law firms

Lawyer volunteers line up as N.Y. abortion providers seek out advice

Abortion rights protesters hold a youth rally in Washington Square Park in anticipation of Supreme Court overturning the Roe v. Wade abortion rights decision in New York City, U.S., June 3, 2022. REUTERS/Jeenah Moon

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  • About 50 New York law firms have expressed an interest in staffing a new hotline
  • The initiative is being spearheaded by New York Attorney General Leticia James

(Reuters) – A new hotline staffed by volunteer lawyers in New York is fielding a stream of inquiries from reproductive healthcare providers in the state worried about how the end of nationwide abortion rights protections could affect their operations, organizers said this week.

“Unfortunately, what we have received is what we expected,” said Claudia Hammerman, a partner at Paul, Weiss, Rifkind, Wharton & Garrison, which is coordinating law firm participation in the effort.

The New York hotline is the centerpiece of a month-old abortion rights initiative spearheaded by state Attorney General Letitia James in conjunction with law firms and reproductive rights organizations responding to the U.S. Supreme court last month overturning the constitutional right to abortion.

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After two weeks, the hotline

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July 20, 2022 by LAW

Large U.S. law firms mostly quiet on abortion ruling, are walking a ‘tightrope’

June 26 (Reuters) – The largest U.S. law firms did not take a public stance following the U.S. Supreme Court’s reversal of Roe v. Wade on Friday, diverging from the approach of some major companies that have made statements on the closely watched abortion case.

The high court’s 6-3 Dobbs decision upheld a Republican-backed Mississippi law that bans abortion after 15 weeks of pregnancy. Many states are expected to further restrict or ban abortions following the ruling.

Reuters on Friday asked more than 30 U.S. law firms, including the 20 largest by total number of lawyers, for comments on the Dobbs ruling and whether they would cover travel costs for employees seeking an abortion.

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The vast majority did not respond by Saturday afternoon, and only two, Ropes & Gray and Morrison & Foerster, said they would implement such a travel policy.

Morrison & Foerster, with nearly 1,000 attorneys, was the only large firm to issue a public statement by Saturday afternoon.

The firm’s chair, Larren Nashelsky, said Morrison & Foerster would “redouble our efforts to protect abortion and other reproductive rights.”

The Dobbs decision has been expected since a

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June 30, 2022 by LAW

Change Is On the Way. Law Firms Are Getting Ready

Faced with inflation, a looming recession and increased global regulation, law firms are looking at a lot of uncertainty. Even those still enjoying high demand for their services and basking in the increased profits and revenue they’ve experienced in the past year, know that change is likely on its way. So they are getting ready, taking steps they hope will insulate them from whatever is to come.

There are many ways to prepare for the big changes ahead but perhaps the most dramatic step a law firm has recently made took place last week in Australia. There, the fast-growing firm Wotten + Kearney, which specializes in insurance law, announced it is selling a 30% stake in the firm to a private equity company.

The law firm, which has 57 partners and more than 300 lawyers, wants to raise money to expand geographically—both in Australia and in Asia. It also wants to attract top talent, capture new market opportunities and invest in legal tech. It could have raised money by listing on a stock exchange—a move taken by other firms, both in the U.K. and in Australia. Or it could have pursued traditional financing. But instead, Wotten + Kearney did what

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June 21, 2022 by LEGAL

Best Law Firm Types For Different Young Lawyers

Working at a law firm is a great start for young lawyers to gain experience and work their way up to a partnership. Still, this track isn’t always the best fit for every lawyer. Some lawyers will do better on their own as solo practitioners and others will be better served in small or large firms. There are several tracks available to lawyers and it’s important to understand each to make the best decision for their career. 

What Is It Like to Work at a Law Firm?

There’s no simple answer to this question. The experience depends on the size and reputation of the firm, the practice area, and other factors. No matter the size of the firm, the legal industry is known for being stressful and often includes long hours that seep into a lawyer’s personal time.

The benefits of working at a law firm include getting training from more experienced lawyers, a guaranteed salary, and experts in different departments to handle specific areas of the law firm’s business like invoicing and billing. Lawyers at law firms simply get to practice law without worrying about running a business, handling their own marketing or accounting, or other hassles.

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June 14, 2022 by LAW

Innovation, Change and the Next 70 Years

Queen Elizabeth II has now sat on the throne for 70 years—a milestone celebrated across the United Kingdom and the Commonwealth this past weekend. Much has changed in those seven decades. And as the world now contends with war, inflation, a looming recession and lingering challenges from the global COVID-19 pandemic, it is perhaps worth asking, where will we be—and where will your law firm be—70 years from now?

Law firms are notoriously slow to change, but these days you’d be hard-pressed to find a firm that does not profess to embrace innovation. Some are more successful than others, but most understand that to guarantee longevity and be successful in a highly competitive industry like the law, innovation is key. 

Of course, innovation does not follow a straight line and mistakes are more common than most like to admit. That’s what Jessica Seah discovered when reporting her fascinating story about the recent $40 billion crash of Terra Luna, the stablecoin that lost its peg to the dollar last month, causing investors to lose millions of dollars. 

The crypto industry is angry and lawsuits are coming, Jess writes, although it’s unclear whether investors will have much recourse in what remains

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June 8, 2022 by LAW
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