By Andrew Maloney | February 27, 2024
California had the most law firm mergers and office openings of any U.S. state last year. "It's the revival of the Southern California economy, particularly Los Angeles. And you have life sciences and biotech in San Diego that's been very interesting, and some of that leading out to Orange County," one consultant said.
By Justin Henry | Alexander Lugo | February 21, 2024
Prominent law firms are finding themselves adverse to former clients in unpaid fee litigation as collection cycles lengthen, but not every dispute is worth litigating.
By Dan Roe | February 14, 2024
As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
By Thomas Spigolon | February 5, 2024
If midsize firms can't match the top of the market in associate compensation, they should tout other perks to potential recruits, said recruiter Steve Stone. For some, non-financial benefits include earlier access to client contact and work-life balance.
By Justin Henry | Amanda O'Brien | January 29, 2024
The shift away from HR terminology to "talent development" has largely played out among large law firms, where titles such as chief people officer and chief talent officer are widespread, and is gradually encroaching on the midsize firm sector. Consultants say this evolution is tied to the aggressive war for talent in the legal profession.
By Dan Roe | January 23, 2024
Rate flexibility and client conflicts drove Big Law attorneys to smaller firms in 2023, leading to gains for Munsch Hardt Kopf & Harr in Texas, Stoel Rives in Oregon and Potter Anderson & Corroon in Delaware.
By Justin Henry | January 4, 2024
Law.com Pro Mid Market takes a look at the motivations and circumstances that led to recent mergers and acquisitions of law firms. "If you're not a certain size, it's hard to compete for talent and it's hard to retain," said one consultant.
By Dan Roe | December 29, 2023
The Mid-Market 50, a ranking of the highest-grossing midsize law firms in the country, outperformed the fourth tier of the Am Law 200—law firms ranked 176 to 200 nationally by gross revenue—in several financial growth metrics.
By Justin Henry | Jessie Yount | December 12, 2023
"There's an old standby that the younger generation doesn't work as hard," said law firm management consultant Tim Corcoran, calling this a "false read."
By Dan Roe | December 6, 2023
DEI pushback and lawsuits have so far targeted the "lowest hanging fruit," so tidying up policy language and reviewing organizational values can prepare firms for scrutiny.
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