A Biglaw firm has been generating significant revenue through its lobbying efforts, earning $15.7 million in lobbying fees in the second quarter and $15.8 million in the first quarter of 2023.
Perkins Coie has deferred the start dates for its first-year associates, except those in the intellectual property practice, from this fall to January 16, 2024, due to challenging market conditions that have slowed demand for legal work in several areas of practice. The firm is providing a $15,000 stipend to cover living expenses for those deferred. The move highlights the current market conditions and the importance of considering market-resistant areas of practice such as intellectual property.