By Andrew Maloney | October 6, 2023
"The decline in realization is happening even before the client is billed," analysts said in a new report analyzing billing rates.
By Dan Roe | October 4, 2023
Law firms are emphasizing billing hygiene, conducting profit education and improving utilization levels to shore up profits by the end of 2023.
The American Lawyer | Analysis
By Justin Henry | September 29, 2023
As firms move partner pay systems away from favoring seniority toward favoring productivity, cultural challenges ensue.
By Andrew Maloney | August 31, 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.
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.
The Legal Intelligencer | News
By Amanda O'Brien | August 23, 2023
Owen Burman, a senior consultant and managing director with Wells Fargo, indicated that firms based in the city are likely catching up with their peers elsewhere in the country.
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 9, 2023
Am Law 100 firms have tried to cut head count and expenses, midsize firms have sought to bolster revenue, and the Second Hundred have sought "to find a Goldilocks zone between the two," says a new report.
By Abigail Adcox | July 20, 2023
Law firms still reported significant activity surrounding must-pass legislation.
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