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International Edition

Challenge for Lawyers as Regulators and Financing Delay Oil & Gas Deals in Africa

Delays to deal closings are hurting the financial expectations of legal advisers and it has become increasingly unlikely for a law firm to be able to agree fixed legal fees, say local lawyers.
5 minute read

International Edition

Am Law 50 Law Firms 'Outpacing' the Industry More in 2024, as Segmentation Accelerates

"It is a bit of a vicious cycle for the rest of the industry to observe. It allows these elite firms to continue to pull away, as long as they continue to focus on those higher client value opportunities," noted one industry consultant.
5 minute read

International Edition

The UK Top 50 Firms With the Highest Debtor Days

Almost twice as many firms saw their debtor days rise compared with the previous year, research has found, with one accountant saying: 'It is hard to think of another sector that is worse at getting its clients to pay.'
3 minute read

International Edition

What Does Big Law Stand to Gain From Slow AI Adoption?

Observers in the legal tech industry speculate that firms' caution stems from a commitment to a profitability model dependent on high leverage and hourly billing.
8 minute read

International Edition

Legal Regulator Criticises Lawyers for Seeking Eased Rules on Russia Work

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

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

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

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

"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

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

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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