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By Andrew Maloney | February 1, 2021
Net income growth was up an average 9.9% in 2020, while Am Law 50 firms saw a 12.7% rise, according to a Wells Fargo survey of 130 firms.
1 minute read
By Simon Lock | January 28, 2021
Ashurst staff who participated in the firm's reduced hours scheme will have their bonus threshold adjusted.
1 minute read
By Hugh A. Simons and Joe Blackwood | January 25, 2021
Profits per equity partner grew despite economic upheaval, and it wasn't all about reduced overhead. A closer look at why reveals important lessons.
1 minute read
By Simon Lock | January 25, 2021
Local lawyers will split their time working from home and commuting to the firm's Madrid office.
1 minute read
By Patrick Smith | January 22, 2021
In a challenging 2020, the firm saw profits per equity partner jump by 25.6%. "London struggled the most with COVID-19 from a performance standpoint," firm chair Ira Coleman said.
1 minute read
By Brenda Sapino Jeffreys | January 21, 2021
The firm's financial restructuring practice in the U.S. and in London was a "huge driver of success" in 2020, chairwoman Kim Koopersmith said.
1 minute read
By Varsha Patel | January 20, 2021
Litigation partner Colin Passmore has held the role for a decade.
1 minute read
By Simon Lock | January 14, 2021
Firm CEO Sir Nigel Knowles said no more redundancies or office closures are expected as part of the latest shake up.
1 minute read
By Simon Lock | January 13, 2021
The firm says COVID-19 and remote working 'has implications for the resourcing of offices on a day-to-day basis'.
1 minute read
By Varsha Patel | January 12, 2021
GQ Littler has opened its Dublin office several months after it registered an entity in late 2020.
1 minute read
By Jacob Polacheck | November 22, 2022
Heading into 2023, Atlanta law firms are in a good position to "lead the market," according to a Wells Fargo analyst.
4 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 Jessie Yount | November 21, 2022
"The fact that firms kept demand flat means, one, they have broad business practices that are countercyclical and not only weighted in capital markets; and, two, perhaps they are gaining share nationwide," said Owen Burman, segment manager for the Wells Fargo Private Bank Legal Specialty Group.
3 minute read
By Jacob Polacheck | November 21, 2022
The labor and employment firm has scooped up 11 lateral shareholders from rivals since September, including two in Salt Lake City this month.
3 minute read
By Andrew Maloney | November 21, 2022
Expectations for a quick surge in profitability appear to have fallen.
4 minute read
By Bruce Love | November 18, 2022
The poor performance in the region is a continuation of the first half of the year.
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 Justin Henry | November 17, 2022
Firms based in the city outpaced other key legal markets with respect to increases in productivity, profits and inventory during the first three quarters of 2022, compared to the same interval in 2021.
6 minute read
By Gloria Gomez-O'Rourke & Gretta Rusanow | November 17, 2022
Citi Private Bank's look at 9-month results shows a decline in demand coupled with expense growth is causing some firms to look for progress payments or sell receivables.
7 minute read
By Andrew Maloney | November 15, 2022
Average law firm net income fell by 7.3% and profits per equity partner was down 8.5% through the first nine months of 2022, according to a new Wells Fargo report.
3 minute read
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