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Big Law Firms Offering 'Mixed Bag' of Rate, Compensation Structures in Emerging Markets
"Our real value proposition is we provide coastal expertise at Midwestern rates," said one law firm leader. "You get a lot of bang for your buck."
Slower Collections Hamper Revenue Growth In Fla. Law Firms As Year End Approaches
"They've done the work creating the value. Now they have to collect it, and that's what's going to drive that revenue figure up," said Owen Burman, a senior consultant at Wells Fargo.
Homegrown Texas Law Firms Reap Benefits of Collections 'Discipline' and Strong Demand Through Q3
"This revenue outcome represents not only favorable client demand [and] the right decisions around billing rates, but also the right discipline around the collection cycle."
Am Law 200 Boom in Miami Picks Up Steam, as Dinsmore Enters With Lewis Brisbois Group
The firm's growing size in Florida "starts to really give you the gravitas and the gravity, if you will, to let others know you're serious about your investment in that region," said Dinsmore's leader.
New York Law Firms See Good News, But Still Have Some Cause for Concern
"We've been incredibly fortunate to have had a lot more stability and excitement in our own work during 2023," Wachtell's Adam Emmerich said.
Law Journal Press | Digital Book
District of Columbia Legal Malpractice Law 2024
Authors: Shari L. Klevens, Alanna G. Clair
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DC Law Firms on Road to Finish Strong 2023, Amid Billing Rate and Demand Growth
Citi attributed D.C. firms' demand growth to client demand for partner-level talent, in areas including regulatory, litigation and restructuring.
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