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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 Maria Dinzeo | February 14, 2024
"The people who regulate the profession are the profession. They are judges and members of the bar. So what incentive do they have to give away that control to the machine?" said Foster Sayers, vice president of legal ops at health tech company symplr.
7 minute read
By Amanda O'Brien | February 12, 2024
The Philadelphia-based litigation defense firm has expanded its footprint into Cherry Hill and Long Island.
4 minute read
By Dan Roe | February 12, 2024
The Am Law 50 finished the fourth quarter with nearly 8% more fees worked than Q4 2022 despite a decline in demand, according to a new Thomson Reuters report.
3 minute read
By Amanda O'Brien | February 7, 2024
"I don't want to sound pessimistic, but the time of the smaller insurance defense shop is probably going away," said Weber Gallagher chairman Andrew Indeck.
4 minute read
By Patrick Smith | February 6, 2024
Alexei Cowett had been at Venable since 2015 and has advised on more than $60 billion in closed transactions across various media, McDermott said.
3 minute read
By Thomas Spigolon | February 5, 2024
If midsize firms can't match the top of the market in associate compensation, they should tout other perks to potential recruits, said recruiter Steve Stone. For some, non-financial benefits include earlier access to client contact and work-life balance.
7 minute read
By Patrick Smith | February 5, 2024
The firm's growth strategy includes expanding capital markets for a practice that is more than just a "support function" for other practices, said firm chair Frank Lopez.
3 minute read
By Brenda Sapino Jeffreys | February 2, 2024
A group of homegrown Texas firms did better than the industry average in a number of financial metrics in 2023, according to a Wells Fargo Legal Specialty Group year-end survey.
3 minute read
By Patrick Smith | February 2, 2024
"The tweaking of their model may have stopped some people from leaving, but they don't seem to be leveraging the other aspect of breaking lockstep to expand and grow," noted one observer.
8 minute read
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