Laterals articles

In perhaps a case of art imitating life, Better Call Saul's Kim Wexler (Rhea Seehorn) leaves the fictitious New Mexico big law firm of Hamlin, Hamlin & McGill to start her own firm.

Why Women Leave Big Law to Start Their Own Firms – Ep. 1 (Podcast)

Why Women Leave Big Law to Start Their Own Firms – Ep. 1 (Podcast)

  Why are many women lawyers choosing to leave big law and starting their own law firms, even after they make partner? In the first of a two-episode podcast series, Big Law Business explores that question with Stephanie Russell-Kraft, who recently reported on the topic, and Nicole Galli, a former partner at Pepper Hamilton, who now has her

Why Women Leave Big Law to Start Their Own Firms

Why Women Leave Big Law to Start Their Own Firms – Ep. 2 (Podcast)

  Starting in the 2000s it was women who had already made partner, and who were not leaving [big law] for work-life balance reasons, but were leaving for business reasons and I don’t think that trend is going to change. – Nicole Galli, former litigation partner at Pepper Hamilton, who now has her own small

Photo by Andrew Harrer/Bloomberg

Components of Effective Partner Compensation: Long-Term Focus (Perspective)

Editor’s Note: This article ties into a series by author, who is the former chair of a large U.S. law firm, on management principles. By Donald Mrozek, Former Chairman, Hinshaw & Culbertson LLP Earlier this year, I published an article titled Enduring Principles of an Effective Partner Compensation System, where I set forth certain governing principles for

A monitor displays Equifax Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 8, 2017. The dollar fell to the weakest in more than two years, while stocks were mixed as natural disasters damped expectations for another U.S. rate increase this year. Photographer: Michael Nagle/Bloomberg

Wake Up Call: Equifax Lawyers Up, Hires King & Spalding

• Equifax Inc. hired King & Spalding’s Phyllis Sumner, a partner and chief privacy officer, to lead its defense against more than 70 class actions filed over its massive data breach. (Daily Report) The Federal Trade Commission and a powerful Congressional committee are investigating the data breach. (Bloomberg) The breach made clear that credit monitoring in the U.S. is

Photographer: Daniel Acker/Bloomberg

Ropes & Gray Leaders on ‘Unusual’ Turnover

This year, Ropes & Gray has seen some “unusual” turnover — as its managing partner recently put it in an interview — especially for a firm that operates in the upper echelon of corporate legal services. But firm leaders say the number of exits don’t tell the whole story. “Many who have left — we haven’t necessarily prevented them

Photographer: Pete Marovich/Bloomberg

Ballard Spahr Acquires NY First Amendment Boutique

In the latest addition to its growing media practice, Philadelphia’s Ballard Spahr is set to acquire the 25-lawyer first amendment law boutique, Levine Sullivan Koch & Schulz. Earlier this summer, in June, the firm added Charles Tobin, a former Holland & Knight partner and in-house lawyer for Gannett, as co-chair of its national media and

Highways are empty after many residents have evacuated ahead of Hurricane Irma in Miami Beach, Florida, U.S., on Friday, Setp. 8, 2017. Hurricane Irma bulked up ahead of an all but certain collision with southern Florida after devastating a chain of Caribbean islands and threatening to become the most expensive storm in U.S. history. Photographer: Jayme Gershen/Bloomberg

Wake Up Call: Irma Floods Miami District Home to Law Firms

Today marks the 16th anniversary of the 9/11 attacks. Thousands are expected to gather at Ground Zero — survivors, rescuers, relatives and others — to remember the tragic day. Our thoughts are with all those affected.  • Brickell Avenue, South Florida’s version of Wall Street, turned into a fast-moving river Sunday as Hurricane Irma flooded the

Photo by Daniel Acker (Bloomberg via Getty Images)

Wake Up Call: Madoff Fees Approach $1 Billion for Baker & Hostetler

• Since Baker & Hostetler partner Irving Picard was appointed trustee of funds recovered for victims of Bernard Madoff’s giant Ponzi scheme about a decade ago, the firm has racked up Madoff-related fees of about $925 million, a nice boost to its finances. (Bloomberg) (Am Law Daily) • Equifax Inc. revealed that its systems were hit by a cyberattack that may have

Car move along Sand Hill Road in Menlo Park, California, U.S. Photographer: Michael Short/Bloomberg

Cooley Bulks Up With Another Three Wilson Hires

By Joyce Cutler, Bloomberg BNA Cooley LLP is adding three partners from Wilson Sonsini Goodrich & Rosati PC to strengthen its core corporate practice in the San Francisco Bay Area. The 900-lawyer Cooley hired emerging growth specialists Jon Avina, Calise Cheng, and Rachel Proffitt. Avina and Cheng are based in Palo Alto, Calif., and Proffitt