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ALM Media released its 2021 AmLaw 100 ranking. Kirkland topped the ranking with 4.83B in revenues, followed by Latham ($4.3B) and DLA Piper ($3.1B). Top 10 here.
2020 law school grads are facing a difficult market. For 2020 graduates of ABA-accredited law schools, 77.4% had long-term, full-time jobs that required or preferred bar passage, compared to 80.6% for the class of 2019. More here.
IronClad hires Mary O'Carroll, who stood up the legal operations function at Google and helped form the Corporate Legal Operations Consortium CLOC. She is joining the CLM company as its Chief Community Officer. More here.
Consilio and Xact Data Discovery Merger - The two legal services firms have been combined in a deal made by private equity firm Stone Point Capital LLC. More here.
Rocket Lawyer Raises $223M in a funding round led by Vista Credit Partners. The online legal service company plans to use the funds to expand internationally. More here.
Boundless Immigration Raises $25M - the Seattle-based startup (with significant VC backing) has raised its Series B found led by Foundry Group. More here.
Jones Day Emails Published - The law firm was targeted by ransomware group cl0p. A portion of the unredacted emails were published pertaining to the 2019 police raid on the home of social worker Anjanette Young. More here.
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High student debt is affecting the emotional well-being of young lawyers and affecting their life decisions, while also causing a sizable number of them to reassess their educational choices.
In 2023, Am Law 100 law firms experienced a 6.8% increase in total gross revenue, reaching $139.72B, with significant growth in financial metrics like revenue per lawyer and profits per equity partner.
BigLaw firms are pushing for a return to traditional office settings, reversing earlier promises of flexible work arrangements.
In-house legal professionals talk about how they've changed practice areas within their careers.
Generally, every child born in the United States is granted American citizenship.
Utah opened for public feedback a proposal to allow law graduates to become licensed without taking the bar exam, following the lead of other states that have adopted alternative licensing pathways in recent months.
The legal industry confronts ethical challenges as it integrates generative AI technologies to enhance efficiency and automate workflows.
Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech.
