11Apr 2023 by Charles E. Price
US legal jobs decline for the first time in six months

US legal jobs decline for the first time in six months

LEGAL
(Reuters) - The US legal services sector lost 600 jobs in March, new Labor Department figures showed on Friday, marking the first monthly employment decline for the industry since September.Legal sector jobs totaled 1,180,900 last month, according to preliminary seasonally adjusted data released by the US Bureau of Labor Statistics. The count includes lawyers, paralegals and other legal professionals.Across US industries, the economy continued to add jobs in March, pushing the unemployment rate down to 3.5%. The continued tightness of the labor market could lead to the Federal Reserve hiking interest rates again next month.Legal employment has declined by 7,000 jobs since reaching an historic high in July, Labor Department statistics show. US law firms bulked up in 2021 and 2022 to take advantage of an unusually high client demand…
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25Feb 2023 by Charles E. Price
Winston & Strawn Chair Guides Firm Through Evolving Legal Landscape

Winston & Strawn Chair Guides Firm Through Evolving Legal Landscape

LAW
Tom Fitzgerald, the Chairman of Winston & Strawn, has stated that big law firms are investing more in mergers or lateral group hires to overcome the difficulties of organic growth in a competitive environment. This comes amid the recent wave of mergers in the Big Law sector, including the creation of a 1,000-plus lawyer firm by Orrick, Herrington & Sutcliffe through their merger with Buckley and Morrison & Foerster's acquisition of the litigation boutique Durie Tangri. Plus, Shearman & Sterling and Hogan Lovells are in early-stage merger talks. Fitzgerald is focused on growth in Northern California and has announced the hiring of two class action litigation partners from Squire Patton Boggs – Troy Yoshino and Eric Knapp. These hires are the first step towards replicating the firm's Southern California growth.…
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24Feb 2023 by Charles E. Price
Trump leadership PAC spent more than $16 million on legal services in 2022

Trump leadership PAC spent more than $16 million on legal services in 2022

LEGAL
CNN — Donald Trump's leadership PAC spent more than $16 million on legal services in 2022, according to a tally of the Save America PAC distributions through the end of December. The number represented a massive set of bills from lawyers at a time when the former president faced multiple criminal inquiries, lawsuits and other challenges. The money appears to be largely geared toward firms representing Trump and his business and family interests. The disbursement shows that Save America PAC paid more than $12.5 million to 16 law firms that have aided in his representation, either in the criminal matters or other legal disputes, according to CNN's review of the data and additional reporting. Some of those law firms also represent others who've been sought out as subjects in the…
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15Feb 2023 by Charles E. Price
Why 2023 Could See a Whole New Crop of Law Firms: The Morning Minute

Why 2023 Could See a Whole New Crop of Law Firms: The Morning Minute

LAW
NEW YEARS, NEW FIRMS - By the end of 2023, the legal industry landscape will likely be populated with a number of new law firms—and marked by a few notable absences. The law firm merger market is already quickly heating up and we're sure to see more big names (and smaller names) joining forces across the country throughout the remainder of the year. Meanwhile, if the past is any indication (and in this industry that's a safe bet), sky-high rates hikes seem likely to inspire a new generation of Big Law partners to branch out and start their own boutiques. in the latest Law.com Trendspotter columnwe join hands to celebrate the Circle of Law Firm Life, in which a period of rapid consolidation makes room for a new crop of…
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08Feb 2023 by Charles E. Price
Top Nurse Consultant’s Experience Helps Law Firms Fully Leverage Medical Records

Top Nurse Consultant’s Experience Helps Law Firms Fully Leverage Medical Records

LAW
Cornville, AZ, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Randy Loveless, a leading healthcare consultant with more than two decades of medical experience, is offering law firms the ability to streamline cases with a medical aspect, saving them time and maximizing payouts for their firms and clients . Randy is the founder and owner of Loveless Legal Nurse Consulting, which provides attorneys with a crucial boost by offering access to in-depth, behind-the-scenes medical expertise. The consultancy's full range of services helps an ever-growing list of law firms decipher and understand their medical evidence.Loveless Legal Nurse Consulting provides high quality review and analysis of all medical records in a variety of cases – including personal injury, medical malpractice, product liability, mass tort, class action, and criminal cases. The work done by his…
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07Feb 2023 by Charles E. Price
The market for alternative legal services is growing dramatically, new report shows

The market for alternative legal services is growing dramatically, new report shows

LEGAL
In our biennial report on the ALSP market, we find a sector that has grown exponentially over the past two years and is making great in-roads with both law firms and corporations The market for alternative legal services providers (ALSPs) is showing itself to be a highly dynamic part of the overall legal ecosystem and one that is growing at an increasing rate as it forges new paths to serving both traditional law firms and corporate law departments. Indeed, ALSPs now comprise a $20.6 billion segment of the legal market, according to the Alternative Legal Services Providers 2023 Reportpublished today by the Thomson Reuters Institute, the Center on Ethics and the Legal Profession at Georgetown Law, and the Saïd Business School at the University of Oxford. The biennial report shows…
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05Feb 2023 by Charles E. Price
Alternative legal services market hits $20.6 billion – report

Alternative legal services market hits $20.6 billion – report

LEGAL
(Reuters) - As the market for alternative legal services continues to grow, providers owned by traditional law firms remain the fastest-growing segment, according to a new report released Tuesday.The total market reached $20.6 billion by the end of the 2021 fiscal year, up 45% from two years prior, according to the biennial report by the Thomson Reuters Institute, the Center of Ethics and the Legal Profession at Georgetown Law and the Saïd Business School of the University of Oxford.The report on alternative legal services providers (ALSPs) includes independent companies, the Big Four professional services firms and ventures created within law firms — so-called "captive" providers.Law firm captives make up the smallest part of the ALSP market with about $1 billion in revenues, compared to independent providers which generate about $18…
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03Feb 2023 by Charles E. Price
6 Tips To Get Started

6 Tips To Get Started

LAW
Amy Catley is the Managing Director at Uptime JurisPagea digital marketing agency for law firms. getty Did you know that digital marketing budgets are increasing year over year? In 2022, spend digital marketing increased by 15.6% of the $521.02 billion spent in 2021. Compare that to traditional marketing, which saw a 0.7% decrease from 2021 to 2022, and you get a clear picture of where you should invest your time and money. And while many law firms lean more traditional in their marketing, putting your money into digital marketing is often a more effective way to get more leads and clients for your law firm. But how do you get started? In this article, I'll go over the importance of law firm internet marketing and give you some tips to…
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