National Law Journal | Analysis|News
By Abigail Adcox | February 14, 2024
Even as the equity tier expanded and the firm's profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe's total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.
By Cassandre Coyer | February 14, 2024
Though law firms' structures have long been an obstacle to successful unionization efforts, generative AI could push the legal industry to consider collective bargaining.
By Maria Dinzeo | February 14, 2024
"The people who regulate the profession are the profession. They are judges and members of the bar. So what incentive do they have to give away that control to the machine?" said Foster Sayers, vice president of legal ops at health tech company symplr.
National Law Journal | Analysis
By Abigail Adcox | February 12, 2024
"Many do compete with the New York firms," said Wells Fargo's Owen Burman about D.C. firms. "But it's not universal."
By Hugo Guzman | February 12, 2024
"The NLRB continues to limit an employer's right to manage its workforce. All employer-employee communications are on the table and should be evaluated for overbreadth," Miles and Stockbridge counsel Rebecca Leaf wrote in a note to clients.
By Hugo Guzman | February 12, 2024
As the public's trust in civic institutions declines, "individuals often seek out non-mainstream information sources that align with preexisting beliefs," the consulting firm Gartner said in a report.
National Law Journal | Analysis
By Abigail Adcox | February 12, 2024
D.C. firms say their deep regulatory and litigation background is working to their advantage, contributing to growing profits, particularly in years where transactional work has been softer.
The American Lawyer | Analysis
By Justin Henry | February 9, 2024
After profits per equity partner dipped by 5.7% in 2022, they climbed by 6.6% in the last year, according to data from Citi's Global Wealth at Work Law Firm Group.
By Chris O'Malley | February 9, 2024
Former JetBlue Airways executive Mike Barger said one of the most valuable roles a legal chief can play is devil's advocate.
By Alaina Lancaster | Zack Needles | February 8, 2024
Last week, Legal Speak was live on location at Legalweek 2024 in New York City, where we interviewed professionals from across the legal industry about everything from the practical applications of generative AI to the benefits of sharing ideas and advice with both colleagues and competitors.
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