Episodios

  • Goodwin Chair on Revenue Rise and New Competitors for Law Firms

    Goodwin Chair on Revenue Rise and New Competitors for Law Firms
    Oct 21 2025
    Goodwin Procter made a splash this month when it announced it had raked in $2.7 billion in the 2025 fiscal year, a record for the firm and a 12% gain from the previous year On this episode of our news podcast, On The Merits, we hear from the firm's chair, Anthony McCusker, about how Goodwin managed this feat. He tells Bloomberg Law reporter Tatyana Monnay that he attributes the firm's recent success to a long-term strategic plan it developed called "Goodwin 2033." He also talks about where he thinks the legal industry is heading when it comes to tech—specifically, AI—and growing competition for law firms. "In a world where maybe the legal answer might be free, or quick to get into the world, clients are going to value that deep industry experience," McCusker said. "Clients are going to value that business advisory expertise that our lawyers bring. And so ensuring that we are preparing all of our people to be able to deliver that type of benefit to clients is one of the things we're really focused on." Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    14 m
  • What a GC Wants Wants to Hear From His Outside Law Firms on AI

    What a GC Wants Wants to Hear From His Outside Law Firms on AI
    Oct 16 2025
    Today's guest on our podcast, On The Merits, is a general counsel who is looking for more from the law firms trying to win his business. Specifically, he wants to hear more about how and why they're using AI. Eric Dodson Greenberg is the top lawyer at Cox Media Group, which owns dozens of TV and radio stations across the country. He recently wrote a series of articles for Bloomberg Law about how generative AI will change the relationship between law firms and their corporate clients—and not necessarily in the firms' favor. Greenberg told Bloomberg Law editors Jessie Kokrda Kamens and Daniel Xu that he wants to hear not just how firms can save him money with AI, but how they're using the technology to fundamentally change how they're working. "Firms are very wary of making the wrong technology bet, and for good reason," he said. "But not making a bet at all? I don't think that's a choice. Waiting to sort of see how it shakes out—which is a tried and true Big Law strategy—I think that's going to be too late." Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    14 m
  • Trump Attacks Could Have Killed Law Firms, Yale Prof Says

    Trump Attacks Could Have Killed Law Firms, Yale Prof Says
    Oct 7 2025
    President Donald Trump's attacks on law firms have hand their intended impact, even as courts shoot down executive orders against some as unconstitutional and the details of White House deals with others remain unclear, according to Yale Law School professor John Morley. "The point here is to extract a demonstrative form of obedience," Morely said. He said he's already seen a "chilling effect" with firms less willing to take on matters pushing back against the administration than in Trump's first term. Morley, who has studied law firm collapses, does not blame the leaders of firms that struck deals with the White House to avoid punitive executive orders. Court wins for the four firms who have challenged orders targeting them so far show that those firms made the right, albeit risky, choice to fight. "I am absolutely certain that, if one of these executive orders survived a temporary injunction proceeding, that would be the death of the firm," Morley said. "Or at least I think the probability is very high." Morley spoke to Bloomberg Law reporter Roy Strom on this episode of our podcast, On The Merits, about what has become of Trump's attacks on Big Law and what would happen if the President resumed them. He also discussed how they've changed the attitudes of his students at Yale about which firms they may want to work at in the future. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    14 m
  • NY's Oldest Law Firm Loses Key Partners, Faces Tough Choices

    NY's Oldest Law Firm Loses Key Partners, Faces Tough Choices
    Sep 30 2025
    You don't get to be the oldest law firm in New York without weathering some rough spots. But this may be one of the most difficult periods Cadwalader, Wickersham & Taft has ever gone through. The Wall Street firm, which this week announced a new managing co-partner, has lost nearly three dozen partners just this year. And not all of them have left because of the firm's controversial deal with President Trump for free legal services. On today's episode of our podcast, On The Merits, Bloomberg Law reporter Justin Henry explains why Cadwalader may be too specialized to thrive in today's full-service legal industry. He also talks about ways the firm can turn itself around without having to resort to a merger. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    12 m
  • Every Law Firm Should Build Their Own AI, Yale Professor Says

    Every Law Firm Should Build Their Own AI, Yale Professor Says
    Sep 25 2025
    Law firms "have gold sitting on their hard drives," according to Yale Law School professor Scott Shapiro. Shapiro has enthusiastically embraced the use of generative AI in his classroom. He says firms should draw on the mountains of proprietary information at their fingertips to build their own tools. "If only they would train the large language models correctly, they, I believe, would get absolutely stupendous results," he said. Shapiro spoke to Bloomberg Law editor Jessie Kokrda Kamens for our podcast, On The Merits, about why he thinks every firm should make its own AI and he explains how he and his students actually did this themselves using years of documents from his Yale legal clinic. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    12 m
  • Data Center Explosion Hands Big Law Cross-Practice Opportunities

    Data Center Explosion Hands Big Law Cross-Practice Opportunities
    Sep 23 2025
    On today's episode of On The Merits we hear from three lawyers working in the white hot world of data center projects. Mike Rechtin and Justin Stolte are, respectively, real estate and energy partners with Latham & Watkins, and Michelle Kallen is an appellate and advocacy partner at Steptoe. "The latest number that I've seen is a $50 billion annual investment in the data center construction area by 2030," Stolte tells Roy Strom. Stolte talks about how his firm has organized to address the explosion of generative AI and the infrastructure that supports it. Latham real estate partner Rechtin talks about the unique skill set that made him the perfect fit for the niche pursuit, and Steptoe's Kallen tells Jessie Kokrda Kamens about the rapidly evolving regulatory challenges that a robust infrastructure practice faces. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    19 m
  • Why Law Schools are Making a 'Big Mistake' in AI Era Admissions

    Why Law Schools are Making a 'Big Mistake' in AI Era Admissions
    Sep 18 2025
    The number of law students who graduated in the class of 2024 spiked compared to previous years. That worries Nikia Gray, the head of the National Association for Law Placement. "I think it's going to be a big mistake for law schools to continue to admit large law school class sizes," she said, "when we can predict with some pretty good certainty that GenAI is changing the business models of firms and their hiring practices." Gray spoke to Bloomberg Law editor Jessie Kokrda Kamens on our podcast, On The Merits, about the ways AI will change the jobs of entry-level attorneys. The former Quarles & Brady recruiter also discussed what law students should be doing right now to get ready for a job market that's about to get much more competitive. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    12 m
  • Trump's Law Firm Deals May Have Hurt Headcount: David Lat

    Trump's Law Firm Deals May Have Hurt Headcount: David Lat
    Sep 16 2025
    It's still not clear what, if any, fallout the law firms that struck pro bono deals with President Donald Trump earlier this year will face. But analyzing attorney movements over the last six months provides one data point. On average, law firms that settled subsequently lost attorneys more attorneys than those who fought the president in court, according to data obtained by Bloomberg Law columnist David Lat. But there are some firms that buck this overall trend as well as plenty of caveats. Lat joins our podcast, On The Merits, to walk us through this data on law firm headcounts since Trump started targeting law firms in the spring. Lat also talks about the lawyer moves that will likely happen later this year that could give us an even clearer picture of how firms are doing and what effect the Trump deals are having on them. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    15 m