Mega-firm Reed Smith had a rough year in 2015, The American Lawyer reports–a year that perhaps led to the highly publicized 45-lawyer layoff in January 2016. According to their annual Am Law 100 report, gross revenue fell 2.5 percent, revenue per lawyer went down by 1.4 percent, and profits per partner declined an alarming 8.3 percent.
However, global managing partner Sandy Thomas called the results “solid,” and told press that the layoffs were simply an “efficiency measure,” although he also referred to the slumping commodities market, noting that “we are not immune,” (as quoted in The American Lawyer).
The gap in gender parity in the legal industry remains somewhat stagnant, but there are Big Law firms that have adopted new cultures...
The American Lawyer reports that recent data released by ALM Intelligence shows female attorneys have ascended into Big Law’s ...
According to Am Law Daily, mixed opinions were exchanged last week at the International Bar Association’s annual conference, regardi...