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By Habiba Cullen-Jafar | September 15, 2023
Many of the astronomical rises of the past couple of years have been 'corrected', with PEP at some firms dropping by as much as 55%.
4 minute read
By Krishnan Nair | September 14, 2023
This year's ranking contains several warnings—chief among them being the need for further corrective measures to address the shrinking profit margins.
4 minute read
By Habiba Cullen-Jafar | September 14, 2023
Overall fee income growth at the UK's top firms outstripped the AmLaw 100 in 2023, but average partner profits fell at the worst rate since the financial crisis.
4 minute read
By Jessica Seah | September 6, 2023
International firms are struggling to hire and domestic Chinese firms are growing at a much slower pace than just two years ago. With continued volatility in China, law firms aren't sure how to plan their growth and lawyers looking at the lateral market are wondering where they should go.
8 minute read
By Jack Womack | September 6, 2023
Staff bonus payments will not be paid out this year, with the firm citing 'the challenging economic back drop'.
2 minute read
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 Justin Henry | September 5, 2023
"I don't want to talk to firms that have huge pension commitments or revenue drops because of partner departures or that are suffering in branding recognition. We would like to be opportunistic and associate ourselves with winners," said Miguel Zaldivar.
6 minute read
By Jack Womack | August 25, 2023
Though the UK listed law firm's revenue edged up, the firm's leaders said they did not expect to undertake 'any material M&A in the short term' due to economic pressures.
2 minute read
By Habiba Cullen-Jafar | August 25, 2023
The LLPs also showed that the firm made almost £3 million more from currency exchange rate fluctuations in the past year.
3 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 Andrew Maloney | April 1, 2024
"Given the equity partner promotion ratios, [firms] could be looking at a long-term problem," said law firm consultant Brad Hildebrandt.
6 minute read
By Justin Henry | March 29, 2024
"The last three years, when you look at them as a whole, were the best three years we've ever had," said co-chair David Forti.
6 minute read
By Abigail Adcox | March 29, 2024
"We had another very good year, particularly given the sort of uncertainties around the economic environment," chairman Robert Sartin said in an interview.
3 minute read
By Justin Henry | March 28, 2024
"We saw financial growth from top 200 clients, including significant increases in international engagements, which indicates that our global platform is working for our international clients," said global managing partner Casey Ryan.
5 minute read
By Patrick Smith | March 28, 2024
As the firm's equity-only partnership expanded 13% to 78 partners last year, the firm's profits per partner dipped 7.7% to $3.34 million,
5 minute read
By Brenda Sapino Jeffreys | March 28, 2024
Marking 32 years straight of higher revenue, rising 6.5% in 2023, Sheppard, Mullin, Richter & Hampton also saw even healthier increases in net income and profits per equity partner.
5 minute read
By Andrew Maloney | March 27, 2024
While Seyfarth's head count decreased last year, the firm is looking for growth in its major markets and "actively exploring" the South Florida market, the firm's leader said.
3 minute read
By Thomas Spigolon | March 27, 2024
After revenue and profits grew in 2023, the firm wants to reach a goal to add enough new partners to exceed last year's head count of almost 300 lawyers, despite the mass exit in early 2024.
8 minute read
By Amanda O'Brien | March 27, 2024
"We outperformed in M&A," said Peter Michaud. "We have done that historically, where when the market sees a downturn in M&A, we'll still do well."
6 minute read
By Abigail Adcox | March 27, 2024
CEO Nancy Greene said the firm is looking at expansion possibilities, including in Wilmington and New York.
4 minute read
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.
Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
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Company Description CourtLaw Injury Lawyers is an established Personal Injury Law Firm with its primary office located in Perth Amboy, New J...
McCarter & English, LLP, a well established and growing law firm, is actively seeking a talented and driven associate having 2-5 years o...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
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