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Competitive intelligence and news on billing rates, evolving rate pressures and alternative pricing.
By Hannah Walker | November 9, 2022
The judge stated that the total bill estimation "is disproportionate".
2 minute read
By Anne Bagamery | October 19, 2022
The office, which opened in 1962 and was the firm's first outpost outside the U.S., today counts five lawyers, including one partner, who are all being outplaced, the firm said.
3 minute read
By Hannah Walker | October 4, 2022
The DEI contributions will also be taken into account when it comes to assessing overall performance bonuses.
2 minute read
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
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
By Colleen Murphy | June 30, 2022
Latham & Watkins and its client, VTB Bank, have already missed two deadlines to get substitute counsel to file an appearance notice, and requested, in a letter addressed to a federal judge, an additional two-week extension until July 7.
5 minute read
By Jack Womack | May 26, 2022
The figure includes an annual salary of £400,000.
2 minute read
By Andrew Maloney | May 11, 2022
Some lawyers are heading into smaller firms or launching their own boutiques—moves resulting from a mix of billing rate pressures, a desire for remote-work flexibility and just wanting to take a breather after a busy 2021.
4 minute read
By Christopher Niesche | May 4, 2022
Cryptocurrencies, NFTs and other emerging technologies are creating new frontiers for law. Natasha Blycha who founded digital law firm Stirling & Rose last year, says the structure of traditional law firms make it difficult to run a cutting-edge digital practice in which technological developments and regulations are constantly changing.
7 minute read
By Andrew Maloney | May 2, 2022
The tension could alienate clients, cut into law firms' profits and force talent out the door.
6 minute read
By Ross Todd | February 14, 2024
"Billable hours worked, the market's favored measure of demand for legal services, is simply becoming a less useful measurement," write the authors of a report issued this week by The Thomson Reuters Institute.
4 minute read
By Abigail Adcox | February 12, 2024
"Many do compete with the New York firms," said Wells Fargo's Owen Burman about D.C. firms. "But it's not universal."
5 minute read
By Dan Roe | February 12, 2024
The Am Law 50 finished the fourth quarter with nearly 8% more fees worked than Q4 2022 despite a decline in demand, according to a new Thomson Reuters report.
3 minute read
By J. Mark Santiago | February 9, 2024
Having a compensation system that clearly outlines partner expectations, provides the partners with the ability to validate the results by communicating the results back to them does more to build collegiality than an opaque system that, by its design, promotes distrust and ill will among partners.
5 minute read
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
By Abigail Adcox | February 6, 2024
The environment for counsel on government-facing issues was "quite strong" last year, driving demand across the firm's litigation, transaction and regulatory practices, said chairman Richard Alexander.
3 minute read
By Thomas Spigolon | February 5, 2024
If midsize firms can't match the top of the market in associate compensation, they should tout other perks to potential recruits, said recruiter Steve Stone. For some, non-financial benefits include earlier access to client contact and work-life balance.
7 minute read
By Dan Roe | January 31, 2024
The average Am Law 50 firm upped its rates by 8% to 10% in 2024, according to bankruptcy records.
3 minute read
By Andrew Maloney | January 24, 2024
Some lawyers have seen a rate increase above 20%. Overall, lawyers in financial services and health care, and in markets such as Dallas and Houston, all saw notable rate hikes.
4 minute read
By Andrew Maloney | January 24, 2024
The going rate for partners in Dallas increased from $674 per hour in 2022 to $770, a roughly 14% jump. In Houston, associates saw a roughly 10% increase, with mean going rates increasing from about $477 per hour to about $525.
4 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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