The American Lawyer | Analysis
By Justin Henry | March 28, 2023
For some, the dip was a necessary consequence of spending more on travel for much-delayed in-person meetings. For others, 2022 was the right time to invest in growth aimed at generating long-term rewards.
The American Lawyer | Analysis
By Andrew Maloney | March 24, 2023
An unpredictable economy and tough deal market is requiring some alternative structures to make both client and firm whole.
By Andrew Maloney | March 8, 2023
"The top 200 firms should hold back on raising rates to fill their shortfall for 2023, as clients are watching and weighing alternatives," recommends a new report.
By Alexander Lugo | March 1, 2023
"It was a good year from a growth standpoint, a revenue standpoint and a profitability standpoint. But it was not 2021," said Greenberg Traurig CEO Brian Duffy.
The American Lawyer | Analysis
By Justin Henry | February 28, 2023
While some of the firm's corporate and transactional practices softened in 2022, leaders said that change highlighted the importance of maintaining a roughly 50/50 balance between litigation and corporate work.
The Legal Intelligencer | Analysis
By Justin Henry | February 24, 2023
"Going into 2022, the test we thought we were going to see is, 'Is this a sustainable number?'" chair Mark Stewart said of revenue that jumped by double digits the previous year. "We saw modest growth, but we answered the critical question, 'Yes, this is where we are.'"
By Andrew Maloney | February 15, 2023
Some rate increases last year were "shocking at the high end," according to a new rate report, noting about 15% of Am Law 100 firms increased their rates between 10% and 20%.
The American Lawyer | Analysis
By Justin Henry | February 14, 2023
Litigation funders are eager to make equity investments in law firms, but partner resistance and regulatory uncertainty present major obstacles.
By Andrew Maloney | February 14, 2023
Law firms can see some signs of improvement, including moderating expenses and transactional demand that remains above pre-pandemic levels. But a shaky economy in 2023 could put that in jeopardy.
By David Gialanella | February 9, 2023
Contingency fees played a larger role in the firm's revenue in 2022, while the firm slowed its hiring and raised billing rates, according to managing partner Gary Wingens.
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