Photo: Shutterstock With Profit Growth Expected in 2020, Big Law Outlook Remains Positive for Next Year
Law firm demand contracted by about 0.7% in the first nine months of the year, but total expenses were down 2.1%, according to a new report that projected a positive 2021 outlook for firms with strong brands and diverse practice areas.
December 01, 2020 at 05:00 AM
5 minute read
The legal industry is projected to come out of 2020 in relatively good shape, with mid-single-digit revenue growth, according to a new report from Citi Private Bank Law Firm Group and Hildebrandt Consulting.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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