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I'm a Chicago-based reporter covering the business of law, focusing on national and global law firms for The American Lawyer, Law.com and other ALM publications. Reach out: [email protected].
December 4, 2023 | The American Lawyer
Even before some firms embraced associate salary increases, the legal industry appeared less optimistic heading into 2024 than they were going into 2023, according to a recent survey.
By Andrew Maloney
5 minute read
November 28, 2023 | The American Lawyer
"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 Andrew Maloney
6 minute read
November 21, 2023 | The American Lawyer
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.
By Andrew Maloney
6 minute read
November 16, 2023 | The American Lawyer
Rate increases, by an average of nearly 8%, have helped the industry see an uptick in revenue between the second and third quarters.
By Andrew Maloney
4 minute read
November 10, 2023 | The American Lawyer
Some GCs are voicing concerns about further rate hikes after associate pay raises. But Milbank's chair said the salary raises wouldn't have a material effect on its billing rate decisions in the future.
By Andrew Maloney | Chris O'Malley
5 minute read
November 8, 2023 | The American Lawyer
The market hesitation was underscored by the lack of immediate, similar moves. Some firms were still waiting on other market leaders to move, sources said.
By Andrew Maloney | Jessie Yount
6 minute read
November 6, 2023 | The American Lawyer
There's been a "bifurcated" recovery among the Am Law 200, but all segments have cut their first-year associate classes, according to the latest Law Firm Financial Index report.
By Andrew Maloney
5 minute read
October 20, 2023 | The American Lawyer
Law firms that didn't budget conservatively or those counting on a sterling fourth-quarter performance may be disappointed.
By Andrew Maloney
5 minute read
October 18, 2023 | The American Lawyer
The recent turnover in Am Law 200 leadership has multiple drivers, some say, including burnout in the wake of the pandemic, political upheaval and a massive shift to remote work.
By Andrew Maloney
6 minute read
October 11, 2023 | The American Lawyer
"We call it 'change slipping through the back of the sofa,'" Steven Manton, part of a group of senior pricing professionals, said. 'It's millions and millions across a large law firm, when you add it all up."
By Andrew Maloney
7 minute read
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