The American Lawyer | Analysis
By Dan Roe | March 25, 2024
While a few firms attributed declining realization to market factors, the majority are gladly exchanging lower realization for strong rate increases.
The American Lawyer | Analysis
By Dan Roe | March 21, 2024
"Human nature is responsible," said Florida State University College of Law professor Lawrence Kriege. "If you look at history, there has been a persistent problem that has plagued mankind forever, and it's called greed. It can be greed for money, greed for power, greed for prestige—but it's greed."
By Trudy Knockless | March 20, 2024
One challenge for legal departments is that it is hard to demonstrate the value of something not happening—a threatened lawsuit not being filed or a regulatory fine not being assessed.
The American Lawyer | Analysis
By Justin Henry | March 19, 2024
Firms like Kirkland & Ellis and DLA Piper have used forgivable loans to bat away offers from rivals and Shearman & Sterling has used them to incentivize partners at the firm to stick around for the merger with Allen & Overy.
By Alexander Lugo | March 15, 2024
Davis Wright Tremaine managing partner Scott MacCormack's abrupt resignation from his leadership role illustrates the growing pressures on what one observer called "easily the most difficult job at the firm."
The Legal Intelligencer | Analysis|News
By Amanda O'Brien | March 13, 2024
Chairman and CEO Matt Taylor pinned the 3.6% dip on pressures on transactional work.
The American Lawyer | Analysis|News
By Amanda O'Brien | March 12, 2024
"The data looks a lot like what it was in the Great Recession," said Nikia Gray, executive director of the National Association for Law Placement. "We don't think it's because the legal market is going through a recession, but because the law firms are overleveraged."
The Legal Intelligencer | Analysis|News
By Amanda O'Brien | March 7, 2024
"With public sector clients, you're frequently dealing with people who aren't lawyers," said Mantra Partner founder and CEO Marci Taylor. "You're writing knowing that there's a high likelihood that your invoices will be made public."
The Legal Intelligencer | Analysis|News
By Amanda O'Brien | March 7, 2024
The firm's revenues climbed by 5.5% to hit $653 million. "We're not looking for a business that's up 20% in the good years and down 8% in the bad years," explained firm chairman Michael Heller.
The American Lawyer | Analysis
By Andrew Maloney | March 6, 2024
"The movement over the past month has [confirmed that] we're going to continue seeing some of the largest, highest-profit firms have this tremendous recruiting advantage," noted law firm consultant Kristin Stark.
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