THE CHEETAH BRIEF
ABA Pushes Back on Early Recruiting, AI Reshapes Hiring & NextGen Bar Exam Debuts
The American Bar Association approved several key policy resolutions during the first day of its annual meeting, including a measure urging law schools and firms to examine the impact of increasingly early Big Law recruiting on students' education and career development.
The Legal Industry's Biggest Shift Isn't in the Courtroom
A new wave of AI-native law firms are reshaping the legal industry by attracting Big Law talent with AI-first workflows, alternative pricing models, and greater flexibility.
Who Owns the AI Advantage? Plus: Big Law’s Latest Moves
The University of Chicago Law School is introducing a new AI policy that bans laptops, tablets, and phones in all first-year required courses to encourage deeper learning and critical thinking through distraction-free, device-free classrooms.
Legal Employment Climbs as Demand Accelerates
The legal industry added 5,100 jobs in June, the largest monthly increase in more than two years, bringing total legal employment to 1.24 million, according to the U.S. Bureau of Labor Statistics.
Ensuring a Future for LGBTQ+ Lawyers: New Programs, Stronger Support, Greater Opportunity
The National LGBTQ+ Bar Association is expanding its support for LGBTQ+ law students and early-career attorneys in response to increasing legal and political challenges facing the community.
Big Law Goes All-In on AI, Talent, and Deals
Law firms are increasingly turning to innovation and strategic expansion to compete in the rapidly evolving funds market.
World Cup Predictions, Big Law Lateral Moves & Industry Trends
As the 2026 FIFA World Cup begins, lawyers and law firm partners from around the world are weighing in on their tournament predictions, with Spain, France, Brazil, Argentina, and England emerging as the most frequently mentioned contenders.
$10M for Legal AI, PE Rollups Ahead, and Seyfarth Heads to Miami
Billables AI, a San Francisco-based legal tech startup founded in 2023, raised a $10 million Series-A round led by Avenue Growth Partners to expand its AI-powered timekeeping software for midsized law firms.
Kirkland's $500M AI Bet, Milbank Sparks a Salary Race, and the AI IPO Boom
Kirkland & Ellis is investing $500 million into building its own in-house AI platform designed to help attorneys tap into the firm’s collective knowledge and workflows.
Big Law in Flux: Pay Secrecy, Talent Wars, and the Rise of Legal AI
Law firms are increasingly adopting confidential “black-box” compensation systems as competition for top legal talent intensifies and firms seek greater flexibility in rewarding performance.
Law Firm Growth Report: Q1 Revenue, Hiring Trends, and What's Shaping Big Law
New survey results from Citi Global Wealth at Work Law Firm Group show that U.S. law firms had a strong start to 2026 despite ongoing geopolitical tensions, rising energy prices, and tariff concerns.
Quinn Emanuel Leadership Transition, BigLaw Growth & AI Legal Industry Trends in 2026
Four decades after founding Quinn Emanuel Urquhart & Sullivan, LLP in Los Angeles, founding partner John B. Quinn is stepping down as executive chairman effective immediately.
BigLaw Revenue Surge: Q1 Starts Off Strong
BigLaw firms kicked off 2026 with a strong first quarter, as revenue climbed 13.1% year-over-year, driven largely by rising billing rates alongside stronger-than-expected demand and a rebound in lawyer productivity.
Am Law 100 Trends: Seyfarth Nears $1B, AI Risks & Nonequity Growth
Seyfarth Shaw is nearing $1 billion in annual revenue after growing 6.3%, with leadership emphasizing long-term strategy over milestone figures.
Big Law Expansion Wave, Am Law 100 Growth Leaders, and London Becomes the Global Battleground
U.S.-founded law firms are seeing sustained and often double-digit revenue growth in London, highlighting the city’s strategic importance as a global legal hub.
Talent War in Big Law: Lateral Hiring Surge Meets Litigation & Bankruptcy Pivot
Amid rising energy prices and global uncertainty, Big Law firms are preparing for potential economic slowdown by leaning on a familiar strategy: pivoting toward countercyclical practices like litigation and bankruptcy, reallocating talent, and focusing business development on more stable sectors.
LEGAL LATERAL HIRING, LAW FIRM MERGERS & BIG LAW GROWTH TRENDS 2025
Lateral hiring in the legal industry surged in 2025, rising nearly 9% year-over-year to over 28,000 hires, matching post-pandemic highs, while law firm mergers also jumped 25% to a record 59 deals.
LATERAL SHIFTS AND DELAWARE GROWTH SHAKE UP LAW MARKET
Lateral moves, Delaware legal market growth, and law firm expansion take center stage as Lowenstein Sandler enters Wilmington with a strategic bankruptcy push led by Christopher Ward. With firms targeting Delaware’s key bankruptcy court, the industry is seeing increased partner hiring, restructuring growth, and competitive expansion across major markets—highlighting how firms are positioning for long-term success.
WINNING STRATEGIES: HOW TOP FIRMS ARE BETTING ON GROWTH
Big Law firms saw strong growth in 2025 not just from rising demand, but increasingly from alternative and contingency fee arrangements, where firms “bet on themselves” and share in successful outcomes.