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Competitive intelligence and news on billing rates, evolving rate pressures and alternative pricing.
By Jessica Seah | April 16, 2024
Troy Doyle is moving over, citing client demands for true flexible fee structures and experienced partner involvement on restructuring matters.
3 minute read
By Greg Andrews | February 27, 2024
The private equity giant made the unusual disclosure to comply with conflict-of-interest rules that kicked in when Kirkland partner Reginald "Reg" Brown joined its board in 2020.
2 minute read
By Maria Dinzeo | February 14, 2024
"The people who regulate the profession are the profession. They are judges and members of the bar. So what incentive do they have to give away that control to the machine?" said Foster Sayers, vice president of legal ops at health tech company symplr.
7 minute read
By Dan Roe | January 10, 2024
Dechert has hiked its rates for top partners by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.
3 minute read
By Jack Womack | December 20, 2023
The merger of the two firms is due to formally take effect in May 2024, with 99% of partners at both firms approving the plans in October.
2 minute read
By Charlotte Johnstone | December 8, 2023
The associates say they work long hours just to do their regular work and that there's no time for hours on pro bono.
3 minute read
By Andrew Maloney | Chris O'Malley | November 13, 2023
Some GCs are voicing concerns about further rate hikes after associate pay raises. But Milbank's chair said the salary raises wouldn't have a material effect on its billing rate decisions in the future.
5 minute read
By Andrew Maloney | October 31, 2023
"There's a lot of people trying to play a little bit of catch-up, and they'll run out of opportunity runway if there's a recession," said Mark Medice, a principal at LawVision and law firm consultant.
5 minute read
By Rhys Dipshan | September 27, 2023
Some disruption to law firm pricing is inevitable, but just how far that spreads is an open question.
9 minute read
By Andrew Maloney | Chris O'Malley | September 19, 2023
Amid rising billing rates, there's fresh optimism that innovation, not only on pricing plans but because of AI-related spending and projects, can lower costs on both sides.
5 minute read
By Justin Henry | April 23, 2024
Risk-averse corporate legal departments view the potential hazards of switching from a trusted outside counsel as too great, according to Kris Satkunas, director of strategic consulting at CounselLink.
8 minute read
By Emily Cousins | April 18, 2024
The statutory prejudgment interest on the allegedly unpaid invoices is around $1.6 million with an interest rate of 12%, leading to a balance of nearly $4.3 million, as of April 15, the complaint said.
2 minute read
By ALM Staff | April 16, 2024
Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.
2 minute read
By ALM Staff | April 16, 2024
Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.
2 minute read
By ALM Staff | April 16, 2024
Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.
2 minute read
By Dan Roe | April 11, 2024
Another year of strong rate increases for Big Law means continued pressure on practices that can't sustain firmwide increases—and opportunities for midsize firms with greater flexibility.
5 minute read
By Maria Dinzeo | Dan Roe | April 8, 2024
"If they figure out how to incorporate this technology into their comp model, then they'll be the winners," said Stephanie Corey, co-founder of the legal ops consulting firm UpLevel Ops, on the rise of AI and how it will disrupt the way law firms do business.
10 minute read
By The Law Journal Editorial Board | April 5, 2024
There is no reason to treat out-of-state attorneys differently than in-state attorneys if we want only the more qualified attorneys to receive referrals in specialized areas of work.
5 minute read
By Stephanie Wilkins | April 3, 2024
Winston Legal Solutions aims to address client cost concerns by providing an alternative to the outsourced legal provider marketplace that combines firm-trained attorneys, established processes, advanced technology and generative AI tools.
5 minute read
By Dan Roe | March 25, 2024
While a few firms attributed declining realization to market factors, the majority are gladly exchanging lower realization for strong rate increases.
3 minute read
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
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