, Milbank Suggest a Healthy 2023 for Am Law 100," The American Lawyer
"An Early Look: The 2024 Am Law 200 Financials," The American Lawyer
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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