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Competitive intelligence and news on billing rates, evolving rate pressures and alternative pricing.
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
By Lisa Willis | March 22, 2024
"Previous to this, all the judges thought that it was discretionary," said Peter M. Feaman, the attorney who won the appeal.
5 minute read
By Justin Henry | March 20, 2024
A group of 185 Chinese limited partners who put money into a $2.5 billion redevelopment project in Century City, Los Angeles, say the firm's "failure to exercise a modicum of diligence" helped cost them their entire stake.
4 minute read
By Charles Toutant | March 14, 2024
The New Jersey Association for Justice is likely to challenge Opinion 745 to the Supreme Court, the group's president said.
5 minute read
By Alexander Lugo | March 8, 2024
Because of the large gap between standard and agreed rates, some firms have been able to raise rates for clients quietly. Now, there's seemingly pushback.
5 minute read
By Amanda O'Brien | March 5, 2024
Ken Fulginiti accused Thomas Duffy Jr. of understating profits and spending revenues on "vanity expenses" and personal needs.
6 minute read
By Michael A. Mora | March 4, 2024
"Sure, the defendants would have liked the $1.2 million in attorney fees," said Bill Schifino, a shareholder at Gunster. "But the most important thing for the defendant was winning the case and they did so hands down."
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
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In Memoriam: Richard "Dick" K. DeScherer (1944-2024) We mourn the loss of our friend and former partner and Co-Chairman, Richard "Dick" K. DeScherer. Dick was a member of Willkie Farr & Gallagher LLP for more than 24 years. He was the consummate business lawyer, wonderful colleague and true friend. He joined the Bloomberg organization in 2012, a client for whom he had served as their principal legal advisor since their inception, and later was appointed as a member of their board. Dick's knowledge and experience were unparalleled, as evidenced by appointment to leadership and board positions at numerous well-respected organizations. He was deeply involved in civic and community engagements through his work with the S.L.E. (Lupus) Foundation, Lupus Research Institute, United Hospital Fund of New York, Lincoln Center for the Performing Arts, National Dance institute, and Baryshnikov Dance Foundation, among others. He received an LL.M. in Taxation from New York University in 1970, a J.D. from Georgetown University Law Center in 1969, and a B.A. from the University of Virginia in 1966. He was a member of the American Bar Association, the New York State Bar Association and the Association of the Bar of the City of New York. We offer our sincerest condolences to his family, including his wife Jennie, son Christopher and wife Amanda, daughter Kate, and grandchildren Emmett, Serena, George, Emily and Madeline. We will remember Dick with the utmost respect, admiration and affection. His loss will be felt by his many friends and colleagues at Willkie, and by all those whose lives he touched.
Congratulations to FLB Law's Newest Partner Matthias J. Sportini
Welcome Judge Joseph Quinn (Ret.) The Honorable Joseph P. Quinn, J.S.C., retired New Jersey Superior Court Judge, served for 23 years in the court s Civil, Chancery, and Family Divisions, where he was a strong proponent of mediation and alternate dispute resolution. As the head of Ansell.Law s mediation practice, Judge Quinn provides a valuable resource to parties seeking a final and efficient resolution of their disputes. ANSELL GRIMM & AARON, PC 732-922-1000 https://ansell.law/