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February 08, 2024 | National Law Journal

Billing Rate Increases and Demand Growth Push DC Firms to Strong Financial Year

"D.C. was our best-performing region," said Owen Burman, of Wells Fargo Legal Specialty Group. "The regulatory side was on fire for so many firms."

3 minute read

February 08, 2024 | The American Lawyer

'D.C. Was Our Best-Performing Region': Billing Rate Increases and Demand Growth Drive Strong Year in the Beltway

In average revenue growth, D.C. firms exceeded peers in New York City, California, Texas, Florida, Chicago, Philadelphia and Atlanta, according to Wells Fargo data.

3 minute read

February 07, 2024 | Connecticut Law Tribune

Union Activity Infiltrates the Banking Industry; Who's Next?

Union filings are standing out in an industry traditionally resistant to labor campaigns. Many more petitions may be on the horizon.

4 minute read

February 06, 2024 | Litigation Daily

A Steady Litigation Year Helped Drive Big Law Revenue Gains

The latest annual numbers from Wells Fargo's Legal Specialty Group, a survey drawing on financial data from more than 130 law firms, found that revenues grew year-over-year by 6%, with some momentum coming into 2024 thanks to strength in countercycle practices and rate increases.

4 minute read

February 05, 2024 | The American Lawyer

Deal Watch: Hogan Lovells and Wachtell Land Big Sports Deals

Professional and college sports were center stage this past week for lawyers.

7 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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February 02, 2024 | Texas Lawyer

Energy Sector Work Led to Higher-Than-Average Revenue Jump for Homegrown Texas Law Firms Last Year

A group of homegrown Texas firms did better than the industry average in a number of financial metrics in 2023, according to a Wells Fargo Legal Specialty Group year-end survey.

3 minute read

February 01, 2024 | Law.com

The Law Firm Disrupted: Gen AI Use in the Am Law 100 Earns Our Spotlight

We heard about generative AI approaches at Wall Street heavies, global firms, labor and employment giants, and outfits with roots in nearly every major legal market in the U.S.

5 minute read

February 01, 2024 | Daily Business Review

A Real Estate Slowdown Depressed the Growth of Florida Law Firm Revenue, But an M&A Pickup Might Push It Up

"It was a more average type performance for the Florida-based firms this past year. They came off a really strong 2022, where they outperformed quite dramatically," Owen Burman, a Wells Fargo senior consultant, said.

3 minute read