Pricing Billing Rates

International Edition

Legal Regulator Criticises Lawyers for Seeking Eased Rules on Russia Work

By Jack Womack | October 3, 2023

General licences granted by the government, which enable firms to take on otherwise sanctioned work, have 'blinded the system', the Legal Services Board's chief executive has said.

3 minute read

International Edition

Dentons Files Lawsuit Against Ex-Client for $1.7 Million in Unpaid Legal Fees

By Emily Saul | July 24, 2023

The global law firm filed a complaint alleging breach of contract, unjust enrichment, and other claims.

2 minute read
International Edition

Freshfields, Cleary Among Firms Owed $4M Following Collapse of Russian Bank VTB

By Jack Womack | February 23, 2023

Several prominent law firms are owed large sums of money following the administration of the U.K. arm of the Russian state-owned bank.

3 minute read

International Edition

Law Firm Diversity Remains Important for In-House Teams Despite Costs Pressures

By Jack Womack | November 22, 2022

The research also found that many corporates had work to do when it came to their own diversity efforts.

2 minute read
International Edition

Raising Billing Rates in 2023 Becomes A 'Singular Focus' For Law Firms

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
International Edition

Cineworld's Canadian M&A Counsel Seeks $1.6M Payment; Theater's Chapter 11 Bankruptcy Handled by Kirkland, Jackson Walker and Slaughter and May

By Dan Roe | September 7, 2022

Canadian law firm McCarthy Tétrault is owed $1.6 million, according to the British movie theater chain's bankruptcy filing.

2 minute read
International Edition

Dollar's Strength May Influence Billing, Talent and Expenses in Big Law

By Andrew Maloney | August 9, 2022

Exchange rates could affect how U.S. law firms manage certain expenses, set billing rates and attract laterals. And firms outside the U.S. could also benefit.

6 minute read
International Edition

Why the Billable Hour Could Be Holding Back Your Culture

By Dana Denis-Smith | April 12, 2022

Dana Denis-Smith, CEO of Obelisk Support argues against what she sees as an outdated concept.

5 minute read
International Edition

Big Law's Big Fees, Russia Links and Ex-Partner's Crimes Keep Firms in Spotlight

By Rose Walker | April 8, 2022

The London Lawyer: Big Law = Big Fees. Clients know it, partners know it, those of us who cover the industry know it. But others remain horrified at rates.

3 minute read
International Edition

New Model Law Firms Growing 3 Times Faster Than Mid-Market Rivals, Research Shows

By Jack Womack | April 5, 2022

Analysis by Arden Partners shows that headcount and revenue growth at consultancy-type law firms is outstripping that of traditional rivals at pace, as the newer model goes mainstream.

3 minute read
The Recorder

Law Firm Claims Former Associate Lied About Personal Relationship to Client's Family to Obtain Larger Share of Fees

By Mason Lawlor | February 23, 2024

This case was first surfaced by Law.com Radar, ALM's source for immediate alerting on just-filed cases in state and federal courts. Law.com Radar now offers state court coverage nationwide. Sign up today and be among the first to know about new suits in your region, practice area or client sector.

3 minute read
Pro Mid Market

Slower Collections Test Boundaries of Attorney-Client Relationships

By Justin Henry | Alexander Lugo | February 21, 2024

Prominent law firms are finding themselves adverse to former clients in unpaid fee litigation as collection cycles lengthen, but not every dispute is worth litigating.

7 minute read
Daily Business Review

Phila.-Based Weber Gallagher Opens Florida Outpost With Fowler White Partner

By Amanda O'Brien | February 7, 2024

"I don't want to sound pessimistic, but the time of the smaller insurance defense shop is probably going away," said Weber Gallagher chairman Andrew Indeck.

4 minute read
Legaltech News

Gen AI Could Force Lawyers, Clients to Talk Differently About Billable Hour, Legal Pricing

By Isha Marathe | February 7, 2024

Lawyers have historically stayed mum about the value of their work and the resources needed to perform it. But if they want to move away from the billable hour, that's going to have to change.

6 minute read
Daily Business Review

A Real Estate Slowdown Depressed the Growth of Florida Law Firm Revenue, But an M&A Pickup Might Push It Up

By Alexander Lugo | February 1, 2024

"It was a more average type performance for the Florida-based firms this past year. They came off a really strong 2022, where they outperformed quite dramatically," Owen Burman, a Wells Fargo senior consultant, said.

3 minute read
The Legal Intelligencer

Aggressive Rate Hikes, Strong 4th Quarter Collections Drive 2023 Revenue Growth for Phila. Firms

By Amanda O'Brien | January 31, 2024

The six Philadelphia-based firms surveyed by Wells Fargo together increased revenues by 4.7%, compared to a nationwide average of 6.0%.

4 minute read
The Legal Intelligencer

Eckert Seamans Brings On First COO in 10 Years

By Amanda O'Brien | January 30, 2024

Eddie Raychaudhuri arrives from DLA Piper, where he served as a practice group director.

4 minute read
Law.com

Where Are Big Law Billing Rates Growing the Fastest?: The Morning Minute

By Zack Needles | January 26, 2024

The news and analysis you need to start your day.

4 minute read
Law.com

Massachusetts High Court Amends Rules Regarding Disposition of Unclaimed IOLTA Funds

By Allison Dunn | January 19, 2024

The amendments were adopted in response to the court's decision in the Matter of Olchowski (2020), which posed the question concerning the proper disposition of unidentified client funds on deposit in an Interest on Lawyers' Trust Account.

2 minute read
Law.com

As Billing Rates Soar, Law Firm Clients Move Work: The Morning Minute

By Zack Needles | January 10, 2024

The news and analysis you need to start your day.

4 minute read

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