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Competitive intelligence and news on billing rates, evolving rate pressures and alternative pricing.
By Charlotte Johnstone | March 29, 2023
'Chasing clients for a couple of months is normal, but we're finding it's taking longer these days—so we're really quite focused on cutting that gap down.'
4 minute read
By Charlotte Johnstone | March 16, 2023
UK lawyers, consultants and GCs all agree cost pressures are causing clients to push for discounts, fixed fees and delayed payments, but others say there are also cultural issues at play.
5 minute read
By Andrew Maloney | March 8, 2023
"The top 200 firms should hold back on raising rates to fill their shortfall for 2023, as clients are watching and weighing alternatives," recommends a new report.
6 minute read
By Becky Pritchard | February 23, 2023
The Competition Appeal Tribunal has gone from being a backwater to being a major centre for modern disputes, hearing cases that could generate billions in legal fees. But an in-depth analysis by Law.com International has found many are unhappy with the new world, saying the ultimate beneficiaries are not the claimants.
12 minute read
By Andrew Maloney | February 15, 2023
Some rate increases last year were "shocking at the high end," according to a new rate report, noting about 15% of Am Law 100 firms increased their rates between 10% and 20%.
5 minute read
By Hannah Walker | December 21, 2022
The landmark decision offers cautionary lessons to solicitors involved with clients entering an insolvency process.
2 minute read
By Andrew Maloney | December 2, 2022
Profit pressure from rising client discounts both in North America and the United Kingdom is also "driving lawyers hard to increase billable hours" and that could jeopardize talent if it continues, according to a new report.
4 minute read
By Andrew Maloney | November 29, 2022
If it used to take 30 days for a payment, it's now taking 60; if it used to take 60 days, it's taking 90, said Citi's Gretta Rusanow.
4 minute read
By Hugo Guzman | Trudy Knockless | Maria Dinzeo | Greg Andrews | November 28, 2022
"This feels more like law firms throwing spaghetti up against a wall and seeing what sticks," said Jason Winmill, managing partner of Argopoint.
7 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 ALM Staff | February 29, 2024
Where Am Law 200 law firms are putting down roots, the reasons behind expansion in emerging markets, and what these moves mean for their clients.
2 minute read
By Maria Dinzeo | February 28, 2024
"Having worked on both sides of the relationship between in-house counsel and outside law firms, I see the necessary need for a service like LegalBillReview.com to help companies mitigate their legal spend," said Brian Arbetter, LegalBillReview.com's general counsel.
3 minute read
By Alexander Lugo | February 28, 2024
Receipts from the Central Florida Tourism Oversight District show that labor and employment attorneys raised rates dramatically while increases in other practices were more muted. Firms billing the entity include FordHarrison, BakerHostelter and Greenberg Traurig.
4 minute read
By Dan Roe | February 28, 2024
Colorado's biggest law firm also increased gross revenue by 11.3% in 2023 as all major practice areas saw growth.
5 minute read
By Thomas Spigolon | February 21, 2024
The firm's PEP dropped by 5% to $820,000, as its equity tier expanded and its nonequity tier shrunk by 9%, bucking a trend in the industry of growing the nonequity ranks.
5 minute read
By Alexander Lugo | February 21, 2024
The biggest beneficiary is Winter Park-based boutique Fishback Dominick, which earned nearly $700,000 in the second half of 2023 from the Central Florida Oversight Tourism District. The firm hadn't previously billed the entity in recent years.
5 minute read
By Dan Roe | February 15, 2024
As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
7 minute read
By Maria Dinzeo | February 15, 2024
A newly released report from the law firm network Lex Mundi has reinvigorated the age-old debate on the topic.
7 minute read
By Dan Roe | February 14, 2024
As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
7 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
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.
The Daily Report is honoring those attorneys and judges who have made a remarkable difference in the legal profession.
Associate attorney position at NJ Immigration Law firm: Leschak & Associates, LLC, based in Freehold, NJ, is looking for a full time ass...
Company Description CourtLaw Injury Lawyers is an established Personal Injury Law Firm with its primary office located in Perth Amboy, New J...
Black Owl Recruiting is looking for a number of qualified applicants to fill positions for a highly reputable client. Recent experience work...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
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