Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech.
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Young Lawyers on the Move - A survey of 3,000 lawyers shows that 54% of attorneys under 40 were likely to move to a new workplace in the next 5 years. 33% wanted to switch to a different area of law and 20% were thinking about leaving the profession entirely. More here.
Big Law Referral Bonuses - Willkie Farr & Gallagher, a top 50 Am Law firm, is paying $75,000 referral bonuses to associates who help the firm make qualified hires. More here.
The Size of Legal Operations Teams shows a decrease since 2020 according to Extero's CLO Survey, with the current average number of legal operations professionals in legal departments being 4.3 compared to 5.9 in 2020. The overall trend since 2017 remains positive. More here.
Google Font Usage Breaches GDPR - The Bavarian state court in Munich decided that using Google Fonts in your site breaches GDPR. More here.
BigHand Acquires Iridium Tech - The legal tech workflow and productivity software company announced its acquisition of Iridium Technology. The terms have not disclosed. More here.
A Slower Path to Partnership - The number of years it takes for entry-level associates to become partner at a major law firm reached 3,185 days on average last year, an increase of 136% from 2012. More here.
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Remote working was already steadily on the rise before the coronavirus pandemic, but working from home is now more prevalent than ever. Many managers might think that the increase in home working makes it more difficult to stay engaged with their workforce â but that neednât be the case. Here are some ideas for getting around the problems that a distributed workforce presents â and even taking advantage of its benefits.Â
Recruiting the right employees is of high value to any company. An effective strategy to upscale in the legal industry invariably includes recruitment efforts and every company needs to take steps to ensure their recruiting and onboarding top professionals. Among your recruitment goals should be engaging the right stakeholders, controlling the budget, and giving preference to talent and skill. Here are a few practices to help improve the company culture by recruiting the right candidates:
The legal profession faces a mental health crisis exacerbated by a issues in BigLaw culture; long hours, intense pressure, and a relentless pursuit of perfection, leading to serious issues like depression, and anxiety among lawyers.
The primary concern with this partnership is the possibility of Microsoft leveraging its financial and technological muscle to stifle competition in the AI market.
The 2025 Citi Hildebrandt Client Advisory highlights key performance metrics and strategic directions for law firms.
On December 6, 2024, the U.S. Court of Appeals upheld the Protecting Americans from Foreign Adversary Controlled Applications Act, mandating ByteDance to divest TikTok U.S. The court deemed ownership a national security risk due to potential Chinese government interference. TikTokâs arguments against the Actâs constitutionality were rejected, affirming the lawâs necessity.
Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech
After 2024, âitâs a whole different worldâ when it comes to Big Law compensation, as more than one third of Am Law 200 and beyond plan to make changes to their equity partner compensation models, either by stretching the spread or revising compensation criteria.