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].
April 12, 2024 | The American Lawyer
Kirkland, Proskauer, Hogan Lovells Add Partners Amid Brisk Lateral Activity in Big FirmsProskauer lured a partner from Kirkland, which gained a partner from Gibson Dunn.
By Andrew Maloney
3 minute read
April 09, 2024 | The American Lawyer
Sidley Crosses $3B in Revenue, With Growing 'Share' of Private Equity Market, Focus on Top TalentPrivate equity may have been down in 2023, "but our share of private equity is growing because we've been enlarging that practice," Executive Committee Chair Michael Schmidtberger said.
By Andrew Maloney
6 minute read
April 05, 2024 | The American Lawyer
Spencer Fane Notches 16.5% Topline Growth as Firm Seeks Out More MarketsLateral partners are paid the same as they would be if they were in the equity tier, so they're not serving as "de facto leverage" for the existing equity partners, noted the firm's leader.
By Andrew Maloney
4 minute read
April 04, 2024 | The American Lawyer
Stinson, With Surge in Class Actions, Grew Revenue Nearly 4%The firm's profits per equity partner inched up by nearly 2% even as net income decreased by 6.4%.
By Andrew Maloney
4 minute read
April 02, 2024 | The American Lawyer
'Right Place, Right Time': McDermott Picks Up Tax Litigation Leader From Baker McKenzieSusan Ryba, who was a chair of Baker McKenzie's tax practice group in Chicago, has moved to McDermott Will & Emery.
By Andrew Maloney
3 minute read
April 01, 2024 | The American Lawyer
With High Interest in Law Firm Acquisitions, 'A Likely Uptick' in Mergers UnderwayLaw firms with between 400 and 800 lawyers are especially hungry to acquire smaller firms right now, noted Lisa Smith at Fairfax.
By Andrew Maloney
4 minute read
April 01, 2024 | The American Lawyer
Ballooning Nonequity Tiers Will Require Law Firms to Manage Ranks Closely"Given the equity partner promotion ratios, [firms] could be looking at a long-term problem," said law firm consultant Brad Hildebrandt.
By Andrew Maloney
6 minute read
March 28, 2024 | Pro Mid Market
What Should Midsize Firms Consider When Contemplating A Merger?As mergers continue popping up within the legal landscape, midsize and boutique firms are considering several factors when contemplating a deal. Scale and culture remain at the forefront of those discussions.
By Alexander Lugo, David Gialanella, Andrew Maloney
5 minute read
March 27, 2024 | The American Lawyer
Freshfields the Latest to Move to 4 Days in US OfficesU.S. partners, associates, legal assistants and other fee earners at Freshfields will be expected to work at least four days in the office each week, beginning May 1.
By Andrew Maloney
2 minute read
March 27, 2024 | The American Lawyer
Despite Industry Declines in Real Estate, Seyfarth Grew Revenue, Net Income by 3%While Seyfarth's head count decreased last year, the firm is looking for growth in its major markets and "actively exploring" the South Florida market, the firm's leader said.
By Andrew Maloney
3 minute read
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