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By Dan Roe | March 18, 2024
Gross revenue was up 12.3% while profits per equity partner rose 13.4% during the firm's 28th consecutive year of revenue growth. In 2023, the firm expanded globally, launching in the Middle East in both Abu Dhabi and Riyadh. It also added a nine-lawyer energy and infrastructure team in Paris.
6 minute read
By Kasvi Sehgal | March 18, 2024
"We are conducting a small and targeted restructuring in selected areas of the firm to manage costs and shape our size and capabilities to practice demand," a firm spokesperson confirmed.
2 minute read
By Andrew Maloney | March 18, 2024
The firm continued to improve its profit margin, as average PEP rose nearly 6% to $7.955 million, according to American Lawyer reporting.
5 minute read
By Paul Hodkinson | Lisa Shuchman | March 17, 2024
If only we could boost the legal industry's mental health as easily as U.S. law firms are boosting profits, the Global Lawyer writes.
8 minute read
By Dan Roe | March 15, 2024
Diversified practice areas and geographies continue to prove fruitful for the global law firm.
5 minute read
By Alexander Lugo | March 15, 2024
The firm, which grew in Colombia and also has two offices in Mexico, reported over $1.8 billion in 2023 revenue, marking the addition of over $800 million to the top line since 2019.
4 minute read
By Patrick Smith | March 14, 2024
Revenue from the firm's London office generated $130 million -- an increase of 30% year-over-year, co-chairs Matthew Feldman and Tom Cerabino said, adding that Willkie Farr derives about 20% of its revenue from Europe and the U.K.
5 minute read
By Dan Roe | March 14, 2024
Gross revenue slid by 3.6% last year, but the firm started March 2024 with 20% more inventory than the previous March.
6 minute read
By Patrick Smith | March 13, 2024
"We did more than our share of capital markets work in the crappiest market we have seen in a long time," said Cooley chair Joe Conroy.
5 minute read
By Dan Roe | March 13, 2024
While the firm's U.S. offices continued to be responsible for the lion's share of revenue, offices in the U.K., Continental Europe, Asia, the Middle East and Australia also contributed to its total revenue of $840 million, said firm global CEO Steve Baumer.
3 minute read
By Paul Hodkinson | May 1, 2024
Here are five things to look out for that will offer some insights into the merger's success before any clear financial metrics emerge, writes Law.com International Editor-in-Chief Paul Hodkinson in this bimonthly column.
7 minute read
By Paul Hodkinson | May 1, 2024
Here are five things to look out for that will offer some insights into the merger's success before any clear financial metrics emerge, writes Law.com International Editor-in-Chief Paul Hodkinson in this bimonthly column.
6 minute read
By Andrew Maloney | May 1, 2024
Billing rate growth "continues to be the primary contributor to revenue growth," with standard rates increasing 9% in Q1 2024, Wells Fargo said.
4 minute read
By Patrick Smith | May 1, 2024
The New York law firm is the third Am Law 100 law firm to announce a Boston location in the last eight days.
4 minute read
By Thomas Spigolon | April 30, 2024
The Southeast being "kind of the epicenter of IRS enforcement" involving conservation easement disputes in 2023 was the main driver of increased profits, the managing shareholder said.
5 minute read
By Andrew Maloney | April 30, 2024
Law firm profit margins will decrease because "AI disproportionately impacts non-partner hours," the hours yielding the highest margins, noted a Law.com Pro Fellows report.
5 minute read
By Patrick Smith | April 29, 2024
Private equity deals appear to be making a comeback this year.
8 minute read
By Brenda Sapino Jeffreys | April 26, 2024
The firm saw its financial metrics rise in 2023, as demand across a range of practices accelerated during the second half of the firm's fiscal year.
5 minute read
By Andrew Maloney | April 25, 2024
Among nine Am Law 200 firms from the Show Me State, the majority saw gains in revenue, RPL and average profits per equity partner.
5 minute read
By Amanda O'Brien | April 25, 2024
An analysis by The Legal looked at Am Law 100 revenue and net income figures and determined that eight of Pennsylvania's firms saw their total costs outpace revenue growth by anywhere between 0.5% and 4.6%
5 minute read
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The Daily Report is honoring those attorneys and judges who have made a remarkable difference in the legal profession.
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