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BigLaw's lockstep compensation is declining in order to keep and attract talent Illustration by Sara Wadford/ABA Journal In 1919, the Boston Red Sox sold Babe Ruth to the New York Yankees for an unheard of $100,000, a sum worth nearly $1.5 million today. Sports fans credit the deal for an ensuing New York dynasty of pennants and championships and for Boston’s World Series drought, known by some as the “curse of the Bambino.” Lateral transfers are nothing new. Like the big leagues, BigLaw seeks to gain powerhouse rainmakers via outsize salary offers. The deals have the added value of dra...

Afternoon Briefs: Senator airs suspicions of 'fake' Kavanaugh probe; prosecutors sue senior living chain   Senator wants to know whether FBI probe of Kavanaugh was ‘fake’ U.S. Attorney General Merrick Garland should help facilitate Senate oversight into whether the FBI conducted a “politically constrained and perhaps fake FBI investigation” of then-U.S. Supreme Court nominee Judge Brett M. Kavanaugh, according to a senator’s letter. Democratic U.S. Sen. Sheldon Whitehouse of Rhode Island, a senior member of the Senate Judiciary Committee, wrote that the FBI appears to have done lit...

Experienced cloud-based law firm thrives during COVID-19, co-founder says Legal Rebels Podcast March 17, 2021, 8:57 am CDT   Image from Shutterstock.com. When the spread of the novel coronavirus last spring prompted traditional law firms across the country to shutter their physical offices amid much economic uncertainty, the management team at cloud-based law firm FisherBroyles had very different concerns on its radar. The team wanted to make sure that the firm was ready to quickly ramp up hiring. Kevin E. Broyles, the firm’s co-founder and managing partner, says expanding was top of mind ...

Criminal Justice Leaving prison? Dial down the aspirations, don't try to be lawyers or doctors, survey respondents say   Image from Shutterstock.com. Should former prisoners pursue prestigious careers and home ownership? A survey suggests that people think the American dream should be more limited for this group of people. The online survey of 637 people divided the respondents into nine groups, with each one getting a different profile of a fictional person. Some of the fictional people had spent time in prison, and some had not. The February 2020 survey, posted Monday at SSRN, then asked a...

The power of silence in legal practice Your Voice By James H. Fierberg   “Nothing strengthens authority so much as silence.” —Leonardo da Vinci I have spent 40 years in practice and nearly as long serving as an official and unofficial mentor for young lawyers, as well as more than a decade as an educator at many levels, including law school. All these experiences have informed me of the important skills that lawyers need to master for success, most of which are not taught in law school. These are the so-called tricks of the trade or psychological game theories that a lawyer learns alon...