LexisNexis® Legal Newsroom
Career management plans: a good step forward, but…

Focus groups of more than 900 law firm associates, conducted by Walker Clark members worldwide, have consistently identified the availability of career planning as one of the most important factors that cause good associates to stay at their firm. Associates typically express this in terms such as: ...

The SMART Way for Associates to Grow a Career

Associate development requires planning, developing overall goals and specific strategies that are preparation for the partnership. The issue is not more billable hours by associates, it's what kind of billable work and what it contributes to the firm. The firm must be able to measure the growth...

Are you at risk of losing a client? 10 diagnostic questions

As my colleagues and I interview the clients of law firms, we hear a consistent set of complaints about the service that they receive from law firms. Here is a short checklist to help law firms consider whether they have the basic management structures and systems in place to allow them to keep...

Release of the Annual Vault Law 100 Law Firm Rankings

Associates have spoken, and their voices are loud and clear: it's not about size, it's not about number of offices, and it's certainly not about a fancy website-it's all about Wachtell. In its ninth year on top, Wachtell has kept its title as the King of law firm prestige: the firm...

Law Firm Rankings 2012: Vault Law 100

VAULT.COM RELEASES TOP 100 LAW FIRMS FOR 2012 - WACHTELL TAKES TOP SPOT FOR NINTH STRAIGHT YEAR LATHAM RANKING SIGNALS COMEBACK; TRANSATLANTIC MERGERS CREATE HAVOC FOR FIRMS; AND LITIGATION-FOCUSED FIRMS CONTINUE RISE The Vault Law 100 has been released, and for the ninth straight year, Wachtell...

Lawsuits Filed For Indiana Stage Collapse Victims

INDIANAPOLIS - (AP) A 22-year-old college student injured when a stage collapsed at the Indiana State Fair died Friday, the same day lawsuits were filed on behalf of two other victims. Jennifer Haskell, a Ball State University senior, became the sixth person to die from injuries suffered in the collapse...

Lawyer with a video game addiction

I just received the monthly newsletter of the Pennsylvania Disciplinary Board. Not Fun and Games: Lawyer with Video Game Addiction Suspended This month's most interesting disciplinary decision is the case of Office of Disciplinary Counsel v. Matthew J. Eshelman . By order dated August 17...

The challenges of change in managing lawyer careers

Our firm is currently advising several law firms about improvements to their career management policies and procedures. In some legal markets this has become a very important strategic issue - not just one of internal human resources management. In order to make the improvements that are necessary...

Data Hosting and Cloud Computing: A LexisNexis Webinar Report

By Dylan McGuire Cloud computing-or the replication of a law firm's information technology (IT) server platform as well as its applications and other services on a remote computer platform-is a new buzzword in the legal field and carries immense ramifications for law firms and their clients, said...

North Carolina Appeals Court Rules In Law Firms' Fight Over Contingent Fees

There's invariably a fight between lawyers over the division of a fee when a lawyer who left the firm generates a fee at his new firm from a preexisting contingent fee relationship. There's at least one case of that type in the Business Court ( Mitchell, Brewer, Richards, Adams, Burge & Boughman...

When Law Firm Revenue Morphs into an Expense It's Not Pretty

It's a wonder of nature. After spending week after week eating every green leafy vegetable in sight, a caterpillar forms itself into a chrysalis. Through the miracle of metamorphosis it emerges as a butterfly, just as delicate as it is beautiful. And, if lucky enough to stay away from your windshield...