Competitive intelligence and news on billing rates, evolving rate pressures and alternative pricing.
By Matthew Kay and Geraldine Kelm, Pinsent Masons Vario | July 17, 2023
In-house legal teams are using technology to a greater extent, and are extracting greater value from it. As a result, there's been more of a demand for freelance lawyers to have greater experience and expertise in using legal technology and working in collaboration with IT professionals.
5 minute read
By Tom Parry | July 12, 2023
As charge-out rates rocket alongside inflation and interest rates, top in-house lawyers say that the need to revolutionise the billable hour model is more urgent than ever.
9 minute read
By Dan Roe | July 11, 2023
The firm gets paid 60% to 80% of investment banks working on the same deals and two to three times its billable rate on "premium-billing" litigation matters, according to a court filing.
5 minute read
Delaware Business Court Insider
By Dan Roe | July 11, 2023
The firm gets paid 60% to 80% of investment banks working on the same deals and two to three times its billable rate on "premium-billing" litigation matters, according to a court filing.
5 minute read
By Dan Roe | July 9, 2023
A complaint filed this week alleges Wachtell added a $71 million success fee to accrued hourly billables, which lame-duck in-house counsel approved against Musk's orders.
3 minute read
By Dan Roe | July 7, 2023
A complaint filed this week alleges Wachtell added a $71 million success fee to accrued hourly billables, which lame-duck in-house counsel approved against Musk's orders.
3 minute read
By Alexander M. Geisler | July 7, 2023
The problem isn't that economies are cyclical, that's a fact of life. The problem here is that Big Law can sometimes have unrealistic reactions to both upturns and downturns. If this happens, it's not in the interests of their own attorneys or their clients. It's inhumane and unhealthy.
4 minute read
By Adolfo Pesquera | June 30, 2023
The decision could affect multiple mass-tort disputes and fee fights, including litigation involving the Houston Astros and attorney fees in lawsuits over Paxil medication.
6 minute read
By Michael A. Mora | June 14, 2023
"A client can decide to pay for a Ferrari in order to get from Point A to Point B, but the losing party only has to pay for a Ford," said Edward Mullins, a partner at Reed Smith not involved in the matter, in characterizing the federal judge's reasoning on the attorney fees ruling.
4 minute read
By Dan Roe | June 2, 2023
As law firms wait and see whether the economy picks up in the third quarter, associates at risk of layoffs are feeling the other side of the billable hour's wrath.
6 minute read
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Professional Announcement
Frederick D. Miceli has joined the firm as Of Counsel
Professional Announcement
