Law firm news by topic » Global Financial Crisis

UK trainee retention rates hold steady in 2012

Dec 15, 2012 Trainee retention rates at top English law firms remained fairly steady this year, down 1.5 per cent on last year’s numbers to reach 79 per cent in 2012. At the same time, top firms took on 16 per cent more…

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US legal services market becomes more segmented

May 7, 2012 The most expensive US lawyers are becoming even more costly, while the cheapest are barely keeping up with inflation, according to this story published in the Wall Street Journal. A new report from legal software…

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Average profits rise at Scottish law firms

Feb 20, 2012 Profits at Scotland’s law firms are rising for the first time since the global finaincial crisis, with the average profit per equity partner across all sizes of firm rising from £64,000 in 2010 to £71,000 in 2011.…

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Law school application numbers drop

Mar 18, 2011 Law school application numbers are finally beginning to reflect the poor job prospects for graduates, dropping 11.5 per cent to 66,876 over the past year. The Law School Admission Council Inc says that these figures…

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US lateral market at a ten year low

Feb 7, 2011 2010 was the slowest year for partners making lateral moves since 2000. In the 12 month period ending 30 September 2010, just 2,014 partners left or joined top law firms in the US – a 27 per cent decrease on the…

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Is the BigLaw model in peril?

Dec 2, 2010 A series of high profile transatlantic mergers between law firms that are ‘in less-than-brilliant shape’ has prompted commentators to question the future of the BigLaw model. This article suggests that those…

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