The Legal Intelligencer | Analysis
By Amanda O'Brien | December 7, 2023
Dips in transactional work translated into a mixed-bag of financial results for Pennsylvania's Am Law 200 firms in 2022, as they returned to reality after 2021's glut of hiring, transactional work, and revenue increases.
By Andrew Maloney | December 6, 2023
Firms can anticipate a rebound in transactional practices heading into 2024. "As such, we expect 2024 to be a better year than we saw in 2023," said Citi and Hilderbrandt Consulting in a new report.
By Victoria Pfefferle-Gillot | December 5, 2023
Matthew T. Wilkov, a partner at the Lansdale law firm of Rubin, Glickman, Steinberg and Gifford and a retired U.S. Army Reserve lieutenant colonel, served as a panelist at the Montgomery Bar Association's "The 'Business' Side of the Law" CLE seminar.
The American Lawyer | Analysis
By Andrew Maloney | December 4, 2023
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.
The Legal Intelligencer | Commentary
By Shawn Lehocky and Bryan Reilly | November 30, 2023
Without financial planning and the ongoing monitoring of financial performance, firm leaders are gambling—blindly—that their firms will stay afloat in the coming year and beyond, no matter what their competitors, the economy, and society throw at them.
The Legal Intelligencer | News
By Amanda O'Brien | November 21, 2023
Ward Greenberg will cease operations at the end of 2023. Hodgson Russ will add 10 litigators and assume the firm's Rochester lease, while Freeman Mathis Gary will take the other nine litigators and leases in Philadelphia, South Jersey and Delaware.
By Andrew Maloney | November 21, 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.
The Legal Intelligencer | Commentary
By Marcie Borgal Shunk | November 20, 2023
When it comes to leadership transitions, there are no easy answers. Unlike corporate organizations, many law firms deploy models more akin to political spheres, switching out leaders on predetermined term limits rather than based on performance.
The Legal Intelligencer | Analysis|News
By Amanda O'Brien | November 17, 2023
Michael Pansini's widow entrusted attorney David Pizzica to take the reins at Pansini Law Group. The firm has retained all 10 of its employees.
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.
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