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Texas Law Firms 'Holding Their Own' So Far This Year
While demand through the first nine months of 2023 was flat for the legal industry when compared to the same period last year, homegrown Texas firms posted a 1.1% increase in demand, according to a Wells Fargo Legal Specialty Group survey.
How Can Law Firms 'Crack the Nuts on Collections' While Closing Out 2023?
Law firms will try everything in their control, such as setting up so-called milestone payments on next year's work or using discounts to incentivize payment of outstanding bills.
Pennsylvania Firms on Track to Hit National Averages in Revenue, See Success in Collections
"Gross revenue was up 4.5%—even though rates did contribute to that, overall demand was worse," Wells Fargo's Owen Burman said of the Q3 results of six Philadelphia-based firms surveyed by the bank. "In order to have revenue be around the same point, they've basically collected better at this point in the year than other firms have."
Litigators Juggle 'Grueling' Post-Pandemic Trial Schedules: The Morning Minute
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Foreclosure Title: Subject to Senior Mortgage?
Jason Bergman advises parties on how the failure to specifically identify an encumbrance that is senior to the foreclosed mortgage can be fatal to the foreclosure sale.
Law Journal Press | Digital Book
District of Columbia Legal Malpractice Law 2024
Authors: Shari L. Klevens, Alanna G. Clair
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On the Move: Law Firms Elect New Partners in Atlanta, Add New Georgia Offices
"We look at it in a three-year cycle in that we were averaging over eight new partners a year which is indicative of a growing client base and growing client demand," said Morris Manning's leader.
Billing Rates Accelerated Again. Big Law Will Likely Keep Foot on the Pedal
Rate increases, by an average of nearly 8%, have helped the industry see an uptick in revenue between the second and third quarters.For Big Law, 2023 Collections Remain the 'Big If': The Morning Minute
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SEC Reports Nearly $5B in Financial Recovery in Fiscal 2023
"The investing public benefits from the Division of Enforcement's work as a cop on the beat," SEC Chair Gary Gensler said.
Where Are the Milbank Pay Matches? Mixed Market Signals Weigh on Law Firms
"It's a bit telling of how the overall market is kind of feeling at the moment. There's going to be a lot of variability in how firms perform this year," noted New York legal recruiter Scott Yaccarino.TRENDING STORIES
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