Attorney pay

Law firm profits take a hit after blockbuster year

New report on law firm finances highlights the toll of rising attorney compensation. It also points to a gradual slowdown in demand for corporate work, while litigation ticked up.

Diversity & Equality

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–   When it comes to law firm high earners, white men dominate. They comprise 60-70% of law firm leadership and 71% of firms' top decile earners, says an ABA survey. However, things might be changing in the corporate world. Almost half of new top lawyers at largest U.S companies last year were women, according to a report by an advisory firm.

 –    UCLA law dean Jennifer Mnookin, under whose leadership the school increased student financial aid and diversity, has been named the next chancellor of the University of Wisconsin-Madison. Last week, Stanford Law School dean Jenny Martinez had scrapped all tuition for low-income students, joining Yale.

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