The American Lawyer | Analysis
By Andrew Maloney | February 14, 2024
Partner lateral moves fell in 2023 but remained robust, according to data from Law.com Compass. And it's still a fragmented industry, including in lateral hiring.
The American Lawyer | Analysis
By Andrew Maloney | February 14, 2024
"Our talent levels became misaligned with our existing and projected client demand, particularly in our large transactional practices. I take responsibility for this and am truly sorry that those decisions have led to a significant impact on our people today," said Fenwick & West's chair.
National Law Journal | Analysis|News
By Abigail Adcox | February 14, 2024
Even as the equity tier expanded and the firm's profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe's total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.
By Cassandre Coyer | February 14, 2024
Though law firms' structures have long been an obstacle to successful unionization efforts, generative AI could push the legal industry to consider collective bargaining.
The American Lawyer | Analysis
By Justin Henry | Dan Roe | February 13, 2024
"It's interesting to me that those in the top 50 did even better than those in the next 50," said Marci Taylor, a law firm strategy consultant and founder of Mantra Partner, in regard to early reports.
National Law Journal | Analysis
By Abigail Adcox | February 12, 2024
"Many do compete with the New York firms," said Wells Fargo's Owen Burman about D.C. firms. "But it's not universal."
The American Lawyer | Analysis
By Dan Roe | February 12, 2024
Law firms are training attorneys on prompt engineering and feeding data into LLMs to get both parties acquainted with each other.
National Law Journal | Analysis
By Abigail Adcox | February 12, 2024
D.C. firms say their deep regulatory and litigation background is working to their advantage, contributing to growing profits, particularly in years where transactional work has been softer.
The American Lawyer | Analysis
By Justin Henry | February 9, 2024
After profits per equity partner dipped by 5.7% in 2022, they climbed by 6.6% in the last year, according to data from Citi's Global Wealth at Work Law Firm Group.
The American Lawyer | Analysis
By Amy Guthrie | February 9, 2024
The Brazilian Bar Association forbids international law firms from practicing local law in the country, but global law firms can still get in on the growing sector by advising on cross-border M&A.
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