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The American Lawyer

Dealmakers Plan to Keep Investing in Private Equity Practices Amid Higher Expectations for 2024

Private equity attorneys from leading law firms say creative dealmaking could meet pent-up demand to produce an uptick in deals.
7 minute read

The American Lawyer

Even As Billing Rates Increase, Lack of Confidence in Fees and 'Subtle Psychology' May Lead to Less Profit

The majority of law firms believe write-offs will increase over the next year, even after many firms made these billing adjustments in 2023, according to new results of a survey of firm leaders.
5 minute read

The American Lawyer

In Partner Comp, Does Ignorance Equal Bliss? Firms Using the 'Black Box' Hope So

"It is so much easier to keep people happy when they can't see someone is making more than them even though they have more in originations," said Jeffrey Lowe, recounting the message he hears from firms with opaque compensation models.
5 minute read

The American Lawyer

With Scale Top of Mind, More Law Firms Are Willing to Put Merger Option on Table

"People are just more willing to listen about the future and creating connections, than in previous years," noted one Am Law 200 leader.
5 minute read

The American Lawyer

At Quinn Emanuel, Planning for Success, Not Succession Planning

John Quinn believes "we make better decisions across the board," since Michael Carlinsky and William Burck joined him to provide three-pronged leadership of the litigation powerhouse in May 2022.
7 minute read

The American Lawyer

'Drastically Different' Associate Strategies in Big Law and Midsize Firms May Continue in 2024

Am Law 100 firms increased their associate ranks by only 1.7% through November, even accounting for their fall classes, according to a report this week.
5 minute read

The American Lawyer

Top Big Law Partners Are Earning More Than $2,400 Per Hour, as Rates Continue to Climb

Dechert has hiked its rates for a top partner by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.
3 minute read

National Law Journal

8 Years Later, Cravath Registers as Foreign Agent for Ukrainian Firm Tied to Hunter Biden

Cravath's filing comes after "discussions with the Department of Justice regarding FARA's scope," the firm said in a statement Friday.
3 minute read

The American Lawyer

To Stay Ahead in New Year, Law Firms Will Double Down on Practice Strengths

Law firms will need to make harder choices if they want to keep up, but many firms are too tepid about where to drill down, noted consultant Kristin Stark.
5 minute read

The American Lawyer

Two More Am Law 200 Firms Start Year With New Leaders

Sheppard Mullin tapped Chicago-based employment partner Kevin Cloutier to serve as the firm's co-managing partner, while St. Louis-founded Armstrong Teasdale named corporate partner Richard Engel managing partner.
5 minute read

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