By Maria Dinzeo | Dan Roe | April 8, 2024
"If they figure out how to incorporate this technology into their comp model, then they'll be the winners," said Stephanie Corey, co-founder of the legal ops consulting firm UpLevel Ops, on the rise of AI and how it will disrupt the way law firms do business.
By Cedra Mayfield | Patrick Smith | Elana Ashanti Jefferson | April 5, 2024
In this week's Legal Speak episode, James Whittle with the American Property Casualty Insurance Association dives into the impact of what the organization has dubbed "legal system abuse" as social inflation—the belief that large corporations are "bad actors with deep pockets"—helps fuel "nuclear" verdicts.
By Abigail Adcox | April 5, 2024
As S&C and Williams & Connolly each take roughly a floor of extra space, Finnegan is giving back a floor in D.C.
By Andrew Maloney | April 5, 2024
Lateral partners are paid the same as they would be if they were in the equity tier, so they're not serving as "de facto leverage" for the existing equity partners, noted the firm's leader.
The Legal Intelligencer | Analysis|News
By Amanda O'Brien | April 5, 2024
The firm, like a number of peers, saw its equity partnership contract and its nonequity partnership expand.
National Law Journal | Analysis
By Abigail Adcox | April 5, 2024
Law firms may face business risks if a single client's bills make up more than 5% of a firm's total revenue, some consultants suggest, while others say the threshold would have to be much higher.
By Alexander Lugo | April 5, 2024
"When we see an area get soft, we see it as creating openings for us and we try to go countercyclical," Manatt CEO and managing partner Donna Wilson said.
By Dan Packel | April 4, 2024
Katrina Kostic Samen, leader of Savills Workplace Studio, argues that the office is going to make a comeback. And she says that smart firms should start conceptualizing what this looks like now.
By Andrew Maloney | April 4, 2024
The firm's profits per equity partner inched up by nearly 2% even as net income decreased by 6.4%.
By Patrick Smith | April 4, 2024
Firm chair Herb Washer said Cahill is looking to diversify its practice mix to mitigate the highs and lows of a market-dependent practice.
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