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March 27, 2024 | The American Lawyer

Miles & Stockbridge Sees Revenue and Profits Rise as Partnership Contracts

CEO Nancy Greene said the firm is looking at expansion possibilities, including in Wilmington and New York.
4 minute read
March 27, 2024 | The American Lawyer

Weil Gotshal Shutters Beijing and Mulls Shanghai Closure

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.
3 minute read
March 27, 2024 | The American Lawyer

Law Firms Paid More for Less Space in 2023 as Downsizing Trend Continues

Prices per square foot went up nearly 5% in 2023 as law firm leasing activity peaked in Q4.
3 minute read
March 27, 2024 | The American Lawyer

The Am Law 200 Stepped Up Their Use of Litigation Funding Last Year

Even as third-party funders deployed less capital in the 12-month period ending June 30 owing to unfavorable macroeconomic conditions, the largest firms in the country saw their capital commitments rise, both in absolute and relative terms.
4 minute read
March 26, 2024 | The American Lawyer

Regional West Coast Firms See Modest Gross Revenue Increases, as Equity Partner Tiers Contract

Hanson Bridgett, Stoel Rives and Procopio all had gross revenue or profit increases last year, while declines in their equity partnerships helped to boost PEP.
6 minute read
Law Journal Press | Digital Book Anatomy of a Merger: Strategies and Techniques for Negotiating Corporate Acquisitions Authors: James C. Freund View this Book

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March 26, 2024 | The American Lawyer

Winston, Seeing Strength in 'Big Litigation' and Miami Practices, Sets Firm Revenue and Profits Records

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.
4 minute read
March 26, 2024 | The American Lawyer

Private Equity Designation Infographic: the Links Between Those That Give and Get Work

A visualisation shows the frequently named law firms and lawyers that designate mandates on PE transactions in the UK and those they routinely instruct.
1 minute read
March 26, 2024 | The American Lawyer

Latham & Watkins Grows Bonus Pool With 15% of Profits, as Firms Seek Flexibility to Reward Top Earners

While Latham has been gradually expanding its bonus pool, other firms have reallocated the value of share points to reach similar ends.
5 minute read
March 26, 2024 | The American Lawyer

Deal Watch: Wachtell, Skadden, Cleary Land on Big Healthcare Deals; Dealmakers Stay Optimistic

"People are more open to looking at M&A transactions," said Linklaters' George Casey. With inflation getting under control and the Fed expecting lower rates, "you can start thinking how you can finance."
9 minute read
March 26, 2024 | The American Lawyer

Diversity of Practices Helped Foley Grow Revenue by 8.1%, Profits Per Equity Partner by 11.5%

The firm posted higher revenue and profits, even as its lawyer head count was steady in 2023.
5 minute read

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