Law Firms

A $30 Million Revenue Hole for Shearman After Mass Departure

big legal fees in Big Law

A new arbitration boutique law firm to have offices in Paris, London and New York has been started with eight of Shearman & Sterling’s arbitration partners, including global arbitration heads Emmanuel Gaillard and Yas Banifatemi. The departure of more than 38 lawyers is believed to leave the Big Law heavyweight with an estimated $30 million […]

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Is David Boies Looking At Stemming The Tide of Departures?

The departures from leading legal boutique Boies Schiller Flexner have been significant, after more than 60 partners departed in recent times, including the co-managing partner Nicholas Gravante and the litigators Karen Dunn and Bill Isaacson. LawFuel has previously reported on the troubled firm and its partner departures. Bloomberg Law reports that name partner David Boies

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Is This a Law Firm Management Trend That Is Likely To Catch-On?

law firm management professional Kate Tompkins

For many years, several leading business advisors have suggested that law firms need to broaden their management horizons by employing law firm CEOs who are not themselves lawyers. Many lawyers either dislike or show a lack of ability to managing law firms and yet there are frequently management professionals readily available to take charge and

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Who Said 2020 Was Bad For Lawyers? World’s Highest Grossing Law Firm Set To Surge to $5bn on

The world’s highest-grossing law firm, Power Law firm Kirkland & Ellis, is on track to post record annual revenue of ~$5 billion for the 12 months ending in January, according to the Financial Times. Despite a sagging global economy, Kirkland & Ellis has surged with growth in its three main areas of operation —private equity, restructuring, and

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Does Eric Watson Have Russell McVeagh & Others In His Netflix Sights?

A recent Stuff article on former high flyer Eric Watson and his move from Pentonville Prison to some sunny place in Europe has him now planning his revenge, it would see, with a tell-all book and television series on his various grudges. Just how these tales will unfold and via what format in the Netflix

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Will Big Law Firms Require COVID Vaccinations Before Lawyers Return

COVID vaccine

One Big Law firm, Davis Wright Tremaine, is requiring its attorneys and legal staff receive the COVID-19 vaccination before returning to work and it seems likely that other large firms will require the same. As the vaccine becomes more available, the health issue for law firms will once again require many to ensure staff and

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Law Firm Diversity – Coca Cola Demands Diversity For Its Law Firms

Coca-Cola said it will require diversity among law firms who bill it for work in the United States — and reduce payments if they don’t comply. The Atlanta-based beverage giant’s general counsel, a recent hire from the top ranks of Ford, disclosed the changes in a letter Thursday to law firms the company uses. “Quite

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Law Firm’s $10 Million Pledge To Advance Social Justice With 5 Leading Law Schools

Los Angeles, January 28, 2021 – The Social Justice Legal Foundation (www.socialjusticelaw.org) launched today with a $10 million pledge of support from Hueston Hennigan LLP. Its mission is to combine public interest issue expertise and elite academic resources with private sector experience in order to bring a fresh approach to curating and pursuing national trial

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Law Firm Business Development – Does this year’s client development plan look identical to last year’s?

It’s often said that if you ‘fail to plan, you plan to fail.’ That is of course absolutely true. However, it is also true that if you ‘fail to read your plan, you’ve set your plan up to fail!’

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