Law firm lenders say demand is driving revenue growth at Pennsylvania-based firms. "In the context of what’s still a challenging environment, these are not bad results," said Wells Fargo's Jeffery Grossman.
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Lizzy McLellan writes about the Pennsylvania legal community and the business of law at firms of all sizes. Contact her at firstname.lastname@example.org. On Twitter: @LizzyMcLellTLI
Recent news and awards indicate law firms are increasing their investments in innovation. Stories of recently launched innovation committees, R&D teams and idea labs routinely grace the pages of industry publications. Yet despite these investments, the trajectory of the industry as a whole seems to have remained largely unchanged. Why are innovation efforts by larger law firms failing to make a meaningful impact?
Craig A. Newman, James Zucker and Peter Kurtz discuss a recent decision which underscores the complexities and fact-specific nature of asserting the privilege in data breach litigation, especially when materials serve purposes other than those related to legal advice and when forensic investigators are not retained and directed by external counsel.
The largest, most-profitable firms drove the greatest increase in billing rates this year, according to data from Wells Fargo and Citi Private Bank's law firm banking divisions.
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