Competitive intelligence and news on billing rates, evolving rate pressures and alternative pricing.
By Jessie Yount | May 30, 2023
Firms are taking varied approaches to billing rate increases, weighing client incentives and the cost of inflation.
5 minute read
By Dan Roe | May 30, 2023
"Frankly, I do not give assignments to associates and junior partners who are not in the office at least 3 days a week," wrote one Am Law 100 practice leader.
6 minute read
By Colleen Murphy | May 25, 2023
"Based upon our review of the relevant rules, commentary thereto, and case law, there is no rule as rigorous as the one defendants urge us to adopt; there is no specific pronouncement requiring a retainer agreement to explicitly set forth the unit of incremental billing to be used," Judge Maritza Berdote Byrne said. "Defendants urge us to require retainer agreements include disclosure of incremental billing units, although unsupported in our current jurisprudence."
3 minute read
By Andrew Maloney | May 24, 2023
The median hourly rate for partners in M&A shot up the highest, while partners in Chicago, D.C. and LA saw some of the largest increases.
4 minute read
By Justin Henry | May 23, 2023
Am Law 100 partners are defecting to Second Hundred firms for better business development opportunities, and their clients are on board.
10 minute read
By Maria Dinzeo | May 22, 2023
"Touching partner compensation is the third rail of law firm politics. You don't touch it. It can cause a lot of consequences you're not ready for," said Ken Callander, principal at Value Strategies.
6 minute read
By Adolfo Pesquera | May 18, 2023
Allegedly unbeknownst to the firm, the associate filed a motion to withdraw, and told the presiding judge that the client had retained other lawyers, the complaint claims.
3 minute read
By Amanda O'Brien | May 10, 2023
James Smedley, formerly the chairman of Ellenoff's intellectual property and technology group, said he and fellow intellectual property partner Alex Korona "hit a ceiling" at their prior firm.
4 minute read
By Dan Roe | May 10, 2023
Midsize and Second Hundred law firms have raised associate salaries more than the Am Law 100, according to new data from NALP, putting profitability pressure on associates at firms that thrive on work-life balance.
4 minute read
By Cedra Mayfield | April 25, 2023
The lawyer's counsel said his career had been "built on speaking truth to power" but that "some people despise him for that."
6 minute read
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Professional Announcement
Frederick D. Miceli has joined the firm as Of Counsel
Professional Announcement
