Bloomberg Law

Skadden Forces Lawyers Back to Offices Four Days Per Week

Skadden, Arps, Slate, Meagher & Flom is requiring lawyers to show up in the office four days per week, the law firm confirmed. Skadden lawyers must work in person Monday through Thursday, under the new policy. The elite New York firm previously required attorneys to be in offices Tuesday through Thursday.

Mintz Chief Wants Partners to Lead Associates Back to Office

Mintz Levin’s Bob Bodian is looking to coax lawyers back to the office, beginning with the firm’s partners.

Big Law’s ‘Era of the Storm’ Gives Powerful a Chance to Strike

Welcome back to the Big Law Business column. I’m Roy Strom, and today we look at what’s causing a period of severe instability among major law firms.

Allen & Overy, Shearman Weigh Merger Approval With Pay on Minds

Allen & Overy and Shearman & Sterling partners will vote as soon as next month on a merger, with pay among the top issues deciding the plan’s fate.

Bryan Cave Lays Off 47 Business Staff in Latest Big Law Cuts

Bryan Cave Leighton Paisner laid off 47 legal secretaries and administrative staff across global offices, the law firm said Thursday, joining rivals in making cuts during a slowdown in demand.


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Greg Bordelon
University of Maine School of Law
Dean Baker
Center for Economic and Policy Research

Latest Stories

Seize, Not Just Freeze, Russian Assets? Why It’s Hard: QuickTake

Soon after Russia invaded Ukraine, the US and its allies froze an estimated $300 billion in Russian central bank assets that were being held in non-Russian financial institutions. Sanctions imposed on prominent Russian individuals have frozen an additional estimated $58 billion in assets, including homes, yachts and private aircraft.

Archegos Insurer Sues to Avoid Covering Costs of Firm’s Failure

An insurer for Bill Hwang and his Archegos Capital Management is suing to avoid paying any costs incurred by Archegos, Hwang and other senior executives of the investment firm from a separate suit by a former employee who claims the implosion of the family office cost him as much as $50 million.

Big Law's Big Paychecks: Partner Compensation, Explained

Law firm partners in Big Law earn a lot of money, but just how much they make can vary widely. Whether it's equity or non-equity or merit versus lockstep, this video explains what goes into determining the size of those paychecks at elite law firms.

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Luxury Concierge Service Was Illegal Private Bank, US Says (1)

A businessman who claimed to operate a high-end concierge service featuring custom credit cards crafted from solid gold was actually operating an illegal private bank that provided discreet financial services to high-net-worth customers, prosecutors said.

FINANCE BRIEFING: Debt Deal Takes Shape With Two Year Cap

Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter. The details agreed to are tentative and a final accord is still not in hand. Plus, the two sides have yet to agree on the amount of the cap.

War in Ukraine and Life-or-Death Choices for Big Law

Big Law's Addiction to 'Prestige' Numbed by Pandemic (Podcast)

Want to Diversify Big Law's Pipeline? Start With Law Schools

Can Big Law Get It Right for Black Lawyers?