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Dan Packel is an editor on the Business of Law desk at ALM. He writes a weekly briefing for Law.com, "The Law Firm Disrupted," on change and innovation in the legal marketplace. He is based in Philadelphia. Contact him at [email protected]. On Twitter at @packeld
March 23, 2023 | Law.com
CEO Joe Conroy saw dark clouds on the horizon for the firm's dealmaking practices, but he didn't realize they would blow in so fast.
By Dan Packel
4 minute read
March 20, 2023 | Daily Report Online
The firm succeeded in building upon a 2021 in which it grew revenues and net income by over 20%.
By Dan Packel
4 minute read
March 16, 2023 | Law.com
There have been rumblings for years that the country, now home to the fifth biggest economy in the world, would liberalize its legal marketplace, and it finally happened.
By Dan Packel
4 minute read
March 9, 2023 | Law.com
A combination with Hogan Lovells would have helped Shearman & Sterling return to where it stood among the largest firms in the world over two decades ago. But was that the only reason it made sense?
By Dan Packel
4 minute read
March 2, 2023 | Daily Report Online
In addition to growing the top line by double digits, the firm also grew profits per equity partner by over 8%.
By Dan Packel
5 minute read
March 2, 2023 | International Edition
Outside of the U.S., the firm saw its London revenue drop due to a harsh environment for transactional work and its Asian outposts faced similar challenges for dealmaking. But Paris and elsewhere in Europe saw an uptick in activity, as did the Middle East, the firm said.
By Dan Packel
5 minute read
February 23, 2023 | Law.com
One economic forecaster predicts continued pain for the tech and finance industries, amid early signs that certain law firms serving these clients are feeling the pinch.
By Dan Packel
4 minute read
February 17, 2023 | Law.com
Allen & Overy is claiming that its embrace of an Open AI-backed platform will be a "game changer," but claims in press releases don't necessarily translate into reality.
By Dan Packel
4 minute read
February 9, 2023 | Law.com
Individual attorneys are no doubt experimenting with the tools that are available, but they don't necessarily fit into firms' economic models.
By Dan Packel
5 minute read
February 2, 2023 | Law.com
Will decision-makers embrace flexible lawyering the next time the demand cycle heats up to avoid a repeat of the current overcapacity crisis?
By Dan Packel
5 minute read
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