According to the ABA’s National Lawyer Population Survey, the number of active lawyers nationwide grew by 14.5% in the last decade, up from 1,180,386 in 2009 to 1,352,027 in 2019. The number of Indiana lawyers likewise grew 10.2%, increasing from 14,379 to 15,845.
Stephen Stitle, managing partner of the Indianapolis office of SmithAmundsen LLC, has been named chief operating officer over the entire Midwest regional law firm.
The question of another economic recession in the United States is not if it will happen, but when. Roughly a decade since the end of the Great Recession, most economists predict the U.S. economy will take another dip some time in 2020. Businesses, including law firms, are starting to prepare.
A recent survey of young Florida attorneys found that roughly 58 percent say the practice of law has become “less desirable” to them as their years in practice have increased. But facing difficulties doesn’t mean the next generation of Indiana lawyers are preparing to switch careers. Rather, they say the struggles they encountered, though painful at the time, have improved their skills as client advocates.
First-year associates at larger firms are seeing heftier paychecks, according to a national study. But the Midwest is seeing the shorter end of that stick compared to other regions. In its 2019 Associate Salary Survey report released Wednesday, the National Association for Law Placement found that as of Jan. 1, the overall median first-year associate salary was up nearly 15 percent.
Overall employment for class of 2017 law school graduates only increased by 1 percentage point, even though the number of jobs found by graduates fell again by more than 1,200 compared with 2016 numbers, according to a report released Thursday.
The Class of 2017 graduating from Indiana law schools followed the national trend of being smaller than the previous class and posting better jobs numbers, but the Hoosier graduates moved in the opposite direction by posting a slight increase in unemployment, according new data released from the American Bar Association.
The Indianapolis office of Cleveland-based law firm Benesch will close by the end of April, with nearly all of its attorneys migrating to Taft Stettinius & Hollister, attorneys from both major firms have confirmed.
When Bingham Greenebaum Doll LLP announced Oct. 17 that C.W. Raines III had been named the firm’s new chief operating officer, his new role was something of a homecoming. Raines previously worked in the firm’s Indianapolis office as an associate from 2004 to 2006, where his practice focused on corporate services including mergers and acquisitions, startups, and lending transactions.
The friendship attorneys Linda Pence and David Hensel started in 1990 continues, but the high-profile criminal-defense firm they began in 2010 has closed, sending the founding partners to growing firms in Indianapolis where they will each start practice groups for white-collar crime.
A Noblesville-based environmental firm has hired former Indiana Attorney General Greg Zoeller.
The median starting salaries for 2013 law school graduates rose slightly to nearly $62,500, according to data released by NALP Thursday. More grads also found jobs nine months out of school, but the unemployment rate rose due to the increased size of the graduating class.
The overall employment rate for 2012 law school graduates is at the lowest its been in nearly 20 years, according to data released by NALP Thursday.
Connie Lindman and her team of intellectual property attorneys at former Stewart & Irwin P.C. in Indianapolis found a new home with room to grow. So did several other lawyers who’ve made smooth transitions with their practices.