By Andrew Maloney | May 2, 2023
"Revenue growth was strongest among the largest firms, reverse of the results experienced in 2022 when the Am Law 51-100 outpaced the Am Law 1-50," according to Wells Fargo analysts.
By Andrew Maloney | April 28, 2023
Many young lawyers said they would exchange some of their pay for lower billable hours, a recent survey found. Now more law firms are creating additional paths to partnership with lower hours requirements.
By Jessie Yount | April 24, 2023
Holding lawyers back or not promoting them with the rest of their class year is undoubtedly a cost-cutting measure. But it's a less aggressive approach than layoffs.
The American Lawyer | Analysis
By Justin Henry | April 21, 2023
"Firms are hyper-focused on partner acquisitions as a means to grow in this market," said Decipher analyst Greg Hamman, who compiled the data.
The American Lawyer | Analysis
By Justin Henry | April 20, 2023
Office sharing is one way that firms are promoting their preference for in-office collaboration.
By Andrew Maloney | April 20, 2023
Nearly 45% of associates said they would like to make partner at their firms, compared to 23.5% in 2021, according to a new survey from Major, Lindsey & Africa and Above the Law.
By Patrick Smith | April 18, 2023
Sources familiar with the moves said the cuts in business professionals addressed business and efficiency needs while the attorney cuts followed the firm's annual review process.
By Brenda Sapino Jeffreys | April 13, 2023
Ropes said a performance management process is part of its "normal course." Industry observers say "aggressive" performance reviews this year are resulting in an increasingly blurry line between layoffs and review-time cuts.
By Jessie Yount | April 11, 2023
Cooley delayed the start date of its incoming class. But consultants aren't sure other firms with follow suit, given Cooley's tech-sector positioning and the caution that many firms are exercising after the financial crisis.
By Patrick Smith | April 10, 2023
The slide by a Paul Hastings associate demonstrates how tone, culture and expectations can be set throughout the law firm—not just by those sitting in the executive ranks.
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