International Morning Update

Apr 18, 2025

View in Browser

ALM | Law.com International

Morning Update

A Message From the Editor

Good morning. The Am Law 100 results came out this week, and as expected, Big Law had a big year. But President Donald Trump's deals with law firms (nine firms have struck deals so far) are not sitting well with everyone. Meanwhile, promotion of diversity, equity and inclusion language is disappearing quickly in the legal profession. You can check out these stories and more below and on Law.com International. Have a good weekend.

– Lisa Shuchman, Executive Editor

Law Firm Profitability | Analysis

The Am Law 100's 'Bang-Up Year' Was Even Better Than You Thought

By Patrick Smith

There were double-digit gains in both collective revenue and net income in 2024. And yet, it's a new and changed world... Read More

Law Firm Associates | News

Big Law Lawyer Resignations Climb as Backlash to Trump Deals Intensifies

By Jack Womack and Amanda O'Brien

Five law firms, including Latham & Watkins and Kirkland & Ellis, have reached agreements with the Trump administration... Read More

Law Firm Profitability | Chart

The 2025 Am Law 100, As Ranked by Gross Revenue

By ALM Staff

Fifty-eight firms posted gross revenue of $1 billion or more in 2024, four more than in 2023. Read More

Law Firm Management | Analysis

Doubts and Discord: Internal Fallout At Law Firms Striking Deals With Trump

By Abigail Adcox and Amanda O'Brien

Sources told Law.com this week some partners and associates aren't taking Trump seriously when he says he wants the... Read More

Legal Ethics and Attorney Discipline | Analysis

‘The Scary Thing Isn't That DEI is Gone, But That Nothing Will Replace it': Big Law's Minority Partners Voice Fears

By Krishnan Nair

Despite plenty of cynicism around the effectiveness of DEI, partners from ethnic minority backgrounds say that certain... Read More

Global Law Firms | Commentary

Lawyers in China Can't Catch a Break as Trump Wreaks Havoc, Taunts China and Threatens the Rule of Law

By Jessica Seah

For lawyers in Hong Kong, the first quarter of 2025 showed signs of a market that was finally turning around. Trump... Read More

Diversity | News

Big Law Firms Quietly Update Diversity Language, as Deadline Passes to Disclose The Data

By Habiba Cullen-Jafar and Abigail Adcox

At least seven law firms that received EEOC letters have made changes to their webpages on DEI commitments, apparently... Read More

Law Firm Profitability | Chart

The 2025 Am Law 100: Which Law Firms Had the Highest Average Profits Per Equity Partner?

By ALM Staff

Sixty-eight firms had year-over-year growth rates of at least 10% in PEP, compared to 37 last year. Read More

Resources

Report

Ethical Gaps in the Financial Services Sector

Sponsored by LRN

Data from a 2025 Ethics & Compliance Program Effectiveness Report suggests that only 28% of Financial Services middle managers across high-impact programs regularly make difficult decisions aligned with company values; however, executives and senior leaders reported a stronger alignment with values-based decision-making, with a striking 91%. Learn More

WEBCAST DATE: May 1, 2025

How In-House Counsel Can Extract Value Out of Rising Legal Costs

Ivo

Join the webcast to explore how AI and automation are transforming legal workflows, enabling corporate legal teams to reduce costs associated with outside counsel, document review, and compliance. Learn More

Connect With Law.com International

This newsletter was sent to newsletter@newslettercollector.com

150 E 42nd St | New York, NY 10017 | 1-877-256-2472