There’s no denying it: Marijuana is big business and getting bigger. The legal cannabis industry is projected to hit $32 billion in sales this year, according to New Frontier Data, with revenues expected to reach $63 billion by 2028. According to the National Conference of State Legislatures, by October 2022, 19 states plus the District…
As corporate clients more often consider the diversity and inclusion policies of law firms when selecting counsel to represent them, competition to recruit minority talent is fierce. To satisfy their desire for outside counsel that meet their desired diversity and inclusion goals, general counsel expand their searches to include smaller, local, and regional firms. Specifically,…
The conversation around diversity and inclusion in the legal profession changed over the past several decades. When the principals of SeltzerFontaineLLC entered the legal search profession in the early 1980s, diversity was a topic we brought up to the hiring authorities at major law firms and corporate legal departments rather than the other way around.…
With increased competition among law firms, business development is a top priority. To maximize revenues, many—if not most—law firms incentivize rainmakers via compensation models which encourage business development. They track originations as a way to reward those who bring in the most business. Historically, however, the most profitable U.S. law firms never tracked originations. They…
O’Melveny jumped to the front of the Biglaw recruiting pack with the announcement of its plans to use a gamified career assessment and recruiting platform to evaluate potential law school candidates. Through the gamification of recruiting, the firm hopes to broaden its recruiting pipeline and gain access to more diverse candidates. Gamification uses game theory,…
Despite the many perks of working in-house, there is one big negative: very little room at the top. Corporate law departments tend to be relatively flat organizationally and advancement depends on a number of factors mostly out of an ambitious lawyer’s control, such as the size and structure of the department, the age of its…
