Legal Market Insights
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"NALP: For The First Time, A Majority Of Law Firm Associates Are Women," 01.16.24. PreLaw Magazine highlights The National Association for Law Placement’s (NALP) Report on Diversity in U.S. Law Firms, which shows that women "now constitute a little over 50% of associates for the first time in more than 30 years.”
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"Legal Tech’s Predictions for Legal Education, Lawyer Training & Evolving Legal Roles in 2024," 01.18.24. Legaltech News provides "a collection of predictions from experts in the legal industry on what we can expect for legal education, lawyer training and how legal roles will evolve in 2024.”
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"’Drastically Different’ Associate Strategies in Big Law and Midsize Firms May Continue in 2024," 01.11.24. The American Lawyer reports that midsize law firms grew their associate ranks by 11.8% last year compared with 1.7% for Am Law 100 firms, and notes, "analysts and legal observers say they don’t expect those trends to change in the short-term either, as large law firms wait on transactional work to pick up and smaller firms continue to try to scoop up talent while it’s available and try to balance generational ranks that lean toward older partners.”
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"Official: New $300M Courthouse Could Strain Richmond’s Debt Policy, Delay Other Projects,” 01.22.24. The Richmond Times-Dispatch reports on a proposed project to revitalize the John Marshall Courts Building in Downtown Richmond, and notes that "A $300 million courthouse, if completed by the proposed 2029 date, would result in the city paying an annual $19.5 million debt payment. With this being one project in a long line of planned city projects, this could delay other projects if it becomes a priority.”
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“Bill to Require Salary Ranges in Job Posts, Bar Salary History Requests Advances,” 1.22.24. Virginia Mercury reports on a bill advancing through the Virginia General Assembly. Senator Jennifer Boysko presented "legislation to require employers to list a wage or salary range in all job postings and prohibit them from asking prospective employees for a salary history.”