By Dan Roe | May 5, 2023
COVID-era pauses on evictions and moratoriums ultimately brought Chicago's largest consumer bankruptcy firm to court for its own Chapter 11 filing.
By Justin Henry | April 26, 2023
While the Am Law 100 collectively grew revenue by 2.7% and saw net income drop by 2.7%, 25 of the highest grossing midsize law firms outperformed them with a collective 5.4% increase to revenue and 5.1% increase to net income.
By Justin Henry | April 10, 2023
Early entrants in Arizona's alternative business structure jurisdiction say they seek to challenge long-standing features of the legal business model—lawyer-exclusive ownership, capital requirements and hierarchical governance.
By Justin Henry | March 28, 2023
"At some point, [Big Law] decided they didn't want to do the day-to-day work of corporations, just bet-the-company type stuff," Wendy Bernero, chief growth officer of software provider Page Vault, said at a LegalWeek panel on the state of mid-market firms. "The gift they gave to middle-market firms was the day-to-day work."
By Dan Roe | February 21, 2023
Economic uncertainty is accelerating clients' flight to law firms with niche expertise.
By Jessie Yount | February 14, 2023
Firm leaders said they face fewer limitations when it comes to helping early-stage companies, and view the current environment as an opportunity to press their advantage.
By Justin Henry | David Gialanella | Everett Catts | Jessie Yount | Max Mitchell | Dan Roe | February 8, 2023
From changing billing software to developing incentives for timely billing, midsize law firm leaders shared enhancements they made to their billing practices in recent interviews.
By Jessie Yount | February 1, 2023
"We're seeing a lot of interest in mergers of magnitude because laterals and [lateral] groups tend to rarely result in net growth, or net growth that is satisfying to the overall strategy," said law firm consultant Kristin Stark.
By Dan Roe | January 3, 2023
The tables have turned on large firms that poached mid-market talent in recent years.
By Dan Roe | Justin Henry | Jessie Yount | December 7, 2022
Launch your succession plan with these simple yet comprehensive tips from midsize firm managing partners and leadership consultants.
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