The American Lawyer | Analysis
By Andrew Maloney | March 6, 2024
"The movement over the past month has [confirmed that] we're going to continue seeing some of the largest, highest-profit firms have this tremendous recruiting advantage," noted law firm consultant Kristin Stark.
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.
National Law Journal | Analysis
By Abigail Adcox | February 12, 2024
"Many do compete with the New York firms," said Wells Fargo's Owen Burman about D.C. firms. "But it's not universal."
The American Lawyer | Analysis
By Dan Roe | January 10, 2024
Dechert has hiked its rates for a top partner by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.
By Andrew Maloney | January 9, 2024
"Many law firms have seen their ability to collect on those increasing rates falter, and clients have become more aggressive about trying to tier work to lower-cost firms," according to a new industry report.
By Patrick Smith | January 2, 2024
Frank Aquila, partner in Sullivan & Cromwell's corporate group, said the tempering of inflation and the broader economic news that ushers in could be a boon for M&A in 2024.
The American Lawyer | Analysis
By Justin Henry | December 28, 2023
Though firms have different approaches, the momentum in partner compensation is heading toward merit-based rewards to compete for rainmakers and grow profitability.
The American Lawyer | Analysis
By Andrew Maloney | December 12, 2023
Most of the law firms that have confirmed matches to the latest associate salary scale have PEP above $2 million a year and more than $1 dollars in gross revenue.
By Andrew Maloney | December 6, 2023
Firms can anticipate a rebound in transactional practices heading into 2024. "As such, we expect 2024 to be a better year than we saw in 2023," said Citi and Hilderbrandt Consulting in a new report.
By Andrew Maloney | November 21, 2023
Law firms will try everything in their control, such as setting up so-called milestone payments on next year's work or using discounts to incentivize payment of outstanding bills.
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