This post provides some updated links (our previous post on the topic was from 2012 and has some broken links): The Introvert Guide to Networking Aaron Hurst’s Networking Guide for Introverts Finally, some advice on the subject via the Harvard Business Review
What’s Ahead for the Large Law Firm Market in 2017?
Citi Private Bank and Hildebrandt consulting recently issued their 2017 Client Advisory. It predicts another year that will look like the past 6 — low single digit growth in revenue and profitability, continued emphasis on holding down expenses, and relentless focus on improving efficiency, which would include reducing office space and shifting leverage models. Behind the overall […]
Another Source: 2016 Just An OK Year for Biglaw
The Citbank/Hildebrandt assessment of the first 3 quarters of 2016 is consistent with Well’s Fargo’s, which was the subject of our post 2 weeks ago. Demand for Biglaw legal services is essentially flat (+0.3%); revenue was up 3.8% but only because of rate increases; and lawyer productivity is down. Underlying data comes from surveys of 41 Am Law […]
2016: At Best, Just an OK Year for Biglaw
Wells Fargo’s Private Bank (specifically, its Legal Specialty Group) recently surveyed large law firm managing partners at the end of Q 3. Among the key findings, is that, while revenue is up 3.8% (over the first nine months of 2015), that is not due to an increase in the demand for legal services, but rather owing […]
Demand for Law Firm Legal Services Drops in Q2 — First Time Since 2013
Demand for large and mid-sized law firm legal services fell 0.9% in Q2 of 2016 according to a recently released report by Thomson Reuters. Its quarterly Peer Monitor Index Report contains information about key law firm business metrics. We’ve regularly blogged about the Peer Monitor system before, but to refresh you, it is a service that allows […]
Brief Legal Market Update
Legal business consultant, Altman Weil, just published the results of its 2016 Law Firms in Transition Survey. The Survey went out to 800 firms with 50 or more lawyers. They received 356 responses, including about 48% of the AmLaw 200 and 49% of the AmLaw 350. Key findings: Market demand for legal services has failed to […]
Legal Industry Expert Moderates Expectations for Rest of 2015
Citibank’s latest report on the financial performance of the legal industry as of the end of the 2nd quarter 2015 is a bit less optimistic than their 2014 end of year report. You can find the full report on the first half of 2015 — via the American Lawyer — here. Revenue — as a result […]
EIW/FIP Attire (Bumped)
Occasionally, we’re asked about appropriate on-campus interview attire. We think our colleagues at the Yale Law School offer some good advice, which we’ve excerpted below. Keep in mind that dressing appropriately is art, not science. You should look at these simply as guidelines, not hard-and-fast rules. Your attire should contribute to your professionalism. Although employers may have different […]
Writing Style Guide from Silicon Valley General Counsel
Adobe Systems GC Michael Dillon recently announced the release of a writing style guide for the company’s in-house attorneys to use in their communications with their business unit clients and with each other. There are lot’s of great suggestions for better, clearer writing, which is, after all, an essential tool of the lawyer’s trade. It also could be an interesting topic […]
Not Quite Biglaw Rankings
As a follow up to our May 8 posting on Biglaw rankings, The American Lawyer has now published its 2015 AmLaw Second Hundred rankings. Firms are ranked in a number of different ways relating to their financial performance: growth rates, profitability, revenue, etc. Firms in the Second Hundred tend to be elite specialists, smaller firms […]