By Dylan Jackson | December 4, 2020
Nick Gravante's stunning departure from the firm he helped lead through a messy transition has put Boies Schiller Flexner's future in doubt, industry experts and sources close to the firm say.
By Andrew Maloney | December 1, 2020
Law firm demand contracted by about 0.7% in the first nine months of the year, but total expenses were down 2.1%, according to a new report that projected a positive 2021 outlook for firms with strong brands and diverse practice areas.
By Justin Henry | November 30, 2020
Economic conditions and underperforming lawyers are among the greatest risks to profitability, firm business leaders said in a recent Thomson Reuters survey.
The American Lawyer | Analysis
By Dan Packel | September 2, 2020
Altman Weil consultant Eric Seeger has spoken with roughly three dozen managing partners over the last month. Every one is looking into a head-count reduction.
By Dylan Jackson | August 21, 2020
Law firms are picking up the pace of "counseling out" equity and nonequity partners, many of which are in the hard-hit corporate space, sources said.
By Christine Simmons | Dan Packel | August 20, 2020
Pillsbury, K&L Gates and Crowell & Moring are the latest firms to walk back some of their pandemic-related pay cuts.
The American Lawyer | Analysis
By Dylan Jackson | David Thomas | July 20, 2020
The firm's managing partners say that the "vast majority" of the firm's 80 partner and of counsel departures since January last year have been planned, a line that several former attorneys dispute.
By Dylan Jackson | July 9, 2020
Law firms received millions in the form of loans and grants as part of the Paycheck Protection Program. But as the money begins to run out, and COVID-19 cases continue to rise in states such as California, Florida and Texas, law firms are not out of the woods yet.
By Dylan Jackson | July 6, 2020
At least 45 law firms in the Am Law 200 received SBA loans this year.
By Dan Packel | June 23, 2020
Thanks to a strong first quarter, demand through the first five months of 2020 is only down 1.4%. But May told a different story than the months before it.
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