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The American Lawyer

Latham Blocks Hong Kong Lawyers' Access to Foreign Files, Is It Making the Right Call?

'If they had consulted the lawyers here, they would have gotten opposition,' says one insider, while rivals believe the firm risks being ostracized by Chinese companies.
7 minute read

The American Lawyer

Big Law Is Aggressive With Rates. Should Midsize Firms Follow?

As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
7 minute read

The American Lawyer

Is the Billable Hour in For a Slow Death?

A newly released report from the law firm network Lex Mundi has reinvigorated the age-old debate on the topic.
7 minute read

The American Lawyer

Chasing Higher Performance, Top Firms Are Refreshing Comp Systems to Court Laterals

Embracing the nonequity tier, building bigger bonus pools and moving to a "black box" for individual earnings are all on the table.
11 minute read

The American Lawyer

Have Transactional Demand Levels Slowed Lateral Partner Hiring?

Partner lateral moves fell in 2023 but remained robust, according to data from Law.com Compass. And it's still a fragmented industry, including in lateral hiring.
8 minute read

The American Lawyer

Latest Big Law Layoffs Illustrate Inconsistency in Market as Some 'Still Haven't Seen That Bounce Back'

"Our talent levels became misaligned with our existing and projected client demand, particularly in our large transactional practices. I take responsibility for this and am truly sorry that those decisions have led to a significant impact on our people today," said Fenwick & West's chair.
4 minute read

National Law Journal

Steptoe's Revenue Grew 13% Amid Lateral Expansion and Rising Litigation Demand

Even as the equity tier expanded and the firm's profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe's total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.
4 minute read

Legaltech News

Several Industries Are Turning to Unions to Mitigate AI Impact. What About Legal?

Though law firms' structures have long been an obstacle to successful unionization efforts, generative AI could push the legal industry to consider collective bargaining.
6 minute read

The American Lawyer

Impressive Gains at Quinn Emanuel, Hogan Lovells, Milbank Suggest a Healthy 2023 for Am Law 100

"It's interesting to me that those in the top 50 did even better than those in the next 50," said Marci Taylor, a law firm strategy consultant and founder of Mantra Partner, in regard to early reports.
6 minute read

National Law Journal

As Associate Pay Raises Divide the Market, Several Law Firms Match, Others Hold Off

"Many do compete with the New York firms," said Wells Fargo's Owen Burman about D.C. firms. "But it's not universal."
5 minute read

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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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