National Law Journal | Analysis
By Abigail Adcox | February 22, 2024
The firm's expense growth was driven by investments in new ancillary businesses, as well as overhead for new firm offices, lawyer compensation and inflation, said Michael Martz, Vorys managing partner.
By Patrick Smith | February 22, 2024
The firm's revenue growth last year was slower than in recent years, but McDermott Chair Ira Coleman said the firm's concept of "institutional health" was the larger focus.
By Andrew Maloney | February 21, 2024
Dorsey wouldn't close the door on any merger opportunities, said managing partner Bill Stoeri, but adding he's probably more amenable to group laterals and smaller firm acquisitions.
The American Lawyer | Analysis
By Justin Henry | February 21, 2024
Roughly 8% of the firm's $2.07 billion in revenue came in the form of contingency fees, according to Michael Carlinsky, one of three co-managing partners at the firm.
By Thomas Spigolon | February 21, 2024
The firm's PEP dropped by 5% to $820,000, as its equity tier expanded and its nonequity tier shrunk by 9%, bucking a trend in the industry of growing the nonequity ranks.
The American Lawyer | Analysis|News
By Amanda O'Brien | February 21, 2024
"We saw these huge gains in litigation, including product liability, intellectual property, class actions, appellate work," said Chair Gina Kastel, who is close to completing her first year in the role.
By Brenda Sapino Jeffreys | February 15, 2024
Chairperson Kim Koopersmith said Akin Gump Strauss Hauer & Feld's record year is due to strategic hiring in important practices.
The American Lawyer | Analysis
By Dan Roe | February 15, 2024
As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
The American Lawyer | Analysis
By Andrew Maloney | February 14, 2024
"Our talent levels became misaligned with our existing and projected client demand, particularly in our large transactional practices. I take responsibility for this and am truly sorry that those decisions have led to a significant impact on our people today," said Fenwick & West's chair.
National Law Journal | Analysis|News
By Abigail Adcox | February 14, 2024
Even as the equity tier expanded and the firm's profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe's total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.
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