legal profession
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The Thomson Reuters Institute recently analyzed law firm financials and highlighted strong profits in 2024, driven by high demand across multiple practice areas, increased billing rates, and the growth of non-equity partner tiers. However, the report also warns that potential challenges, such as declining demand and rising expenses, could impact profits in 2025. Boost in…
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International Swimming League Accuses Farella Braun + Martel of Negligence The Zurich-based International Swimming League (ISL) and its founder, Konstantin Grigorishin, have filed a lawsuit against their former U.S. law firm, Farella Braun + Martel, seeking more than $7 million. The lawsuit, filed on December 30 in San Francisco Superior Court, accuses the firm of…
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Kirkland & Ellis Leads Global M&A Advising In 2024, leading U.S. and international law firms capitalized on a surge in M&A mega-deals. Kirkland & Ellis, the world’s largest law firm by revenue, dominated the global mergers and acquisitions landscape, advising on transactions with the highest combined value. According to the London Stock Exchange Group (LSEG),…
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A Manhattan federal judge will decide on Friday whether to hold Rudy Giuliani in civil contempt. Two Georgia election workers, Ruby Freeman and Wandrea Moss, accuse Giuliani of defying orders to surrender property as part of a $148 million defamation judgment against him. What is Contempt of Court? READ HERE Giuliani Faces Defamation Liability After…
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Supreme Court Chief Justice John Roberts issued a stark warning on Tuesday about rising threats to the judiciary’s independence. He highlighted increasing violence, intimidation, and troubling rhetoric from elected officials, which he argued jeopardize the rule of law. Growing Threats to Judges and the Judiciary Roberts revealed a sharp increase in violent threats and online…
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On Monday, U.S. District Judge Sam Cummings in Lubbock, Texas, struck down a Biden administration rule aimed at expanding mandatory overtime pay to 4 million salaried workers. This decision mirrors a similar ruling by U.S. District Judge Sean Jordan in Sherman, Texas, who permanently blocked the rule in November. Both judges, appointed by Republican presidents,…
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For the first time in over two years, retired U.S. Supreme Court Justice Stephen Breyer will resume hearing cases, this time as a visiting judge on the 1st Circuit Court of Appeals in Boston. The court’s recently released calendar confirmed that Breyer, now 86, will join three-judge panels to preside over appeals from New England…
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Jimmy Carter, the 39th President of the United States, revolutionized the federal judiciary during his single term by appointing an unprecedented number of women and people of color to the bench. Carter, who passed away on Sunday at the age of 100, reshaped a judiciary historically dominated by white men, leaving an enduring legacy of…
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The new year is set to bring a wave of significant law firm mergers across the United States, driving further consolidation in the legal industry. These strategic combinations reflect shifting client demands, market pressures, and a push for broader capabilities. High-Profile U.S. Mergers On January 1, several major law firm mergers will take effect, creating…
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After President-elect Donald Trump takes office, the U.S. Department of Labor (DOL) is poised to quickly undo several key labor policies of the Biden administration. Trump’s appointees are expected to target regulations on independent contractors, overtime pay, immigrant labor, and workplace safety, potentially reshaping labor practices across various industries. Repealing Independent Contractor Rule One of…
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