By Andrew Maloney | August 5, 2024
Am Law 100 firms continue to see most of their growth in transactional work, while Second Hundred firms have found a "goldilocks" zone in both countercyclical and corporate work, according to a new Q2 report.
By Mimi Lamarre | July 30, 2024
A new ABA ethics opinion touches on the ethics of billing for AI-supported work. The technology may force law firms to rely less on hourly billing.
By ALM Staff | April 16, 2024
Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.
National Law Journal | Analysis
By Abigail Adcox | February 12, 2024
"Many do compete with the New York firms," said Wells Fargo's Owen Burman about D.C. firms. "But it's not universal."
By Andrew Maloney | January 24, 2024
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.
By Andrew Maloney | November 28, 2023
"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."
By Adolfo Pesquera | November 21, 2023
"The documents Hemotek relies upon do not demonstrate active attempts to commercialize any particular invention that would satisfy this definition.," the AAA panel said about Hemotek's breach of contract claim.
By Andrew Maloney | November 16, 2023
Rate increases, by an average of nearly 8%, have helped the industry see an uptick in revenue between the second and third quarters.
By Adolfo Pesquera | November 6, 2023
"What complicated the case for us is normally when you're asking for attorneys fees, the jury has seen the underlying case. The fruits of that work play out in the courtroom," lead plaintiffs attorney Alan Loewinsohn said.
By Abigail Adcox | September 1, 2023
Firms in the capital region were aided by their focus on regulatory and enforcement work, rather than transactions, which have sagged nationwide.
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