The most dangerous place in America is between a microphone and a Biglaw firm trying to mandate attorneys back to the office. Firms may not be reaching out directly, but there’s no shortage of consultants and background sources willing to tell certain outlets how law firms have “leverage” again and how firms are ready to ditch lawyers who aren’t eager to come back. No one is confused about the source of this “conventional wisdom.”
Yet… most firms aren’t embracing this wisdom. “You didn’t see your kids before the pandemic, you shouldn’t expect to see them now” might be the message at Skadden and Davis Polk may be “predominantly an in-office firm,” the truth is the rush to force lawyers back to the office is notably absent. Biglaw firms normally can’t play lemming fast enough. When one firm sets the bonus market, the rest of the field generally follows suit within weeks. It’s too risky and the talent pool too sparse to play non-conformist.
And a lot of firms just aren’t convinced that the “leverage” is really out there.
A newly updated PLI treatise provides both the legal framework and practical guidance on documenting secured transactions, including important details about 2022 amendments to the UCC.
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