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January 24, 2024 | The American Lawyer

Seyfarth Launches Restructuring Practice, Snagging Lateral Group from BCLP

The move comes as Am Law 100 firms saw billable hours in bankruptcy grow by nearly 7% last year.
5 minute read
January 24, 2024 | Texas Lawyer

Dallas, Houston See Notable, Above-Average Billing Rate Increases

The going rate for partners in Dallas increased from $674 per hour in 2022 to $770, a roughly 14% jump. In Houston, associates saw a roughly 10% increase, with mean going rates increasing from about $477 per hour to about $525.
4 minute read
January 24, 2024 | The American Lawyer

Where Are Big Law Billing Rates Growing the Fastest?

Some lawyers have seen a rate increase above 20%. Overall, lawyers in financial services and health care, and in markets such as Dallas and Houston, all saw notable rate hikes.
4 minute read
January 24, 2024 | Legaltech News

Spellbook Raises $20 Million in Series A Funding, Plans New AI Capabilities, Platform Expansion

Spellbook, which offers a generative AI-powered contract drafting and negotiation platform, is planning new developments focused on personalization, end-to-end workflows, accuracy and speed.
4 minute read
January 24, 2024 | Litigation Daily

Report: Last Year's Uptick in Litigation Demand—a 15-Year High—Was Especially Felt in Midsize Shops

Demand was up 3.2% in litigation according to the latest report from Thomson Reuters and Georgetown Law. But demand rose 4.4% year-over-year among midsize firms, compared to just 2.4% for Am Law 100 firms and 2.5% for Second Hundred firms.
5 minute read
Law Journal Press | Digital Book Wrongful Use of Civil Proceedings and Related Torts in Pennsylvania, Second Edition Authors: George Bochetto, David P. Heim, John A. O’Connell, Robert S. Tintner View this Book

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January 24, 2024 | Legaltech News

Thomson Reuters Announces New Gen AI Features Within Practical Law, CoCounsel Core Expansion

With new generative AI and AI-powered features in Practical Law called Ask Practical Law AI and Practical Law Clause Finder, along with the expansion of CoCounsel Core internationally, Thomson Reuters is moving forward with its generative AI plans.
4 minute read
January 23, 2024 | Connecticut Law Tribune

Market Shift: Costs Driving Big Law Clients to Midsized Firms

Since the financial crisis of 2007-2008, "market power shifted decisively from law firms to the clients, rapidly moving from a sellers' to a buyers' market for legal services," a new report from Thomson Reuters and Georgetown Law says.
5 minute read
January 23, 2024 | Law.com

Your Clients Are Leaving Without Telling You: The Morning Minute

The news and analysis you need to start your day.
4 minute read
January 22, 2024 | New York Law Journal

The Value Proposition: Big Law Has 'False Sense of Security' as Clients Depart for Cheaper Midsized Firms

Since the financial crisis of 2007-2008, "market power shifted decisively from law firms to the clients, rapidly moving from a sellers' to a buyers' market for legal services," a new report from Thomson Reuters and Georgetown Law says.
5 minute read
January 22, 2024 | Corporate Counsel

Big Law Has 'False Sense of Security' as Clients Depart for Midsized Firms

Since the financial crisis of 2007-2008, "market power shifted decisively from law firms to the clients, rapidly moving from a sellers' to a buyers' market for legal services," a new report from Thomson Reuters and Georgetown Law says.
5 minute read

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