The Legal Intelligencer | News
By Amanda O'Brien | Justin Henry | March 13, 2023
"The better your 2021 was, the harder your 2022 was going to be," said CEO Henry Nassau.
The Legal Intelligencer | News
By Justin Henry | Amanda O'Brien | March 9, 2023
The firm's leaders pointed to a more hesitant transactional client base in concert with 49 lawyer hires during the final quarter of 2022.
By Andrew Maloney | March 8, 2023
"The top 200 firms should hold back on raising rates to fill their shortfall for 2023, as clients are watching and weighing alternatives," recommends a new report.
The Legal Intelligencer | Analysis
By Justin Henry | March 2, 2023
Leaders have also sought to economy-proof the firm by developing niche practices and affiliate companies that clients can't find at competitors.
The American Lawyer | Analysis
By Justin Henry | February 28, 2023
While some of the firm's corporate and transactional practices softened in 2022, leaders said that change highlighted the importance of maintaining a roughly 50/50 balance between litigation and corporate work.
The Legal Intelligencer | Analysis
By Justin Henry | February 24, 2023
"Going into 2022, the test we thought we were going to see is, 'Is this a sustainable number?'" chair Mark Stewart said of revenue that jumped by double digits the previous year. "We saw modest growth, but we answered the critical question, 'Yes, this is where we are.'"
By Andrew Maloney | February 14, 2023
Law firms can see some signs of improvement, including moderating expenses and transactional demand that remains above pre-pandemic levels. But a shaky economy in 2023 could put that in jeopardy.
The American Lawyer | Analysis
By Dan Roe | February 9, 2023
Prior to January's layoffs, the law firm has hired more than 600 lateral associates and lost nearly 400 since 2020, an American Lawyer analysis found.
The Legal Intelligencer | News
By Justin Henry | February 7, 2023
Billable hours per lawyer dipped by just 4.4% in a sample of Philadelphia-based firms, compared to 6.1% nationwide and 9% in New York. A Wells Fargo analyst credited the region's diverse practice mix for the relatively strong performance.
By Andrew Maloney | February 7, 2023
Firm costs actually dropped by the end of 2022, partly because firms were more frugal in staffing and pay. Law firms will continue to be vigilant on expense growth in 2023, analysts say.
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