The American Lawyer | Analysis
By Dan Roe | March 25, 2024
While a few firms attributed declining realization to market factors, the majority are gladly exchanging lower realization for strong rate increases.
By Justin Henry | March 20, 2024
A group of 185 Chinese limited partners who put money into a $2.5 billion redevelopment project in Century City, Los Angeles, say the firm's "failure to exercise a modicum of diligence" helped cost them their entire stake.
By Maria Dinzeo | February 14, 2024
"The people who regulate the profession are the profession. They are judges and members of the bar. So what incentive do they have to give away that control to the machine?" said Foster Sayers, vice president of legal ops at health tech company symplr.
By Andrew Maloney | January 24, 2024
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.
The American Lawyer | Analysis
By Dan Roe | January 10, 2024
Dechert has hiked its rates for a top partner by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.
The American Lawyer | Analysis
By Jessie Yount | November 13, 2023
AI isn't the first technology to disrupt the legal industry, but it's driving a faster pace of change and altering the law firm-legal department relationship, legal analysts report.
By Charles Toutant | November 8, 2023
"I was not in a good place," said a client, who is also a lawyer. "They went through a whole iteration of their knowledge of the [Internal Revenue Code], and ... they seemed knowledgeable."
By Greg Andrews | October 4, 2023
The social media company, now owned by Elon Musk, had called her request "unreasonable in the extreme" and sought to slash it by 90%.
By Jessie Yount | September 11, 2023
Wachtell counsel Morrison & Foerster on Friday filed a motion to compel arbitration of a lawsuit brought by Twitter over legal fees.
By Maria Dinzeo | August 17, 2023
Lawyers for ex-Twitter CLO Vijaya Gadde blasted the platform and its new owner for failing "Although Twitter would like to pretend it is a party that dutifully pays its contractual obligations as they come due, it is in fact perpetually delinquent and is gaining a well-earned reputation for shirking its commitments,"
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