By Justin Henry | June 21, 2023
Recently released data by The American Lawyer, which includes 20 law firms with less than 200 lawyers, not only highlights a trend that smaller firms are experiencing less financial volatility than their big law counterparts but that their deployment of legal talent has yielded greater income on a per-lawyer basis.
By Dan Roe | June 13, 2023
The causes of burnout, depression and addiction in midsize firms are similar to those in Big Law, the American Lawyer's survey of mental health in the legal profession found.
By Justin Henry | June 1, 2023
About 70 midsize firms qualified for Diversity Lab's midsize Mansfield Certification, which required 30% of candidates considered for leadership roles or equity partner promotions to be from underrepresented groups.
By Dan Roe | May 16, 2023
As last year's overhiring puts an increasing number of Big Law associates on the market, midsize firms are less concerned with who's been laid off than a lawyer's stated reasons for leaving.
By Justin Henry | May 9, 2023
James Goodnow, CEO of midsize firm Fennemore Craig, has grown his firm with an eye toward achieving a scale that will allow Fennemore to contend with disruptions headed in the direction of law firms. Yet Goodnow and other firm leaders say it's critical to avoid adding timekeepers without adhering to a broader strategy.
By Jessie Yount | May 4, 2023
In a post-FTX world, the landscape for digital assets participants remains tumultuous. Some specialized law firms are capturing a meaningful stake in the work, as enforcement actions explode and securities class actions soar.
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 | Everett Catts | David Gialanella | Jessie Yount | April 20, 2023
Expenses for talent compensation is driving up hourly rates at midsize law firms in 2023, although firm leaders say they are asking timekeepers to ensure the higher rates correspond with value of the legal services provided.
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 Dan Roe | April 10, 2023
Three generations of Butzel Long firm leaders reflect on the benefits of codifying a democratic succession plan into the firm's bylaws.
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