Law Firm Management

Exclusive law firm financial reporting and rankings. News, trends and analysis of law firm management; leadership profiles, market reports and case studies.

International Edition

Former PwC Australia Partner Sues Firm Over Pension Payments

By Christopher Niesche | February 11, 2024

PwC said the partner forfeited his posttermination payments when he went to DLA Piper, which PwC deemed a "major competitor."

3 minute read

International Edition

Law Firms' Debt Secret

By Paul Hodkinson | February 11, 2024

Using debt to fund expansion and investments make sense, but it also points to a possible lack of financial planning, writes the Global Lawyer

5 minute read
International Edition

Law Firms Witnessed a 'Return to Profit Growth' in 2023

By Justin Henry | February 9, 2024

After profits per equity partner dipped by 5.7% in 2022, they climbed by 6.6% in the last year, according to data from Citi's Global Wealth at Work Law Firm Group.

5 minute read

International Edition

Opening of Brazil's Gambling Market Brings Lawyers Tons of Work

By Amy Guthrie | February 9, 2024

Work has "exploded" for lawyers who advise gambling companies and their suppliers since a sports betting law was enacted in December.

4 minute read
International Edition

Clyde & Co Moves Middle East Regional HQ to Saudi Arabia

By Peter Shaw-Smith | February 9, 2024

International law firms have long regarded Dubai as their de facto Middle East headquarters, but two of the region's four largest law firms have now moved it to Riyadh.

3 minute read
International Edition

'There Is Concern': A&O Shearman Insiders on Initial Hurdles Facing Firm

By Jack Womack | February 8, 2024

Questions are being asked internally about how the impending tie-up will work in the US, the timing of merger architect Wim Dejonghe's departure, and the integration of certain offices.

8 minute read
International Edition

Freshfields Takes On Bank Debt for First Time Since at Least 2009

By Charlotte Johnstone | Habiba Cullen-Jafar | February 6, 2024

The near-£90 million of debt listed in its LLP accounts coincides with a 39% surge in its US revenues. Meanwhile, both Freshfields and Ashurst have dipped into their cash reserves.

4 minute read
International Edition

Clifford Chance Lures 2 Partners From Kirkland & Ellis

By Abigail Adcox | February 5, 2024

As Clifford Chance continues expanding its energy and infrastructure capabilities in the U.S., the firm has hired partners in Houston and Washington, D.C.

3 minute read
International Edition

The Trouble with Elite Law Firm Differentiation

By Krishnan Nair | February 4, 2024

Big Law leaders have been increasingly accenting 'differentiation' and 'disruption'. But as firms shoot for the $3 billion threshold, these terms are becoming harder to define and justify, writes The Global Lawyer.

5 minute read
International Edition

Montreal Moves: KPMG Acquires 10-Lawyer Firm in Montreal, DLA Piper Hires Real Estate Litigation Partner

By Gail J. Cohen | February 2, 2024

Sweibel Novek Rabbat brings tax, estates and trust services expertise to the Big Four's legal presence in Canada's French-speaking province.

2 minute read
National Law Journal

Even With More Competition in DC, These Law Firms Still Have an Edge

By Abigail Adcox | February 12, 2024

D.C. firms say their deep regulatory and litigation background is working to their advantage, contributing to growing profits, particularly in years where transactional work has been softer.

7 minute read
Daily Report Online

On the Move: Maynard Nexsen Looks to Rebuild Cybersecurity Team; Taylor English Adds Tax Partner

By Thomas Spigolon | February 9, 2024

"We're going to continue to look to build it and grow it," said Maynard Nexsen CEO Jeff Grantham

6 minute read
Law.com

White Box vs. Black Box Compensation Systems

By J. Mark Santiago | February 9, 2024

Having a compensation system that clearly outlines partner expectations, provides the partners with the ability to validate the results by communicating the results back to them does more to build collegiality than an opaque system that, by its design, promotes distrust and ill will among partners.

5 minute read
Daily Report Online

Kilpatrick, 'Getting Deeper and Broader' With Largest Clients, Sees 13% Profit Growth

By Thomas Spigolon | February 8, 2024

The Atlanta firm decreased its equity partner tier by 7.6% to 106 partners, while its nonequity partner ranks expanded by 6% to 146.

5 minute read
Daily Report Online

Atlanta Law Firms See Faster Profit Growth, Despite Slowdowns in Revenue

By Thomas Spigolon | February 8, 2024

Firms have shifted their leverage models, helping to bump up profits per equity partner for a second year, said Wells Fargo.

5 minute read
The Legal Intelligencer

Schnader Harrison Faces Class Action Over Allegedly Misappropriated Attorney Compensation

By Amanda O'Brien | February 8, 2024

The suit says that income partners and counsel were forced to defer a portion of their annual compensation into the firm's pension plan, despite the pension plan itself not requiring such a contribution, and that money was ultimately commingled with firm operating funds.

4 minute read
Texas Lawyer

Ex-Prosecutor Builds Niche Practice in Civil Human-Trafficking Suits

By Adolfo Pesquera | February 7, 2024

A former prosecutor turned personal injury lawyer is making it his mission to bring accountability to the hotel industry when corporations turn a blind eye to sex trafficking on their properties.

5 minute read
New York Law Journal

Long Island Midmarket Firm Announces New Managing Partner, Leadership Structure

By Andrew Denney | February 7, 2024

The announcement from Long Island-based Moritt Hock comes during a period of high turnover in leadership positions at a number of Am Law 200 firms.

2 minute read
The Legal Intelligencer

Pennsylvania's Am Law 100 Firms Are Diving Into Gen AI

By Amanda O'Brien | February 6, 2024

Ten firms with roots in the commonwealth that discussed their AI use with Law.com. A majority indicated that most of their use cases for the new technology were internal rather than client-facing.

7 minute read
The American Lawyer

Paul Hastings Hires White & Case Partner to Co-Chair Capital Markets Practice

By Patrick Smith | February 5, 2024

The firm's growth strategy includes expanding capital markets for a practice that is more than just a "support function" for other practices, said firm chair Frank Lopez.

3 minute read

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