📢 The legal profession, particularly “Big Law,” stands at a pivotal crossroads. The landscape is shifting rapidly due to escalating billing rates, soaring talent costs, and the intense focus on profitability. Add to that equation dramatically changing compensation systems and the substantial capital investments needed to keep pace with advances in artificial intelligence and other technologies. As a result, we are witnessing a trend toward increased consolidation among law firms, traditional elite firms abandoning their lockstep compensation practices, and a booming lateral hiring market like never before. 💼 🔗 Read more in this The American Lawyer column penned by Greenberg Traurig Executive Chairman Richard A. Rosenbaum: https://buff.ly/4612Xao #GTNews #BigLaw #LegalIndustry #LawFirms #LegalTrends #Innovation #ClientService
Greenberg Traurig, LLP’s Post
More Relevant Posts
-
What did you think about the Thomson Reuters Institute 2024 Report on the State of the US Legal Market? 🔑 Some key findings: ✅ Law firm rate growth has increased, but the ability to collect on those rates has faltered. ✅ Different segments of law firms have taken drastically different approaches to staffing strategies. ✅ Sagging productivity and declining realization have impacted law firm profitability growth. Link below! https://lnkd.in/eDzjysfK #johnsonfirm #reuters #lawfirm #legal
To view or add a comment, sign in
-
-
While large law firms tend to get the headlines, firms of all sizes are starting to see the benefit of engaging leaders with practical experience outside the realm of law. Find out why some law firms are finding success in appointing business professionals to lead their firms. https://bit.ly/497NYfe #StrategiesAndVoices #LMAMktng
To view or add a comment, sign in
-
-
While large law firms tend to get the headlines, firms of all sizes are starting to see the benefit of engaging leaders with practical experience outside the realm of law. Find out why some law firms are finding success in appointing business professionals to lead their firms. https://bit.ly/3w6VfNP #StrategiesAndVoices #LMAMktng
To view or add a comment, sign in
-
-
West End law firms have experienced unprecedented change in recent years as consolidation and competitive pressures continue to impact their forward strategies. Lee Bladon takes a closer look at the forces at play and what the future holds for these firms. https://lnkd.in/ecRX6bUn #lawfirm #dmj #solicitorsuk
To view or add a comment, sign in
-
-
U.S. News & World Report listed Levin Papantonio Rafferty as one of the best law firms to work for! Click the link to check out our page on U.S. News & World Report. https://lnkd.in/e9hYrQGu #BCTWF #lawfirm #bestcompanies
To view or add a comment, sign in
-
-
"What should firm leaders do in 2024 if they don't want to get left behind in that competition for scale - one which the report authors at Fairfax Associates dubbed the “Great Growth Race?” In short, firms should have a clear strategy and don't try to be all things to all people, the authors say." (The American Lawyer) https://lnkd.in/e4qZ9Da3 #legalnews #futureoflaw #legalindustry #lawpractice #legalservices
To Stay Ahead in New Year, Law Firms Will Double Down on Practice Strengths | The American Lawyer
law.com
To view or add a comment, sign in
-
“We have to align the pace of change with the law profession. There's a risk that you over-invest because you're ahead of the ability to drive the change in the legal space, or you under-invest because you're not pushing the envelope enough.”, says Nils Stoesser, CEO at Slater and Gordon Lawyers (UK), in our latest research report. Based on in-depth conversations with leading practitioners, our latest report "A guide to building the future-ready law firm" delves into topics such as: – Why do law firms need to be future-ready? – Changing culture – Building the foundations – How roles and skills will evolve and much more… The report is made in collaboration with Betty Blocks. Link to download in the comments. #LegalTechTalk #Research #LegalTech #LegalTransformation #LTT #FutureOfLaw
To view or add a comment, sign in
-
-
As the article explains, "Public companies are increasingly looking for lawyers to become corporate directors, bringing legal expertise to the boardroom and prestige to attorneys who can navigate potential conflicts." Major, Lindsey & Africa #legalindustry #legalcareers #boardofdirectors #mlaglobal
As public companies increasingly looking for lawyers to become corporate directors, Paul S. Williams shares the advantages of having an attorney on your board with Bloomberg Law. https://bit.ly/44IJXf9 #legalindustry #legalcareers #boardofdirectors #MLAglobal
To view or add a comment, sign in
-
-
The corporate and business lawyers at Odin Feldman Pittleman work collaboratively with clients to establish, manage and protect their interests and achieve their goals, leaving them free to do what they do best: lead and grow their organizations. Learn more: https://bit.ly/49OgUdh #corporatelaw #businesslawyer #businesslawyers #lawfirm #lawfirms
To view or add a comment, sign in