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By Andrew Maloney | February 14, 2024
"Our talent levels became misaligned with our existing and projected client demand, particularly in our large transactional practices. I take responsibility for this and am truly sorry that those decisions have led to a significant impact on our people today," said Fenwick & West's chair.
4 minute read
By Abigail Adcox | February 14, 2024
Even as the equity tier expanded and the firm's profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe's total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.
4 minute read
By Dan Roe | February 14, 2024
As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
7 minute read
By Ross Todd | February 14, 2024
"Billable hours worked, the market's favored measure of demand for legal services, is simply becoming a less useful measurement," write the authors of a report issued this week by The Thomson Reuters Institute.
4 minute read
By Brenda Sapino Jeffreys | February 13, 2024
Despite growth in its lawyer head count and equity partner ranks, Houston-based Vinson & Elkins also improved its revenue per lawyer by 2.7% and its profits per equity partner by 3.6%.
6 minute read
By Andrew Maloney | February 13, 2024
Jenner surpassed even its own revenue target in 2023, while the firm increased PEP by nearly 18% amid a 4% contraction in its equity tier.
5 minute read
By Justin Henry | Dan Roe | February 13, 2024
"It's interesting to me that those in the top 50 did even better than those in the next 50," said Marci Taylor, a law firm strategy consultant and founder of Mantra Partner, in regard to early reports.
6 minute read
By Justin Henry | February 13, 2024
The global firm brought in $2.68 billion in revenue, which translated into $2.74 million in profits per equity partner.
6 minute read
By Abigail Adcox | February 12, 2024
"Many do compete with the New York firms," said Wells Fargo's Owen Burman about D.C. firms. "But it's not universal."
5 minute read
By Abigail Adcox | February 12, 2024
D.C. firms say their deep regulatory and litigation background is working to their advantage, contributing to growing profits, particularly in years where transactional work has been softer.
7 minute read
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Seeking Estate Administration Attorney for busy boutique office. Huge upside potential and growth opportunity.NYS Bar Admission and relevan...
COLE SCHOTZ P.C.TRUSTS & ESTATES ADMINISTRATION PARALEGAL - NEW JERSEY, NEW YORK OR FLORIDA OFFICE:Prominent NJ based law firm with mult...
Wall Street law firm with diverse business practice seeks transactional attorney with at least 4 years of experience. Must have solid experi...
Professional Announcement
Frederick D. Miceli has joined the firm as Of Counsel
Professional Announcement