Law Firms' Focus on Collections Pays Off: The Morning Minute
The news and analysis you need to start your day.
December 16, 2021 at 06:00 AM
5 minute read
Want to get this daily news briefing by email? Here's the sign-up.
WHAT WE'RE WATCHING
PAYING OFF - What if I told you that dollar figure you put on your client invoices could become… real money? As Law.com's Andrew Maloney reports, the just-released 2022 Citi Hildebrandt Client Advisory shows that law firms' focus on billing and collections, which increased in 2020 with the onset of COVID-19, helped boost inventory by 12.4% throughout the Am Law 200 this year. As a result, it's likely to remain an emphasis for lawyers going forward. Brad Hildebrandt, founder of Hildebrandt Consulting and a co-author of the client advisory report, said firms have always aspired to improve billing hygiene, but the rise of remote work probably helped them accomplish that goal, as lawyers and employees more broadly may have been more intentional about recording time while away from the office. "I think that's probably going to continue," Hildebrandt said.
MIDSIZE MEGAMATTER MARAUDERS - While Big Law's busy underestimating the threat of their small and midsize competitors, those firms are apparently busy stealing significant work. That's according to a new report from Wolters Kluwer's LegalView Insights. After analyzing $150 billion in law firm invoices from the company's e-billing tools, spanning 2015 to 2020, director of legal operations and industry insights Nathan Cemenska found that nearly 28% of "megamatters"—those matters that generate more than $1 million in legal spend—went to small and midsize law firms, Law.com's Dan Roe reports. By comparison, 59% of megamatters went to the Am Law 100, with the 20 top firms taking 27% of megamatters. The Am Law Second Hundred took just 6% of megamatters, while U.K.-based Big Law firms took 3.7% and alternative legal service providers took 2.2%.For Cemenska, who formerly worked on legal operations in corporate legal departments, megamatters represent the biggest opportunities for client cost savings. "There's this narrative that small- and medium-sized law firms are fine to use on small matters, but you can't have them do anything serious because they're going to mess it up," Cemenska said in an interview. "If that were true, how come 28% of spending over $1 million is going to small and midsize law firms outside the Am Law 200?"
CELL SERVICE - Davis Wright Tremaine filed a lawsuit Wednesday in District of Columbia District Court challenging a subpoena issued by the U.S. House Select Committee to Investigate the January 6th Attack on the United States Capitol. The complaint was brought on behalf of photojournalist Amy Harris, who challenges the constitutionality of a subpoena instructing Verizon to produce all records associated with her cell phone number from November 1, 2020 to January 31, 2021. During this three-month period, Harris contends that she was engaged in a project that documents the extremist group the Proud Boys, and used her private phone to contact sources. The case is 1:21-cv-03290, Haris v. U.S. House Select Committee to Investigate The January 6th Attack on the United States Capitol et al. Stay up on the latest deals and litigation with the new Law.com Radar.
EDITOR'S PICKS
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllApple Files Appeal to DC Circuit Aiming to Intervene in Google Search Monopoly Case
3 minute readInside Track: Why Relentless Self-Promoters Need Not Apply for GC Posts
Law Firms Mentioned
Trending Stories
- 1Uber Files RICO Suit Against Plaintiff-Side Firms Alleging Fraudulent Injury Claims
- 2The Law Firm Disrupted: Scrutinizing the Elephant More Than the Mouse
- 3Inherent Diminished Value Damages Unavailable to 3rd-Party Claimants, Court Says
- 4Pa. Defense Firm Sued by Client Over Ex-Eagles Player's $43.5M Med Mal Win
- 5Losses Mount at Morris Manning, but Departing Ex-Chair Stays Bullish About His Old Firm's Future
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250