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International Edition

The Price of Time: Should Law Firms Sell Minutes or Value?

As the legal industry grapples with the rise of AI, the once-immutable billable hour faces unprecedented scrutiny.
4 minute read

Pro Mid Market

Hodgson Russ Expects Double-Digit Growth This Year After Ranking First Among Mid-Market 50 Firms

Hodgson Russ is expecting double-digit growth in profits and income after last year's slump in both categories, coming from a boost in work within the firm's litigation and corporate practices.
4 minute read

National Law Journal

Average Partner Pay in D.C. Is Climbing—but Not as Fast as Billing Rates

The average pay for Am Law 200 partners, including equity and nonequity partners, in D.C. has eclipsed $1.5 million.
3 minute read

The American Lawyer

The Practices With the Highest Jumps in Partner Pay

"It's definitely a good time to be a law firm partner," said Major, Lindsey & Africa's Louis Ramos, referring to a survey showing partners are relatively happy with their pay.
4 minute read

International Edition

Can AI Beat the Billable Hour? Legal Tech Firms Say Selling AI Products to Law Firms Still a Challenge

In-house teams continue to make up the majority of legal tech company clients and profit growth, tech leaders say.
6 minute read

The American Lawyer

Average Partner Pay 'Surges' in Both Equity and Nonequity Tiers

The average origination amount for a partner also shot up last year, amid a general trend of partners maintaining bigger books of business.
5 minute read

The American Lawyer

At Least a $5M Book of Business: Partner Expectations Tighten

More top law firms have initiated earnings expectations for their equity partners, such as at least $5 million to $7 million in business each year.
5 minute read

International Edition

UK's Top Partners Billing $1,300+ Per Hour Driven by US Rivals

"We know law firms have been using rates to increase that top line for a number of years and I suppose the question that arises is: 'How much longer is that possible?'"—PwC.
2 minute read

The American Lawyer

Rates Will Go Up (Again), But Here's Why Profitability Might Not Be Maximized

There are three major pricing errors, and many partners "don't grasp the balance between costs, pricing and profits," one expert says.
4 minute read

International Edition

A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership

The changes follow the news that the firm is to trim its partner numbers and withdraw from certain areas, as elite law firms seek ways to better reward top performers.
3 minute read

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