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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.
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Shearman Europe Head to Exit Firm Ahead of Merger
By Jack Womack | March 18, 2024
Before becoming the firm's EMEA head in 2020, Ward McKimm was Shearman's co-global head of leveraged finance for nearly two years.
2 minute read
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In Another Round of Layoffs, BCLP Cuts 50 Roles Across US And UK Offices
By Kasvi Sehgal | March 18, 2024
"We are conducting a small and targeted restructuring in selected areas of the firm to manage costs and shape our size and capabilities to practice demand," a firm spokesperson confirmed.
2 minute read
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Kirkland Crosses $7B Mark, With Steady And Countercyclical Business Drivers
By Andrew Maloney | March 18, 2024
The firm continued to improve its profit margin, as average PEP rose nearly 6% to $7.955 million, according to American Lawyer reporting.
5 minute read
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Withers Enters into Alliance with Indonesian Boutique
By Jessica Seah | March 18, 2024
Founded in 2020, Karna Partnership counts five partners and 12 other lawyers.
3 minute read
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Holland & Knight Reports Double Digit Revenue Growth Amid Merger, Leadership Transition
By Alexander Lugo | March 15, 2024
The firm, which grew in Colombia and also has two offices in Mexico, reported over $1.8 billion in 2023 revenue, marking the addition of over $800 million to the top line since 2019.
4 minute read
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'Don't Be an A**hole': Clients Reflect on Mental Health Crisis
By Habiba Cullen-Jafar | March 15, 2024
With many saying clients hold the key to addressing the legal industry's mental health crisis, Law.com International gathered views from a range of in-house lawyers.
8 minute read
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Willkie Continues Growth Run, Seeing 8.7% Rise in Revenue and 29% Expansion in Nonequity Tier
By Patrick Smith | March 14, 2024
Revenue from the firm's London office generated $130 million -- an increase of 30% year-over-year, co-chairs Matthew Feldman and Tom Cerabino said, adding that Willkie Farr derives about 20% of its revenue from Europe and the U.K.
5 minute read
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A&O Shearman's New Leaders Show Combined Firm is 'Neither UK Nor US Centric'
By Jack Womack | March 14, 2024
Current and former partners give their views on the surprising election results that mean neither of the combined firm's two leaders will be based in either of its two biggest regions.
5 minute read
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O'Melveny Re-Elects Chair, Prepares for 'Tremendous' 2024 After Revenue Dip
By Dan Roe | March 14, 2024
Gross revenue slid by 3.6% last year, but the firm started March 2024 with 20% more inventory than the previous March.
6 minute read
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A Bright Future For Litigation Boutiques?
By Sinead O'Callaghan, Cooke Young & Keidan | March 13, 2024
They can avoid conflict problems and are benefitting from the advancement of AI, but larger firms have an advantage in pay wars and dealing with administration and compliance burdens.
4 minute read
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Moore & Van Allen Leans Into Countercyclical Practices for Revenue, Profit Growth
By Thomas Spigolon | March 25, 2024
While banking and finance is its largest practice, the Am Law 200 firm saw gains from litigation, restructuring, IP and real estate.
5 minute read
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DLA Piper Hires Veteran Africa Legal Expert for D.C. Office
By Alfred Olufemi | March 25, 2024
Kalidou Gadio, a former general counsel of the African Development Bank, joins from Curtis, Mallet-Prevost, Colt & Mosle to co-chair DLA's U.S.-Africa practice.
2 minute read
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Mintz Sees Revenue Hit All-Time High as Profits Dip Amid Office Expansion
By Patrick Smith | March 25, 2024
"Our profits per equity partner were down, but we baked that in," said Robert Bodian. "That reflects a significant investment in Toronto and Miami, and we finance everything through our profits."
5 minute read
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How I Made It: 'Don't Negate the Soft Skills,' Says Christine E. Hollis of Marshall, Gerstein & Borun
By ALM Staff | March 25, 2024
"Don't negate the soft skills. Knowledge is excellent, and it will carry you far, but leadership and managing initiatives are about relationship management."
8 minute read
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Lowenstein Sandler Sees Double-Digit Drops After Contingency-Aided 2022
By Amanda O'Brien | March 22, 2024
Core revenue increased from the previous year if contingency fees are removed from the equation, according to chairman and managing partner Gary Wingens. The firm is also poised to bring on a new chief operating officer, Goodwin Procter veteran Michael Caplan.
4 minute read
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More Big Law Firms Are Crossing Financial Milestones. How Much Do They Care?
By Andrew Maloney | March 22, 2024
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
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Midsize Moves: Nossaman Adds 2 Partners in Texas, Crowe & Dunlevy Hires Director in Oklahoma
By Victoria Pfefferle-Gillot | March 22, 2024
Nossaman announced that Sejin C. Brooks and Melissa Ferringer have joined the firm's eminent domain and valuation group in Nossaman's Austin, Texas, office as partners; employment litigator Chris Vaught has joined Crowe & Dunlevy as a director in the firm's Tulsa, Oklahoma, office.
2 minute read
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How I Made Practice Group Chair: 'Being a Practice Leader Is a Responsibility—Not a Role,' Says Pat Lundvall of McDonald Carano
By ALM Staff | March 22, 2024
"Being a practice leader is a responsibility—not a role. Whether establishing a new practice, growing an existing practice, or taking a practice in a different direction, do it in a way that includes and leverages every lawyer, law clerk, paralegal and administrative staff member in the practice—help everyone rise together as a team."
10 minute read
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The Slackers Are Running the Joint—Gen X Law Firm Leaders and Their Impact
By Marci Taylor | March 22, 2024
As Gen X and millennials ascend to leadership positions in law firms, they have a lot on their respective plates—an industry facing rapid change, innovation promising to fundamentally change the way lawyers work, continued stratification in the market, ongoing struggles to attract and retain talent and the daunting task of building thriving firm cultures in a hybrid work world.
6 minute read
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Fried Frank Crosses $1B in Revenue as PEP Soars 21% and Equity Tier Declines
By Patrick Smith | March 22, 2024
"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
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