By Andrew Maloney | August 10, 2021
"They don't want to come off these two years and have this profit cliff," Kristen Stark of Fairfax Associates said.
The American Lawyer | Analysis
By Andrew Maloney | July 9, 2021
Instead of the "burn-and-churn" associate model, alternatives such as more non-partner-track lawyers and breaking the associate lockstep pay model could be on the horizon.
By Dylan Jackson | July 8, 2021
While 2020 ended strong, firm leaders and consultants said the loans were an important lifeline at a very uncertain time.
By David Gialanella | June 27, 2021
A number of firms saw year-over-year revenue declines in 2020 for which they likely didn't plan. Still, many firms in the Top 40 grew revenue.
The Legal Intelligencer | Analysis
By Justin Henry | June 22, 2021
Legal industry consultants have said the pandemic bore out what they've been telling law firms for years—that their support teams are overstaffed.
The American Lawyer | Analysis
By Andrew Maloney | May 20, 2021
Leaders of firms such as Sidley Austin, Ropes & Gray and Cooley say they've already noticed shifting expenses this year.
New Jersey Law Journal | Analysis
By David Gialanella | May 19, 2021
As there was a fair bit of turnover among the firms making up the back end of the annual Am Law 200 ranking, two New Jersey-based firms that typically make the list have not done so this year.
The American Lawyer | Analysis
By Dan Packel | May 18, 2021
In a year of incredible uncertainty that brought greater challenges to the Second Hundred than the Am Law 100, this diverse group of firms made it through the wilderness.
By Zack Needles | Karen Sloan | April 30, 2021
Despite—or, perhaps more accurately, because of—its rocky start, 2020 ended up being a banner year for Big Law financials. The pandemic forced law firms to cut costs in a major way, but there was a lot more than that behind firms' soaring profits.
By Patrick Smith | March 29, 2021
Complacency and the assumption that what is working now will always work can put a darker tint on a successful financial year for law firms.
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