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'Self-Inflicted Damage' Becomes Driving Factor in Falling Law Firm Realization
"The decline in realization is happening even before the client is billed," analysts said in a new report analyzing billing rates.
Commercial Bankruptcy Set to Rival 2020 If Current Trends Hold
Not since the global financial crisis have large corporate bankruptcies been as common as they are this year, according to a new report by New Generation Research.
Fried Frank Leadership Sees Structural Shifts
While the leadership structure is in line with a trend of law firms spreading out management duties, new leadership may lack the diversity of some Big Law peers, especially those with recent changes.
Using Integration Discussions During Lateral Partner Interviews
"Firms which begin business opportunity/cross-selling discussions earlier—but not too early—see a significant net benefit in lateral partner recruiting. I also address some of the common resistance points and how to address them," Dan Binstock said.
This Litigation Funder Has Loaned Money To a Growing List of Troubled Firms
When Philadelphia-based Sacks Weston declared bankruptcy in August, it became the latest firm to do business with Virage Capital and then hit the skids.
Law Journal Press | Digital Book
District of Columbia Legal Malpractice Law 2024
Authors: Shari L. Klevens, Alanna G. Clair
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Midsize Firms Are Making Mergers Happen, Despite the Growing Odds
Rimon and Ligris & Associates are among the midsize firms that have completed mergers in the past week, finding commonality across culture and business objectives that set them up for the future.
Optimism About Profitability Declines Among Law Firm Leaders
Law firms are emphasizing billing hygiene, conducting profit education and improving utilization levels to shore up profits by the end of 2023.
Deadline Extended: Legalweek Leaders in Tech Law Awards 2024
The call for nominations for the 2024 Legalweek Leaders in Tech Law Awards is now open. Submissions are due October 13, 2023.
Norton Rose, Hogan Lovells, Other Global Law Firms Join Gen AI Training Consortium
They are working with law firm training provider SkillBurst to develop materials that give legal professionals "the basics" on how to effectively use these emerging tools.
Kirkland, Goodwin Lead League Tables as Global M&A Hits 10-Year Low
Davis Polk vaulted to No. 4 in the ranking of principal advisers in deal value, while Paul Weiss had the largest jump of the top five.TRENDING STORIES
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Revenue, Profit, Cash: Managing Law Firms for Success
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Law Firm Operational Considerations for the Corporate Transparency Act
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The Future of AI in Law
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