Am Law 100 Offices Are Lacking in Efficiency: The Morning Minute

ROOM FOR IMPROVEMENT – Am Law 100 office space is nowhere near as efficient as it could be, with an average square foot per attorney ratio that is “still relatively high,” despite firms’ attempts over decades to improve their use of space, according to the Savills 2023 Benchmarking Report. As Law.com’s Brenda Sapino Jeffreys reports, the average efficiency among Am Law 100 offices is 985 square feet per attorney, which is higher than the 500-750 sf/atty many firms use as a target occupancy rate. Firms in the Am Law 25 are “somewhat more efficient,” the report said, with 30% of offices at 750 sf/atty or less, but only 24% of the rest of the Am Law 100 at that level. However, the report suggests the square footage numbers are likely higher than they could be, because offices are not fully occupied, and if offices are not used, the square footage to attorney ratio increases despite the efficiency of the office. It should also be noted that the report does not specify whether all those offices are empty because people are busy collaborating and innovating in the common areas.

WHAT’S IN A NAME? – The chief legal officer title sounds loftier, but, as Law.com’s Trudy Knockless reports, some GCs actually have broader responsibilities. And while companies continue to create CLO roles, the growth is slowing. Hirings with the “chief legal officer” title surged 72% from 2019 through 2022, according to a LinkedIn study of more than 500,000 hirings. But it climbed just 3% in 2022, the final year of that three-year span—a sign that the corporate trend of upgrading the top legal title from general counsel to CLO is slowing, the study found. Recruiters, in-house counsel and other legal observers say the (seemingly) highfalutin CLO title became fashionable in

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Legal Tech Rundown: HBR Consulting’s Acquisition, Veristar’s Expansion, and More



Legal Tech Rundown: HBR Consulting’s Acquisition, Veristar’s Expansion, and More | Legaltech News

















Credit: Igor/Adobe Stock

NEWS

An update on the legal tech market’s past few weeks, from product launches to new tech acquisitions.

February 08, 2023 at 09:01 AM

5 minute read

Cassandre Coyer

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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. That said, the experienced lawyers will have in a small law firm can vary widely, as can the experience in large firms. Some firms may seek out any case they can, while others may focus solely on class action lawsuits followed by layoffs until the next case comes around.

Mid-sized firms are a good in-between that offer less competition and more stability overall, but they can have their downsides. At the right firm, a young lawyer can learn and grow, eventually becoming a vital part of the team.

The big established law firms offer career opportunities, but they can be the most

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