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The American Lawyer

How The Am Law 100 Left $4.4B On the Table in 2018

Discounted billable rates are costing law firms billions in lost profits. They aren't helping clients much, either. How can Big Law move beyond the discount?
10 minute read

The American Lawyer

Big Law's International Tilt Has Gone Too Far. A Restructuring Beckons.

Head count is shrinking in major domestic markets and growing in major international markets, dragging down law firms' profitability in the process.
12 minute read

The American Lawyer

Can Cravath and Wachtell's Lean Lockstep Approach Keep Them on Top?

Despite mounting challenges, the firms are more profitable than ever. But success is no longer a guarantee, as competition grows and firms like Sullivan & Cromwell prove lockstep pay isn't fundamental to high performance.
14 minute read

The American Lawyer

The Am Law 100 Reached New Heights, Driven by Nearly Universal Growth

Revenue grew at an 8 percent clip, and growth was more evenly balanced throughout the Am Law 100 than in recent years.
9 minute read

The American Lawyer

Equity and Nonequity Partners Are on Divergent Paths

Nonequity partner pay is staying flat while equity partners are seeing profit growth.
5 minute read

Legaltech News

EY Eyes Continued Legal Services Growth With Pangea3 Acquisition

Big Four accounting firm EY continues its foray into legal with the acquisition of the legal managed services business Pangea3 from Thomson Reuters. And the company is not planning on stopping its growth in this sector any time soon.
3 minute read

Legaltech News

Sink or Swim: Law Firms Need to Leverage, Understand Tech to Survive

For law firms and their in-house partners to survive and thrive, differentiating services and analyzing big data will be key, while understanding and harnessing technology are the first steps, according to a Wolters Kluwer survey.
4 minute read

The Recorder

'Someone Has to Speak Up': Lawyers Suing Jones Day Say Career Risk Is Worth It

"I think the fear for me is in not holding powerful institutions and larger employers accountable, and in allowing law institutions like Jones Day to escape scrutiny," lawyer and plaintiff Nilab Tolton said.
8 minute read

The American Lawyer

Australia's Legal Technology Scene Is Beginning to Make Waves

In its focus on data and innovation, Australia is already proving to be a force on the global stage.
10 minute read

The American Lawyer

Profits Rise, But Big Law's Middle Class Still Feels the Squeeze

Partner profit growth was more evenly distributed among the Am Law 100 last year. But it's still tough to compete with firms boasting average partner profits above $3, $4 and even $5 million.
6 minute read

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More from ALM

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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