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The Recorder

Regional West Coast Firms See Modest Gross Revenue Increases, as Equity Partner Tiers Contract

Hanson Bridgett, Stoel Rives and Procopio all had gross revenue or profit increases last year, while declines in their equity partnerships helped to boost PEP.
6 minute read

The American Lawyer

Latham & Watkins Grows Bonus Pool With 15% of Profits, as Firms Seek Flexibility to Reward Top Earners

While Latham has been gradually expanding its bonus pool, other firms have reallocated the value of share points to reach similar ends.
5 minute read

The American Lawyer

The Law Firms and Lawyers That Benefit Most From Private Equity Designation

An in-depth investigation featuring interviews with a wide range of market leaders has shown the law firms and lawyers that frequently get designated mandates on private equity transactions in the UK.
5 minute read

The American Lawyer

The Global Lawyer: How to Grow Fast Like Kirkland

Class actions are set for significant growth across the globe and law firms that corner the market could reap big rewards, Paul Hodkinson writes.
6 minute read

New Jersey Law Journal

'Bridgegate' Prosecutor Joins Arnold & Porter in Newark

Lee Cortes started his legal career with predecessor Kaye & Scholer before entering public service. The firm also added the leader of the environmental practice at Maine-based Preti, Flaherty, Beliveau & Pachios.
4 minute read

The American Lawyer

Realization Rates Keep Falling in the Am Law 200. But Does That Matter?

While a few firms attributed declining realization to market factors, the majority are gladly exchanging lower realization for strong rate increases.
3 minute read

New Jersey Law Journal

Lowenstein Sandler Sees Double-Digit Drops After Contingency-Aided 2022

Core revenue increased from the previous year if contingency fees are removed from the equation, according to chairman and managing partner Gary Wingens. The firm is also poised to bring on a new chief operating officer, Goodwin Procter veteran Michael Caplan. 
4 minute read

The American Lawyer

Law Firm Data at Risk? The Microsoft AI Loophole That Legal Players Missed

Sources said several law firms and legal tech providers dove into integrations with Microsoft's Azure OpenAI Service without noticing the fine print that authorizes Microsoft employees to manually review certain prompts.
10 minute read

The American Lawyer

The Asia Market Continues to Baffle Law Firm Leaders. In Singapore, Cracks Have Emerged

Asia is no longer cheap and the region's markets are mature enough that firms scoping out opportunities must first do their homework, and do it carefully. If they don't, they may not last, Jessica Seah writes in the Asia Legal Briefing.
5 minute read

The American Lawyer

Who Is Responsible for Protecting Lawyers' Mental Health?

"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."
6 minute read

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