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By Amanda O'Brien | March 8, 2024
Thomas Duffy accused his former law partner Ken Fulginiti of withholding settlement fees on Wednesday, just a week after Fulginiti filed his own lawsuit—withdrawn a day later—accusing Duffy of defrauding him of millions.
4 minute read
By Alexander Lugo | March 8, 2024
Because of the large gap between standard and agreed rates, some firms have been able to raise rates for clients quietly. Now, there's seemingly pushback.
5 minute read
By Amanda O'Brien | March 7, 2024
The firm's revenues climbed by 5.5% to hit $653 million. "We're not looking for a business that's up 20% in the good years and down 8% in the bad years," explained firm chairman Michael Heller.
6 minute read
By Amanda O'Brien | March 5, 2024
Ken Fulginiti accused Thomas Duffy Jr. of understating profits and spending revenues on "vanity expenses" and personal needs.
6 minute read
By Amanda O'Brien | March 5, 2024
"Five years ago, if you said the phrase 'succession planning,' people's hair would catch on fire," Adam Smith, Esq. partner Janet Stanton said.
7 minute read
By Hugh A. Simons | March 5, 2024
"Most partners in support practices are earning dramatically more than they ever thought they would, and at root they know they're earning more than their practices warrant," writes Hugh Simons.
5 minute read
By Michael A. Mora | March 4, 2024
"Sure, the defendants would have liked the $1.2 million in attorney fees," said Bill Schifino, a shareholder at Gunster. "But the most important thing for the defendant was winning the case and they did so hands down."
4 minute read
By Brenda Sapino Jeffreys | March 4, 2024
The midsize New York firm's compensation system moved away from an 'eat-what-you-kill' system to criteria that still includes origination, but also at overall financial performance and workload, and "qualitative factors" such as corporate citizenship, collaboration, and efforts toward institutionalization of clients.
5 minute read
By Brenda Sapino Jeffreys | March 1, 2024
Morrison Cohen, a midsize law firm in New York, announced that nine partners are departing, with seven expected to join Am Law 200 firm Loeb & Loeb.
4 minute read
By Alexander Lugo | February 28, 2024
Receipts from the Central Florida Tourism Oversight District show that labor and employment attorneys raised rates dramatically while increases in other practices were more muted. Firms billing the entity include FordHarrison, BakerHostelter and Greenberg Traurig.
4 minute read
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