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Exclusive law firm financial reporting and rankings. News, trends and analysis of law firm management; leadership profiles, market reports and case studies.
By ALM Staff | March 22, 2024
"Being a practice leader is a responsibility—not a role. Whether establishing a new practice, growing an existing practice, or taking a practice in a different direction, do it in a way that includes and leverages every lawyer, law clerk, paralegal and administrative staff member in the practice—help everyone rise together as a team."
10 minute read
By Marci Taylor | March 22, 2024
As Gen X and millennials ascend to leadership positions in law firms, they have a lot on their respective plates—an industry facing rapid change, innovation promising to fundamentally change the way lawyers work, continued stratification in the market, ongoing struggles to attract and retain talent and the daunting task of building thriving firm cultures in a hybrid work world.
6 minute read
By Patrick Smith | March 22, 2024
"There was no plan for mass de-equitization," said chair Kenneth Rosh. "We do manage it [the partnership], and there were some laterals who left and some retirements."
6 minute read
By Isha Marathe | March 21, 2024
Armen Martin, the CEO and co-founder of virtual law firm Foundation Law Group said that, while he understands traditional law firms' concerns about the hybrid or virtual models, there are some advantages to both lawyers and clients.
6 minute read
By Amanda O'Brien | March 21, 2024
The funder claims the firm's Chapter 11 filing was a bad-faith effort to delay trial and forum shop in a dispute stemming from a $5.79 million loan agreement.
4 minute read
By Thomas Spigolon | March 21, 2024
"We're not going to limit the people who should be partners when they've achieved the firm's milestones," said CEO Betty Temple.
6 minute read
By Patrick Smith | March 21, 2024
Despite a higher head count in 2023, Goodwin said it did not plan on any force reductions in 2024.
5 minute read
By Andrew Maloney | March 20, 2024
People were the engine of the Am Law 100 firm's gains last year, with 34 lateral partners and around 90 lawyers overall joining the firm, said Barnes managing partner Andy Detherage.
5 minute read
By Brenda Sapino Jeffreys | March 20, 2024
Law firm leasing activity hit a square-footage record in 2023, with eight of the 10 largest leases in New York, according to a new report from Cushman & Wakefield.
3 minute read
By Thomas Spigolon | March 20, 2024
The firm reached another financial milestone in 2023, when its PEP passed the $3 million mark for the first time, increasing 9.3% to $3.252 million.
5 minute read
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