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March 22, 2024 | The American Lawyer

More Big Law Firms Are Crossing Financial Milestones. How Much Do They Care?

Several law firm leaders have said they are often more concerned with per-lawyer or per-partner thresholds, compared with top-line milestones.
5 minute read
March 22, 2024 | The American Lawyer

'We Are Evaluating This Lawsuit': Lewis Brisbois Responds to Complaint Filed by Ex-Partner

"Indeed, both of Mr. Lofton's immediate supervisors, John Barber and Jeffrey Ranen, have a well-documented 15-year history of exchanging racist remarks over defendant's email system with lawyers throughout LBBS—ranging from junior associates to fellow partners," the complaint said. "These emails included 'gratuitous use' of the n-word."
5 minute read
March 22, 2024 | The American Lawyer

Orrick Shutters Pair of Offices in Attempt to 'Rebalance' Regional Platform

The market downturn in Asia has forced many international firms to cut back on their operations in the region, especially in Greater China. In the past year, Latham & Watkins, Perkins Coie, Proskauer Rose, and Akin Gump Strauss Hauer & Feld have all shuttered offices in mainland China.
4 minute read
March 22, 2024 | The American Lawyer

Law Firm Data at Risk? The Microsoft AI Loophole That Legal Players Missed

Sources said several law firms and legal tech providers dove into integrations with Microsoft's Azure OpenAI Service without noticing the fine print that authorizes Microsoft employees to manually review certain prompts.
10 minute read
March 22, 2024 | The American Lawyer

Fried Frank Crosses $1B in Revenue as PEP Soars 21% and Equity Tier Declines

"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."
6 minute read
Law Journal Press | Digital Book Texas Legal Malpractice & Lawyer Discipline 2023 Authors: Charles F. Herring, JR, Jason M. Panzer, Leah Turner View this Book

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March 22, 2024 | The American Lawyer

Oh Baby! 6 of 7 Newly Minted Partners at Vinson & Elkins Have a Newborn

The fact that so many new partners at Vinson & Elkins have newborns may reflect a changing dynamic that associates on the partnership track aren't delaying the start of their families.
4 minute read
March 21, 2024 | The American Lawyer

The Law Firm Disrupted: As Reddit Goes Public, Big Law's Redditors Rail Against a Start Up

Two former Big Law associates wandered into r/Biglaw looking to recruit for their remote, tech-forward firm. They were not made to feel welcome.
5 minute read
March 21, 2024 | The American Lawyer

Patterson Belknap Litigator Confirmed as FTX Examiner

Judge John Dorsey ordered the appointment of Patterson Belknap of counsel Robert Cleary to conduct a 60-day investigation of the FTX collapse.
3 minute read
March 21, 2024 | The American Lawyer

At Morrison & Foerster, Reduced Overhead and Steady Demand Led to 19% Profitability Gain

Strong performances in litigation, middle-market M&A and bankruptcy practices propelled the firm to a 6.2% increase in gross revenue.
6 minute read
March 21, 2024 | The American Lawyer

Womble Bond Dickinson's Revenue Rises Amid Flat Profits Per Partner

"We're not going to limit the people who should be partners when they've achieved the firm's milestones," said CEO Betty Temple.
6 minute read

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