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By Andrew Maloney | December 2, 2022
Profit pressure from rising client discounts is also "driving lawyers hard to increase billable hours" and that could jeopardize talent if it continues, according to a new report.
4 minute read
By Jacob Polacheck | December 2, 2022
Amelia Medina became one of FBI Director Chris Wray's closest aides and most trusted advisers, King & Spalding said.
3 minute read
By Justin Henry | Jessie Yount | December 2, 2022
One lesson that can be gleaned is the importance of building broad corporate practices and offering a range of industry expertise, according to industry observers.
6 minute read
By Andrew Maloney | December 1, 2022
Law firms may not want to expand and incur even more expenses after a costly 2021 and 2022. "There's a lot of concern about all of these really high expenses that have been incurred over the last couple years," said Georgetown's Jim Jones.
5 minute read
By Dan Roe | November 29, 2022
The law firm omitted eighth-year associate bonuses in a Tuesday email from firm management.
2 minute read
By Andrew Maloney | November 29, 2022
If it used to take 30 days for a payment, it's now taking 60; if it used to take 60 days, it's taking 90, said Citi's Gretta Rusanow.
4 minute read
By Dan Roe | November 23, 2022
A downturn in transactional work will likely cause more segmentation in year-end bonus payments following two years of bonus-matching.
3 minute read
By Jacob Polacheck | November 22, 2022
Heading into 2023, Atlanta law firms are in a good position to "lead the market," according to a Wells Fargo analyst.
4 minute read
By Andrew Maloney | November 22, 2022
"We're seeing higher planned rate increases at this point than we've ever seen, and we've been tracking this for 15 years," said a Wells Fargo analyst.
4 minute read
By Jessie Yount | November 21, 2022
"The fact that firms kept demand flat means, one, they have broad business practices that are countercyclical and not only weighted in capital markets; and, two, perhaps they are gaining share nationwide," said Owen Burman, segment manager for the Wells Fargo Private Bank Legal Specialty Group.
3 minute read
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