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National Law Journal

Sullivan & Cromwell Says Client Demand, Government Activity Led to National Security Practice Focus

The Wall Street law firm's national security group will initially have five co-heads and about a dozen attorneys "actively involved," said Anthony Lewis, Sullivan & Cromwell partner.
3 minute read

The American Lawyer

In AI Talent Battle, Big Law May Be the Underdog

Law firms aren't just competing with each other for talent, they're in a fight that involves virtually every other industry.
5 minute read

The American Lawyer

Letter From London: A&O Shearman—How To Know If It's Working

Here are five things to look out for that will offer some insights into the merger's success before any clear financial metrics emerge, writes Law.com International Editor-in-Chief Paul Hodkinson in this bimonthly column.
7 minute read

The American Lawyer

Billing Rate Increases, Demand Gains Help Law Firms Double Their Revenue Growth in Q1

Billing rate growth "continues to be the primary contributor to revenue growth," with standard rates increasing 9% in Q1 2024, Wells Fargo said.
4 minute read

The American Lawyer

Simpson Thacher Plans Boston Office, Hires Skadden Funds Partner

The New York law firm is the third Am Law 100 law firm to announce a Boston location in the last eight days.
4 minute read

Daily Report Online

Increased IRS Enforcement Helped Chamberlain Hrdlicka Grow Revenues, Profits in 2023

The Southeast being "kind of the epicenter of IRS enforcement" involving conservation easement disputes in 2023 was the main driver of increased profits, the managing shareholder said.
5 minute read

The American Lawyer

AI Will Ramp Up Intense Big Law Battle for Talent, Client Share

Law firm profit margins will decrease because "AI disproportionately impacts non-partner hours," the hours yielding the highest margins, noted a Law.com Pro Fellows report.
5 minute read

The American Lawyer

Deal Watch: Kirkland and Latham Pull Double Duty as PE Deals Flow

Private equity deals appear to be making a comeback this year.
8 minute read

The American Lawyer

Revenue Up 3.5%, PEP Grew 10.4% at Hunton Andrews As Demand Revved Up Last Fall

The firm saw its financial metrics rise in 2023, as demand across a range of practices accelerated during the second half of the firm's fiscal year.
5 minute read

The American Lawyer

As They Plan Expansion, Most of Big Law in Missouri Grew Revenue and Profits Last Year

Among nine Am Law 200 firms from the Show Me State, the majority saw gains in revenue, RPL and average profits per equity partner.
5 minute read

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