March 13, 2024 | The Legal Intelligencer
Duane Morris Sees 16th Straight Year of Revenue Growth, but Profits LaggedChairman and CEO Matt Taylor pinned the 3.6% dip on pressures on transactional work.
By Amanda O'Brien
4 minute read
March 13, 2024 | The Legal Intelligencer
Former Cosby Prosecutor Leaves Saltz Mongeluzzi for Anapol WeissKristen Gibbons Feden, who delivered the closing argument in Cosby's second criminal trial as a Montgomery County prosecutor, launched the sexual abuse practice group at Saltz Mongeluzzi.
By Amanda O'Brien
4 minute read
March 12, 2024 | The American Lawyer
Facing Overcapacity, Law Firms Made Fewer Offers for 2024 Summer Associates"The data looks a lot like what it was in the Great Recession," said Nikia Gray, executive director of the National Association for Law Placement. "We don't think it's because the legal market is going through a recession, but because the law firms are overleveraged."
By Amanda O'Brien
6 minute read
March 08, 2024 | The Legal Intelligencer
Philadelphia Plaintiffs Attorneys Trade Suits Following SplitThomas Duffy accused his former law partner Ken Fulginiti of withholding settlement fees on Wednesday, just a week after Fulginiti filed his own lawsuit—withdrawn a day later—accusing Duffy of defrauding him of millions.
By Amanda O'Brien
4 minute read
March 07, 2024 | The Legal Intelligencer
'Seriously Inflated' Duane Morris Bill Highlights Risk When Big Law and Public Clients Lack Alignment"With public sector clients, you're frequently dealing with people who aren't lawyers," said Mantra Partner founder and CEO Marci Taylor. "You're writing knowing that there's a high likelihood that your invoices will be made public."
By Amanda O'Brien
7 minute read
March 07, 2024 | The Legal Intelligencer
Cozen O'Connor Sees Modest Growth in 2023, Owing to Diversified Revenue StreamThe firm's revenues climbed by 5.5% to hit $653 million. "We're not looking for a business that's up 20% in the good years and down 8% in the bad years," explained firm chairman Michael Heller.
By Amanda O'Brien
6 minute read
March 05, 2024 | The Legal Intelligencer
Former Phila. Trial Lawyers President Sued Former Law Partner Before Launching Own FirmKen Fulginiti accused Thomas Duffy Jr. of understating profits and spending revenues on "vanity expenses" and personal needs.
By Amanda O'Brien
6 minute read
March 05, 2024 | Pro Mid Market
Struggling With Succession Planning, Midsize Law Firms Consider Compensation Strategies"Five years ago, if you said the phrase 'succession planning,' people's hair would catch on fire," Adam Smith, Esq. partner Janet Stanton said.
By Amanda O'Brien
7 minute read
March 04, 2024 | The Legal Intelligencer
Proposed Eckert Seamans $45M Settlement Remains in LimboA proposed deal that would help make the investors in Par Funding whole is unresolved after multiple settlement conferences. Meanwhile, Par's founders were hit with fresh federal charges last week.
By Amanda O'Brien
2 minute read
March 01, 2024 | The Legal Intelligencer
Disciplinary Board Proposes Mandatory Succession Planning for Pa. Lawyers"The future is unpredictable and lawyers must strive to lessen the impact of unexpected interruption to their relationships with clients by proactively protecting the clients' interested in the event of the attorney's death, disability, or other unanticipated absence," the board's explanatory report reads.
By Amanda O'Brien
3 minute read
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