By Thomas Spigolon | March 27, 2024
After revenue and profits grew in 2023, the firm wants to reach a goal to add enough new partners to exceed last year's head count of almost 300 lawyers, despite the mass exit in early 2024.
National Law Journal | Analysis
By Abigail Adcox | March 27, 2024
CEO Nancy Greene said the firm is looking at expansion possibilities, including in Wilmington and New York.
By Jessica Seah | March 27, 2024
Weil joins a growing line of top U.S. law firms that have closed offices in mainland China as the fractious geopolitical relationship between the U.S. and China and the prolonged market downturn force the world's top-performing law firms to reconsider their investments in China.
By Andrew Maloney | March 26, 2024
Winston has plenty of matters billed on a fixed fee basis or have "tremendous nuance" in billing, said Tom Fitzgerald, while the firm increased billing rates by roughly 7% or 8% overall.
By Andrew Maloney | March 26, 2024
Several Am Law 100 firms grew their income partner ranks by double-digit percentages in 2023. Multiple factors are pushing firms to rapidly expand this tier of partners, observers say.
By Patrick Smith | March 25, 2024
"Our profits per equity partner were down, but we baked that in," said Robert Bodian. "That reflects a significant investment in Toronto and Miami, and we finance everything through our profits."
New Jersey Law Journal | Analysis|News
By Amanda O'Brien | March 22, 2024
Core revenue increased from the previous year if contingency fees are removed from the equation, according to chairman and managing partner Gary Wingens. The firm is also poised to bring on a new chief operating officer, Goodwin Procter veteran Michael Caplan.
By Andrew Maloney | March 22, 2024
Several law firm leaders have said they are often more concerned with per-lawyer or per-partner thresholds, compared with top-line milestones.
By Patrick Smith | March 22, 2024
"There was no plan for mass de-equitization," said chair Kenneth Rosh. "We do manage it [the partnership], and there were some laterals who left and some retirements."
By Thomas Spigolon | March 21, 2024
"We're not going to limit the people who should be partners when they've achieved the firm's milestones," said CEO Betty Temple.
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