Monday BigLaw Merry-Go-Round (Feb 20, 2023)
Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.
"Big Law Is Gaining Ground in New Markets Inch-by-Inch This Year," The American Lawyer
"As Law Firms Push Aggressive Rate Increases, Clients Have Room to Negotiate," The American Lawyer
"Is the Talent War Over?," The American Lawyer
"This Law Firm Sued Its Former Associates for Missing Their Billable Hour Targets – And Won," Law.com
"Are U.K. Law Firms Also Going to Make Job Cuts?," The American Lawyer
"Law Firms Turn to Layoffs Amid Slowing Demand," Wall Street Journal
"Legal Ops Teams Targeted For Layoffs Amid Cost-Cutting Efforts," Law.com
"Procopio Lays Off 3% of Attorneys and Staff, Citing Continued Economic Headwinds,"The American Lawyer
"Productivity, Profitability Decline in 2022, While Expenses Outpace Revenue Growth,"The American Lawyer
"'We Knew It Would Get Worse Before It Got Better': Law Firm Profitability Index Hits New Low," The American Lawyer
"Law firms' demand slump deepened at the end of 2022. Is a rebound coming?," Reuters
"Market Uncertainties Didn't Slow Down Lateral Partner Moves in 2022. Will they in 2023?," The American Lawyer
"Law Firms Will 'Drill Down' on Taming Expenses in 2023," 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