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FROM THE JOB FRONT

FROM THE JOB FRONT is EmplawyerNet's monthly newsletter covering the latest developments in the area of legal employment -- and a few other things. FROM THE JOB FRONT is published as a service of EmplawyerNet, the online interactive legal employment network.

AUGUST 2001

NEWS FROM THE JOB FRONT

Hot Practice Areas

Pro Bono Numbers In

Where Do Firm Revenues Go?

Law Firm Vendors Feeling the Pinch

OTHER FEATURES

Legal Trivia

Quote, UnQuote

One More Thing Before You Go


HOT PRACTICE AREAS

If you're in the market for a new job, you're probably tired of hearing about slowdowns, hiring-freezes and cold practice areas. While you'll hear a bit about these things later in this issue of From The Job Front, we're going to start off talking about hot - and hopefully hiring - areas of the law. According to a Pennsylvania legal consulting firm, there are four practice areas that have remained extremely active despite the slowing economy. They are labor and employment, intellectual property, technology and entertainment. To get more specific about intellectual property, trademark registration for restaurants (up 40% in recent years) and Internet advertising are especially active. In entertainment, the place to be is Europe where US companies are expanding their presence. One other "heating-up" area of practice should be mentioned. It's bankruptcy.

Legal Intelligencer

PRO BONO NUMBERS IN

The good news about the largest American law firms is that pro bono activity increased by almost 5 percent last year. The bad news is that these same law firms grew by 9 percent in 2000. That means that on a per capita basis, pro bono work fell again. This trend is more distinct over a longer period of time. Last year, the average lawyer put in 39 hours of pro bono work. Back in 1992, the average was 56 hours. That means pro bono has dropped by almost one-third in nine years. Ironically, Rule 6.1 of the Model Rules of Professional was enacted in 1993. That rule urged lawyers to work 50 pro bono hours a year.

law.com

WHERE DO FIRM REVENUES GO?

Much has been said about how much money big law firms collect. But where does the money go after it comes in? A survey of America's 100 largest law firms conducted by Hildebrandt International answers that question. Expenses as a percentage of revenue for a typical firm within that group are as follows:

American Lawyer

LAW FIRM VENDORS FEELING THE PINCH

When business slows down, law firms slow down. When law firms slow down, vendors of legal services slow down. In this case, it's WestWorks, the heavily-promoted application service provider from West Group. WestWorks was launched in January of 2000 as a suite of services and software for small firms. Included in the product are time-and-billing, legal research, case management and document management. A West spokesperson West said that WestWorks might have been launched prematurely, especially since it requires users to have Windows 2000. Another problem is that small firms tend to need far more customer support than larger firms and this put a drain on implementation. Sales of WestWorks have been put on hold while the company monitors the economy.

The Recorder

LEGAL TRIVIA

In 1999, Silicon Valley's seven most active law firms handled 334 initial public offerings. How many IPO did these same firms handle during the first six months of 2001?
  
(a)150
(b)100
(c)25
(d)10

(Answer at the end of the newsletter)

QUOTE

"I would like to say he's rejuvenated the office, but it was never juvenated."

    --John Keker on Robert Mueller's tenure in the US Attorney's Office

UNQUOTE

ONE MORE THING BEFORE YOU GO...

The Chronicle of Higher Education reports that law professors are the highest paid professors at American public colleges. They average almost $40,000 more than other professors overall. Law professors at these institutions averaged $99,429 in salary while average professor pay among all disciplines is $59,123.

  • Trivia Answer:

      10


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