By Andrew Maloney | September 9, 2021
It's clear 2021 is going to be another profitable year for law firms. What's unclear is just how much rate-increases are shaping it; whether clients are at a breaking point or demand will remain high enough for firms to keep increasing costs at similar levels.
By Jessie Yount | September 3, 2021
California firms outperformed the legal industry in other regions, with big revenue and profit growth in the first half.
By Andrew Maloney | August 10, 2021
"They don't want to come off these two years and have this profit cliff," Kristen Stark of Fairfax Associates said.
By Dylan Jackson | July 8, 2021
While 2020 ended strong, firm leaders and consultants said the loans were an important lifeline at a very uncertain time.
By Dan Packel | June 15, 2021
For senior associates, the salary raises meant a $25,000 pay bump, compared to recent top bonuses of first $40,000 and then $64,000.
By Christine Simmons | June 10, 2021
"We have consistently told our associates it's our goal to pay at the top of the market," said firm chair Scott Edelman.
By Ben Seal | June 1, 2021
Your peer group changes as your firm changes, and as the market changes—and the market continues to do just that.
By Andrew Maloney | May 20, 2021
Leaders of firms such as Sidley Austin, Ropes & Gray and Cooley say they've already noticed shifting expenses this year.
By Dylan Jackson | May 18, 2021
While not quite matching the eye-popping results of some of their Am Law 100 counterparts, the nine California Am Law 200 firms still saw profits and revenue rise in 2020.
By Zack Needles | Karen Sloan | April 30, 2021
Despite—or, perhaps more accurately, because of—its rocky start, 2020 ended up being a banner year for Big Law financials. The pandemic forced law firms to cut costs in a major way, but there was a lot more than that behind firms' soaring profits.
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