Caroline Byrne

Caroline Byrne

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October 27, 2024 | International Edition

The Price of Time: Should Law Firms Sell Minutes or Value?

As the legal industry grapples with the rise of AI, the once-immutable billable hour faces unprecedented scrutiny.

By Caroline Byrne

4 minute read

October 21, 2024 | International Edition

UK's Top Partners Billing $1,300+ Per Hour Driven by US Rivals

"We know law firms have been using rates to increase that top line for a number of years and I suppose the question that arises is: 'How much longer is that possible?'"—PwC.

By Caroline Byrne

2 minute read

October 18, 2024 | International Edition

UK Law Firms Face £75M Money Laundering Investigations Alongside Russia Scrutiny

Big Law is also in the spotlight, including the London offices of Simpson Thacher & Bartlett and Armstrong Teasdale.

By Caroline Byrne

3 minute read

October 15, 2024 | International Edition

Armstrong Teasdale London Closure: Questions Emerge About Debts and Financial Irregularities

The Am Law 200 firm's UK operation had an auditor assessment that was unusual as well as a profit margin of just 2%.

By Caroline Byrne

6 minute read

September 29, 2024 | International Edition

The Best Measure of Success: Revenue, Reputation, or Relationships?

Law firms are redefining success by incorporating metrics beyond revenue and profits, including social media presence, diversity, and client relationships. While financial growth remains crucial, other benchmarks play an increasingly important role in measuring performance, writes the Global Lawyer.

By Caroline Byrne

5 minute read

September 01, 2024 | International Edition

How I Made Office Managing Partner: 'Remain Hungry,' Says Björn Holland of Sidley Austin

"You need to remain hungry. If you are no longer aspiring for progress, you will not have the drive to advance things."

By Björn Holland

5 minute read

September 01, 2024 | International Edition

Beach to Brief: 11 Essential Legal Stories To Ease Your Return to Work

Before diving back into work, lawyers will want to catch up on these 11 must-read stories.

By Caroline Byrne

6 minute read

August 29, 2024 | International Edition

Is Germany on the Brink of Allowing Third-Party Ownership of Law Firms?

By law, mere financial investors are not allowed to acquire stakes in law firms in Germany. In other countries this has long been standard practice. The German concern: legal independence could suffer. Others say: This violates fundamental European freedoms. Now the ECJ is to decide.

By Mia Pankoke

5 minute read

August 25, 2024 | International Edition

Rouse Group Merges With European IP Firm aera Amid Global Consolidation

Rouse's merger with aera strengthens its European presence and patent expertise, following a wave of global IP firm consolidations, including IPH Group's recent deal in Canada.

By Caroline Byrne

2 minute read

August 22, 2024 | International Edition

Clifford Chance Partner Christopher Morvillo's Body Among Those Recovered from Yacht Wreckage—Reports

The law firm said it was "heartbroken at the tragic passing of our partner, Christopher Morvillo, and his wife, Neda".

By Caroline Byrne

3 minute read