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Competitive intelligence and news on billing rates, evolving rate pressures and alternative pricing.
By Allison Dunn | November 29, 2022
"Defendants have not established that Mr. Kaufman's conduct qualified as the unauthorized practice of law. Some of Defendants' evidence shows that Mr. Kaufman corresponded repeatedly about the potential FHR deal with an attorney for the bank. ... But these documents merely show that Mr. Kaufman was acting as Mr. Feinberg's representative or intermediary in a business deal," Judge Victor A. Bolden wrote in his ruling.
6 minute read
By Andrew Maloney | November 22, 2022
"We're seeing higher planned rate increases at this point than we've ever seen, and we've been tracking this for 15 years," said a Wells Fargo analyst.
4 minute read
By Alexander Lugo | November 18, 2022
While revenue for law firms throughout the U.S. went up by 4.6% in the first three quarters of 2022, Florida firms saw a 10.7% increase, according to Wells Fargo data.
3 minute read
By Jacob Polacheck | November 17, 2022
The law firm's Georgia practice will focus on litigation and restructuring, with billing rates topping around $550 an hour.
3 minute read
By Justin Henry | November 1, 2022
Scott Diamond's temporary suspension comes as he awaits sentencing for allegedly defrauding the firm. His federal hearing has been delayed to December.
4 minute read
By Dan Roe | October 31, 2022
Midsize firm leaders expected a rise in flat-fee requests from clients under pressure to control costs, but getting too many requests in a specific area could signal pricing pressures on firms themselves on the horizon.
4 minute read
By Jessie Yount | October 26, 2022
Prospective clients are searching for more reasonable rates, more efficient staffing, more discerning billing practices, and more creative fee arrangements.
6 minute read
By Mason Lawlor | October 24, 2022
"Many of the entries appeared exaggerated given the type of work performed or the amount of time it was documented to have actually taken," the court wrote in its order of reciprocal discipline.
4 minute read
By Anne Bagamery | October 19, 2022
The office, which opened in 1962 and was the firm's first outpost outside the U.S., today counts five lawyers, including one partner, who are all being outplaced, the firm said.
3 minute read
By Andrew Maloney | October 19, 2022
Partners in Dallas, Atlanta, Houston and Minneapolis reported the largest gains in average compensation, while Philadelphia, Los Angeles and Miami all reported noticeable declines.
4 minute read
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