By Maria Dinzeo | July 26, 2023
Twitter rapped its former legal chief for enlisting eight Sidley Austin professionals—five partners, two associates and a policy adviser—in connection with her one-day appearance before a House committee. "This is not a case of mere duplication of effort," its filing said. "This is a case of quadruplication of effort."
The American Lawyer | Analysis
By Dan Roe | July 11, 2023
The firm gets paid 60% to 80% of investment banks working on the same deals and two to three times its billable rate on "premium-billing" litigation matters, according to a court filing.
By Dan Roe | July 7, 2023
A complaint filed this week alleges Wachtell added a $71 million success fee to accrued hourly billables, which lame-duck in-house counsel approved against Musk's orders.
By Jessie Yount | May 30, 2023
Firms are taking varied approaches to billing rate increases, weighing client incentives and the cost of inflation.
By Andrew Maloney | May 24, 2023
The median hourly rate for partners in M&A shot up the highest, while partners in Chicago, D.C. and LA saw some of the largest increases.
The American Lawyer | Analysis
By Amanda O'Brien | Justin Henry | April 10, 2023
Troutman saw a 2.8% increase in net income spread across an equity partner pool that shrunk 8.5%, allowing profits per equity partner to soar 12.4% to $1.55 million, as the firm de-equitized some of its partnership.
By Dan Roe | March 22, 2023
The global law firm finished 2022 down 3.8% on gross revenue and 12.8% on profits per equity partner after separating from 17 partners and more than 200 personnel in Russia.
By Dan Roe | March 6, 2023
The global law firm increased gross revenue by 12.4% and head count by 10.7% without reducing RPL or PEP.
The American Lawyer | Analysis
By Andrew Maloney | Patrick Smith | January 17, 2023
"Getting people to come back in the office is continuing to be a challenge," said one Am Law 100 leader. "Do we lay down the law? Or is the cost of doing that not worth the price we will pay?"
By Justin Henry | December 27, 2022
The nine-member committee of unsecured creditors includes a mix of individual investors and trading platforms in the cryptocurrency sector.
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