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Law Firms Ended 2024 With 'Drastic' Drop In Lateral Hiring

By Aebra Coe

Large law firms engaged in more lateral hiring in 2024 than the year before, but a strong start to the year fizzled out with a substantial dip in hiring across all job categories in the fourth quarter, according to new information from legal data company Firm Prospects LLC.

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    California Pulse

    FHLB San Francisco CLO Exits Amid Proposed Restructuring

    The chief legal officer of the Federal Home Loan Bank of San Francisco has resigned after her position was set to be restructured, according to a public filing.

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    DC Pulse

    Miles & Stockbridge Puts Krooth & Altman Merger Into Effect

    Miles & Stockbridge PC has officially merged with D.C.-based real estate finance boutique Krooth & Altman LLP, bringing Miles & Stockbridge's headcount to more than 200 attorneys, the firm announced Wednesday.

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    Daily Litigation

    Montgomery McCracken Co-Chair, Partner, Join Morgan Lewis

    Morgan Lewis announced Thursday that it has hired the former co-chair of Montgomery McCracken Walker & Rhoads LLP and one of its partners, a pair of Philadelphia-based former prosecutors who specialize in litigation, investigations, corporate compliance and public company board representations.

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    California Pulse

    Law Firm Real Estate Report

    While for many the new year begins with resolutions to slim down, several firms across the U.S. have started 2025 either a little bit larger or with plans to get bigger.

  • California Pulse

    DLA Piper, More Boutiques Meet, Exceed Milbank Bonus Scale

    Bonus news continued over the holiday week, with several law firms announcing they'll follow or exceed Milbank LLP's lead on 2024 associate bonuses, and others reversing their stance on special bonuses, according to memos shared with Law360 Pulse and media reports.

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    Courts

    Chancery's Glasscock Slams Attacks On Judges As Exit Nears

    As he prepared to end his lengthy tenure on the Delaware Chancery Court bench, Vice Chancellor Sam Glasscock III told Law360 Pulse recently it had been a joy to serve, while also expressing concern about an increasingly difficult environment judges have to navigate.

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    California Pulse

    Here's Where Mid-Law Leaders Will Be Focused In 2025

    Mid-Law leaders entering 2025 say that they are optimistic about the new year but also focused on potential challenges, such as the rise of generative artificial intelligence tools, succession planning and ensuring that any growth they are experiencing is sustainable.

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    In-House

    Key Litigation That General Counsel Should Watch In 2025

    As January brings a new year and a new presidential administration, some corporations will be seeking ways to build on Supreme Court decisions from 2024 to lessen their regulatory burdens and legal risks.

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    California Pulse

    Fed. Court Reforms Face Long Odds Amid GOP Control In '25

    Some modest reforms to the federal courts may be enacted in the coming years, but major changes championed by Democrats and judicial reform activists are likely "dead in the water" now that Republicans will be controlling Congress and the White House in 2025, reform advocates say.

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    California Pulse

    Lit Finance Enters '25 On Solid Ground Amid Disclosure Push

    The $15 billion U.S. litigation finance industry has come a long way in recent years, but demands for more transparency from pro-business groups and the defense bar could present a significant challenge in the year ahead.

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