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As Litigation Demand Soared, DC Boutiques Saw Strong Business Year
Several leaders of D.C.-based litigation boutiques said they had strong or solid 2023.
Aggressive Rate Hikes, Strong 4th Quarter Collections Drive 2023 Revenue Growth for Phila. Firms
The six Philadelphia-based firms surveyed by Wells Fargo together increased revenues by 4.7%, compared to a nationwide average of 6.0%.
Big Law Rates Continue Rising, But Trail 2023 Increases So Far
The average Am Law 50 firm upped its rates by 8% to 10% in 2024, according to bankruptcy records.
After Moderate Revenue Gains, Law Firms Plan for Growth in Both Deals and Litigation
"The mindset is toward growth as opposed to cutting, and that's a change over the last 18 months," Wells Fargo's Owen Burman said.
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
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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.
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.
Is RPAPL §1301 Really an Impediment to Pursuing a Guaranty Claim?
Scott Weinberg and Joel Haims discuss New York's "Election of Remedies" statute, examining whether it really has a material impact in practice.
Borrower's Common Defenses in Mortgage Foreclosures Negated
Howard Kingsley, who represented Broom Lender in "Broome Lender LLC v. Empire Broome LLC," discusses the case and how the Appellate Division, First Department removed common obstacles and cleared the path for assignees of mortgage loans to foreclose easily and quickly. Kingsley offers that the case is a "major win for lenders and their assignees because there had not been a prior decision by a New York state court where it found that, although standing was not established through an allonge, standing was established on summary judgment by the assignment of the note."
As Cohen Milstein Grows, Law Firm Names New Managing Partner
The leadership change comes on the heels of one of the firm's "most successful years financially," according to Benjamin Brown, its new managing partner.TRENDING STORIES
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