By Jack Womack | December 20, 2023
The merger of the two firms is due to formally take effect in May 2024, with 99% of partners at both firms approving the plans in October.
The Legal Intelligencer | News
By Justin Henry | December 11, 2023
Vernon Hill, founder of Commerce Bank in the U.S. and Metro Bank in the U.K., accused the firm of "top-heavy staffing, duplicative billing and excessive billing."
The American Lawyer | Analysis
By Chris O'Malley | December 5, 2023
"Some clients are super loyal to their firms that they work with, sometimes blindingly so," said Joan MacLeod Heminway, a University of Tennessee law professor.
By Andrew Maloney | November 28, 2023
"Our real value proposition is we provide coastal expertise at Midwestern rates," said one law firm leader. "You get a lot of bang for your buck."
By Andrew Maloney | November 16, 2023
Rate increases, by an average of nearly 8%, have helped the industry see an uptick in revenue between the second and third quarters.
The American Lawyer | Analysis
By Jessie Yount | November 13, 2023
AI isn't the first technology to disrupt the legal industry, but it's driving a faster pace of change and altering the law firm-legal department relationship, legal analysts report.
By Hugo Guzman | November 13, 2023
"Billable hours is all they know," consultant Ken Callander said of many in-house attorneys. "To move toward something other than that, it's really foreign to them."
By Dan Roe | October 3, 2023
Wachtell's "unethical" $70 million success fee justifies equitable relief—triggering a carveout in the firm's arbitration clause—X Corp.'s lawyers stated.
The American Lawyer | Analysis
By Andrew Maloney | Chris O'Malley | September 19, 2023
Amid rising billing rates, there's fresh optimism that innovation, not only on pricing plans but because of AI-related spending and projects, can lower costs on both sides.
By Jessie Yount | September 11, 2023
Wachtell counsel Morrison & Foerster on Friday filed a motion to compel arbitration of a lawsuit brought by Twitter over legal fees.
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