Monday BigLaw Merry-Go-Round (May 5, 2025)

Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.

• "How Much Longer Can Law Firms Keep Raising Rates by 10% a Year?" The American Lawyer

• "Law Firm Demand Growth in Q1 Fell Short of Expectations: Report," The American Lawyer

• "Large Law Firm Revenues Climb Despite Dip In Demand" Law360

• "Big Law Firm Revenue Grows on Higher Rates, Wells Fargo Says" Bloomberg Law

• "Billable hours at larger law firms 'did not quite live up to expectations' in first quarter" ABA Journal

• "More Than 700 Law Firm Partners Point to Chilling Effects After Trump EOs," The American Lawyer

• "More than 1,100 law students back Susman Godfrey in its lawsuit over Trump order," Reuters

• "Student Amicus Brief Signals Recruitment Troubles for Firms Making Deals With Trump," The American Lawyer

• "Associate Exits at Kirkland, Labor Complaint Against Skadden Among the Latest in Backlash to Trump Deals," The American Lawyer

• "Partner Promotion Numbers Dip to Pre-Pandemic Levels," Law.com International

• "Big Law is losing its young, ambitious talent to the startup world," Business Insider

• "Akerman Hires Veteran Legal Talent Pro as First Director of Connections," The American Lawyer

• "Number of Law Firm Associate Hires Jumped Substantially in 2024: Report," The American Lawyer

• "Law Firms Saw Both Associate Hiring, Attrition Rise In 2024," Law360

• "Attrition rate is 'markedly higher' for associates of color, NALP Foundation says," ABA Journal

• "Lawyers Hired in Work-From-Home Era Are Bolting From Firms," Bloomberg Law

• "Free Market Free-For-All? How the Decline of OCI Broadened Big Law's Recruitment Pool — and Added Anxiety," Law.com

• "Will Trump See 'Resistance' From Pro Bono Lawyers? Trump's Law Enforcement EO Fuels More Uncertainty," The National Law Journal

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