The American Lawyer | Analysis
By Patrick Smith | Andrew Maloney | Hank Grezlak | August 28, 2023
Consultants and partners have bluntly described some younger associates as "lacking accountability and initiative." But surveys suggest younger lawyers and aspiring lawyers are more varied in their motivations than earlier generations.
The Legal Intelligencer | Analysis
By Amanda O'Brien | August 25, 2023
New data from Citi Private Bank Law Firm Group shows that Philadelphia had the third highest expense growth of any of the country's regions through the first half of 2023.
The American Lawyer | Analysis
By Andrew Maloney | August 25, 2023
Midsize law firms are seeing faster demand growth than big firms. But this segment of the market is still vulnerable to large, existential threats.
By Brenda Sapino Jeffreys | August 25, 2023
Law firms are continuing to seek out acquisitions as a means of growth, which comes with its share of both challenges and benefits.
The American Lawyer | Analysis
By Andrew Maloney | August 22, 2023
Sidley Austin's memo to associates about late time entries highlights that law firms are tidying up billing and collections procedures amid a slower demand environment.
By Andrew Maloney | August 21, 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.
The American Lawyer | Analysis
By Dan Roe | Trudy Knockless | August 17, 2023
Lawyers at all levels ranked unreasonable client demands among their top sources of stress and anxiety in a recent survey, but clients say high fees and a lack of pushback further the unhealthy dynamic.
By Jessie Yount | August 16, 2023
"We're in a different world of practicing the law today," one technologist said.
By Dan Roe | August 11, 2023
Lathrop GPM and Cozen O'Connor are interviewing current associates to find out what they do and don't like before they head for the door.
By Patrick Smith | August 10, 2023
"The largest driver of cost savings would stem from a reduction in the size of a firm's new associate class," Decipher's Greg Hamman said.
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