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].
October 11, 2023 | The American Lawyer
How Law Firms Are Still Losing Millions, Even After Hiring Pricing Specialists"We call it 'change slipping through the back of the sofa,'" Steven Manton, part of a group of senior pricing professionals, said. 'It's millions and millions across a large law firm, when you add it all up."
By Andrew Maloney
7 minute read
October 09, 2023 | The American Lawyer
Big Law Reaches For 'Seemingly-Random' Midmarket Deals 'That Aren't Random at All'Law firm leaders point to private equity deals related to home service installation, pest-control roll-ups, software companies and car washes that have generated work lately.
By Andrew Maloney
5 minute read
October 06, 2023 | The American Lawyer
'Self-Inflicted Damage' Becomes Driving Factor in Falling Law Firm Realization"The decline in realization is happening even before the client is billed," analysts said in a new report analyzing billing rates.
By Andrew Maloney
6 minute read
October 03, 2023 | The American Lawyer
Milbank, Continuing to Poach From Dechert, Adds Another Private Equity PartnerPaul Bennett IV has represented clients such as The Blackstone Group, Rockwood Holdings Inc. and Pantheon N.V.
By Andrew Maloney
3 minute read
October 02, 2023 | The American Lawyer
Latham Adds Partner From Simpson Thacher Amid Demand for Tech Transactions TalentLatham is the latest firm to enhance its bench to support technology-related transactions. Jessica Cohen, the firm's new partner, regularly counsels on IP and tech-related M&A, spinoffs and other ventures.
By Andrew Maloney
4 minute read
October 02, 2023 | The American Lawyer
Kirkland Crosses 200 in Latest Record Round of Partner PromotionsThe new partner promotions represent about a 6% increase over last year's 193, a relatively smaller addition than last year's 28% jump.
By Andrew Maloney
2 minute read
October 02, 2023 | The American Lawyer
With Q4 Underway, Large and Smaller Firms See Deal Outlook Through Different LensesWhile many law firms are eager to see what deals close in 2023, others are pinning hopes on 2024 instead.
By Andrew Maloney
6 minute read
September 29, 2023 | The American Lawyer
From Bitters to Improv, Lawyers With 'Side Hustles' Navigate Both Risks and Rewards"Don't take yourself too seriously, and if there is something you love, do it," said Alan Barinholtz.
By Andrew Maloney
6 minute read
September 28, 2023 | The American Lawyer
With Sector Demand at 'All-Time High,' Willkie Adds Renewable Energy Deal Team"We are seeing big developments in the industry overall related to energy transition and more, and this has brought increasing demand from clients and also new opportunities for us to expand our practices," Eric Pogue said.
By Andrew Maloney
4 minute read
September 27, 2023 | The American Lawyer
With Flexibility and Changing Norms, 'Side Hustles' May Be on the Rise in Big LawSome observers point to growing skepticism about how the legal industry has historically operated, others credit more time away from the office as a result of the pandemic.
By Andrew Maloney
5 minute read
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