Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech.
News
Competition for legal talent in Texas is so strong that some law firms are paying signing bonuses as high as $500,000 to hire the most experienced associates from other firms. More here.
Trellis Raises $14.1M - the LA-based legal analytics platform company has raised their Series A led by Headline Ventures. Trellis plans to build out their new APIs and expand their team. More here.
Initial Litigation Offering - Law firm Roche Freeman LLP and investment platform Republic are behind the "ILO", which will fund a case against a California county. The suit seeks up to $1B in damages. More here.
Sun European Partners Affiliate Acquires Fletchers - the private equity firm has acquired the UK personal injury law firm. The firm will retain its headquarters in Southport. More here.
2022: Year of the Firm Mergers? - Law firm merger consultants say several large firms are in merger talks based off of continuing pressure in the lateral market and the widening gap among elite firms. More here.
Facebook Inc. Changes Name to Meta Platforms Inc. - The new name, Meta (for short) aligns with Zuckerberg's commitment to developing new tech called the "metaverse". The social platform will still retain the name Facebook. More here.
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Mary O’Carroll, the former head of Google’s legal operations, has joined Goodwin as Chief Operating Officer, bringing her extensive experience in legal operations and technology to the firm.
About 52% of lawyers surveyed by Law 360 Pulse are satisfied with their total compensation, but the percentage increases to 74% among lawyers working at firms that practice pay transparency.
The California Supreme Court approved a much-anticipated plan by the state bar to switch to a new licensing exam that will be delivered both remotely and in-person starting in February.
Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech.
The general counsel's job is set to get tougher, with regulatory changes, geopolitical turmoil, and sweeping technological changes continuing and intensifying into 2025.
Law firms are cutting back on summer associate hires, while boosting lateral partner recruitment to expand transactional services and capitalize on an economic rebound.
BLS Data showed that the total number of legal jobs in the U.S. dropped to 1,187,800 in January, from 1,192,200 in December 2023.
The FCC has issued a Notice of Proposed Rulemaking to address security vulnerabilities in the Border Gateway Protocol (BGP), requiring large broadband providers to develop comprehensive BGP Risk Management Plans and submit detailed quarterly reports.
AI enhances client service and delivery in top firms.