Monday BigLaw Merry-Go-Round (May 8, 2023)
Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.
"Where Are All the Financial Regs Lawyers? Big Law Has a Need for More," The American Lawyer
"Class Year Adjustments Underscore Lingering Skills Gap Among Associates," Law.com
"Georgia Judicial Salaries Seen as Unfair to All, Study Indicates," Daily Report
"ABA legal education section releases employment data for graduating law class of 2022," The American Bar Association.
"For 2022 law grads, bar-pass-required jobs increase, while JD-advantage positions decrease," ABA Journal
"ABA Employment Outcomes Show Modest — but Slower — Growth," Law.com
"New lawyer hiring was up in 2022. Will 2023 law grads be so lucky?," Reuters
"Employment Ticks Up For New Law School Grads, ABA Says," Law360
"Howard Beats Yale, But Is BigLaw Hiring Really Changing?" Law360
"Big Law Capital Markets Is Dead. Long Live Capital Markets Work.," Law.com
"Associate Training and Development at Stake as Deal Demand Falls," Law.com
"Will U.S. Firms Start to Open Locations in India?," The American Lawyer
"Big Law Mistakenly Shrinks Partner Ranks to Look More Profitable," Bloomberg Law
"EY Failed Split Gives Break to US Law Firms Fearing Competition," Bloomberg Law
"Law firms and corporate law departments find strategic partners in ALSPs," Reuters
"AI Could Reduce Billable Hours. But Is That Really a Bad Thing?,"The American Lawyer
"Young Lawyers Are Willing to Sacrifice Their Comp for These Benefits," The American Lawyer
"Big Law Surprisingly 'Strong' so Far in 2023, but More Cuts Could Be on the Way," The American Lawyer
"US law firms added few lawyers in Q1 as demand, productivity dropped — Wells Fargo," Reuters
"Big Law Attorney Billing Rate at 15-Year Low, Wells Fargo Says," Bloomberg Law
"Seven Questions — A Conversation with NALP'S Nikia Gray," The Bar Examiner
"Associate Lateral Moves Drop 66% As Firms Pivot To Partner-Focused Growth Mode," Law.com
"Associate hiring and attrition remain above average in 2022, new NALP Foundation report says," ABA Journal
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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