Andrew Maloney

I'm a Chicago-based reporter covering the business of law, focusing on national and global law firms for The American Lawyer, Law.com and other ALM publications. Reach out: [email protected].

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November 27, 2024 | The American Lawyer

Big Firms May See 'Uncomfortable Flashbacks' as Cost Pressure Grows

"There continues to be quite a bit of expense pressure,” contributing to big firms pressing forward with billing rate increases, noted Wells Fargo's Les Starck.

By Andrew Maloney

4 minute read

November 25, 2024 | The American Lawyer

Polsinelli's Revenue and Profits Surge Amid Partner De-Equitizations, Retirements

With revenue growing 13%, practices such as health care, real estate, labor and employment and litigation were “clicking on all cylinders," said the firm's CEO.

By Andrew Maloney

5 minute read

November 22, 2024 | The American Lawyer

Battle for Top Talent Accelerates Amid Profit and Demand Surge

“There’s basically no firm that’s immune from market pressure, with very rare exceptions,” said one legal recruiter.

By Andrew Maloney

5 minute read

November 21, 2024 | The American Lawyer

Latham Lures Restructuring Partners From Weil, Paul Weiss

The elite firm said Ray Schrock is joining the firm along with two other Weil partners: Candace Arthur and Alexander Welch. Additionally, Andrew Parlen is rejoining from Paul Weiss.

By Andrew Maloney

2 minute read

November 19, 2024 | International Edition

Law Firms See Double-Digit Profit Growth as Billing Rates Rise

Billing rate growth continues to drive law firms' performance in 2024.

By Andrew Maloney

5 minute read

November 19, 2024 | The American Lawyer

Law Firms Are 'Pinching Themselves' Amid Double-Digit Profit Growth and Billing Rate Hikes

Billing rate growth continues to drive law firms' performance in 2024.

By Andrew Maloney

5 minute read

November 18, 2024 | The American Lawyer

What Practices Are Driving Law Firms’ ‘Remarkable’ Performance in 2024?

Specific litigation areas are driving demand for Big Law. Meanwhile, IP is the only law firm practice that saw a slowdown by Q3, according to one report.

By Andrew Maloney

4 minute read

November 17, 2024 | The American Lawyer

How to Support Law Firm Profitability: Train Partners Up

“We’re having this realization in the industry" that law firm partners won't be able to have financial literacy "through osmosis alone," said Fairfax's Kristin Stark.

By Andrew Maloney

6 minute read