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By Zack Needles | February 7, 2023
The news and analysis you need to start your day.
4 minute read
By Andrew Maloney | February 7, 2023
Firm costs actually dropped by the end of 2022, partly because firms were more frugal in staffing and pay. Law firms will continue to be vigilant on expense growth in 2023, analysts say.
5 minute read
By Alexander Lugo | February 6, 2023
"The outperformance in Florida was very evident," said Owen Burman, a senior consultant at Wells Fargo Private Bank Legal Specialty Group, which produced the report. "Florida is in pretty good shape for a strong first quarter."
3 minute read
By Alexander Lugo | February 3, 2023
"The outperformance in Florida was very evident," said Owen Burman, a senior consultant at Wells Fargo Private Bank Legal Specialty Group, which produced the report. "Florida is in pretty good shape for a strong first quarter."
3 minute read
By Jessie Yount | February 3, 2023
California firms projected demand growth of 3.5% and revenue growth of 5% for fiscal 2023, but the forecast for top-line growth was somewhat "muted" given the "very healthy" demand expectations, said Wells Fargo Legal Specialty Group managing director Owen Burman.
3 minute read
By Brenda Sapino Jeffreys | February 2, 2023
A group of nine firms founded in Texas that participated in the Wells Fargo Legal Specialty Group 2022 year-end survey outperformed the industry in many metrics, including productivity.
3 minute read
By Jessie Yount | February 1, 2023
"We're seeing a lot of interest in mergers of magnitude because laterals and [lateral] groups tend to rarely result in net growth, or net growth that is satisfying to the overall strategy," said law firm consultant Kristin Stark.
4 minute read
By Jessie Yount | February 1, 2023
"We're seeing a lot of interest in mergers of magnitude because laterals and [lateral] groups tend to rarely result in net growth, or net growth that is satisfying to the overall strategy," said law firm consultant Kristin Stark.
4 minute read
By Andrew Maloney | January 31, 2023
More large firms are also building their own ALSPs, according to a new report.
4 minute read
By Dan Roe | January 31, 2023
Historic declines in productivity mean the first quarter of 2023 will determine whether economic pains follow law firms' years of gains, said Wells Fargo Legal Specialty Group managing director Owen Burman.
3 minute read
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