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Competitive intelligence and news on billing rates, evolving rate pressures and alternative pricing.
By Andrew Maloney | September 5, 2023
Common billing reminders often begin in September, from managers asking partners in meetings to pledge what they think they're going to collect, to some managers going door-to-door in the office to discuss it.
5 minute read
By Andrew Maloney | August 22, 2023
Firms benefitted from 7.7% average billing rate increases in the first half, Wells Fargo said, noting they are continuing to absorb productivity hits in the hopes of getting to the "other side" of the economic storm.
4 minute read
By Dan Roe | July 27, 2023
An 8 a.m.-to-6 p.m. workday would decrease profit margins by 15% to 20% at top firms. It may also be the only way for law firms to support many attorneys' mental health.
8 minute read
By Emily Saul | July 24, 2023
The global law firm filed a complaint alleging breach of contract, unjust enrichment, and other claims.
2 minute read
By Tom Parry | July 12, 2023
As charge-out rates rocket alongside inflation and interest rates, top in-house lawyers say that the need to revolutionise the billable hour model is more urgent than ever.
9 minute read
By Gail J. Cohen | June 21, 2023
Canada's largest city has a lot to offer and firms like Mintz and Cozen O'Connor have already started the trend to move north of the border.
6 minute read
By Gail J. Cohen | June 14, 2023
As U.S. firms shed lawyers, Canadian firms are holding steady and being more strategic in their hiring, says a new salary report.
3 minute read
By Dan Roe | April 22, 2023
Rates and expenses have a limited window to rise in unison before law firms have to turn to innovation.
8 minute read
By Dan Roe | March 31, 2023
Second-year associates and 19th-year partners share the same billing rate in recent bankruptcy filings.
3 minute read
By Paul Hodkinson | March 31, 2023
There are a few reasons why firms might be focusing on getting paid faster, but the timing is unfortunate, writes the London Lawyer.
4 minute read
By Maria Dinzeo | Dan Roe | April 8, 2024
"If they figure out how to incorporate this technology into their comp model, then they'll be the winners," said Stephanie Corey, co-founder of the legal ops consulting firm UpLevel Ops, on the rise of AI and how it will disrupt the way law firms do business.
10 minute read
By The Law Journal Editorial Board | April 5, 2024
There is no reason to treat out-of-state attorneys differently than in-state attorneys if we want only the more qualified attorneys to receive referrals in specialized areas of work.
5 minute read
By Stephanie Wilkins | April 3, 2024
Winston Legal Solutions aims to address client cost concerns by providing an alternative to the outsourced legal provider marketplace that combines firm-trained attorneys, established processes, advanced technology and generative AI tools.
5 minute read
By Dan Roe | March 25, 2024
While a few firms attributed declining realization to market factors, the majority are gladly exchanging lower realization for strong rate increases.
3 minute read
By Lisa Willis | March 22, 2024
"Previous to this, all the judges thought that it was discretionary," said Peter M. Feaman, the attorney who won the appeal.
5 minute read
By Justin Henry | March 20, 2024
A group of 185 Chinese limited partners who put money into a $2.5 billion redevelopment project in Century City, Los Angeles, say the firm's "failure to exercise a modicum of diligence" helped cost them their entire stake.
4 minute read
By Charles Toutant | March 14, 2024
The New Jersey Association for Justice is likely to challenge Opinion 745 to the Supreme Court, the group's president said.
5 minute read
By Alexander Lugo | March 8, 2024
Because of the large gap between standard and agreed rates, some firms have been able to raise rates for clients quietly. Now, there's seemingly pushback.
5 minute read
By Amanda O'Brien | March 5, 2024
Ken Fulginiti accused Thomas Duffy Jr. of understating profits and spending revenues on "vanity expenses" and personal needs.
6 minute read
By Michael A. Mora | March 4, 2024
"Sure, the defendants would have liked the $1.2 million in attorney fees," said Bill Schifino, a shareholder at Gunster. "But the most important thing for the defendant was winning the case and they did so hands down."
4 minute read
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The Daily Report is honoring those attorneys and judges who have made a remarkable difference in the legal profession.
Associate attorney position at NJ Immigration Law firm: Leschak & Associates, LLC, based in Freehold, NJ, is looking for a full time ass...
Company Description CourtLaw Injury Lawyers is an established Personal Injury Law Firm with its primary office located in Perth Amboy, New J...
Black Owl Recruiting is looking for a number of qualified applicants to fill positions for a highly reputable client. Recent experience work...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
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