Monday BigLaw Merry-Go-Round (Nov 13, 2023)
Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.
"Throw Out the Diversity Playbook and Reimagine Inclusive Hiring," Bloomberg Law
"Grappling with Culture after COVID: A Managing Partner Roundtable," American Bar Association
"Litigators Are 'Scrambling' to Staff Cases, Battling Rate, Revenue and Quality Challenges," The American Lawyer
"Law firms slow hiring in third quarter amid push for a profitable 2023 — report," Reuters
"Many Large and Midsize Law Firms Are Recovering. Others Are in 'No-Man's Land'," The American Lawyer
"Biglaw Firms Just Don't Want Too Many First-Year Associates," Above the Law
"Lawyer hiring slows as firms strive for greater profits, according to Thomson Reuters report," ABA Journal
"What Can PPP Tell Us? It's Complicated," Law 360
"Latham's New Partner Class Is Male-Dominated, but So Are Many of Its Peers'," The American Lawyer
"Succession planning in the legal world," Precedent
"Rainmaking and Leadership Are Divorced, and the Firm Is Not Alright," American Bar Association
"Cravath Adds Salaried Partner Tier in Latest Wall Street Shift," Bloomberg Law
"Milbank Raises Associate Salaries, Kicks Off Bonus Season," Bloomberg Law
"Top Performers 'Likely' To Raise Associate Pay After Milbank's Move, but Broad Hesitancy Lingers," The American Lawyer
"Milbank's 'Bold' Salary Increases Set Stage for Tough Decisions," Bloomberg Law
"Associate Pay Raises Escalate GC Fears of Billing Rate Hikes," The American Lawyer
"Stroock to Lay Off 140 Employees in New York as Firm Collapses," Bloomberg Law
"'Everyone Was in the Dark': For Stroock Staff, No Communication, No Jobs," The American Lawyer
"Momentum in Big Law: Who Has It, Why and What They Do to Keep It," The American Lawyer
"One Tiny Number Shows Why More Firms Want Nonequity Partners," Bloomberg Law
"Poor Mental Health Comes at a 'Staggering Cost' to Law Firms," 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