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November 21, 2023 | Daily Business Review
Am Law 200 Boom in Miami Picks Up Steam, as Dinsmore Enters With Lewis Brisbois GroupThe firm's growing size in Florida "starts to really give you the gravitas and the gravity, if you will, to let others know you're serious about your investment in that region," said Dinsmore's leader.
By Andrew Maloney
4 minute read
November 21, 2023 | The American Lawyer
How Can Law Firms 'Crack the Nuts on Collections' While Closing Out 2023?Law firms will try everything in their control, such as setting up so-called milestone payments on next year's work or using discounts to incentivize payment of outstanding bills.
By Andrew Maloney
6 minute read
November 16, 2023 | The American Lawyer
Kirkland Lures Back Latham Funds Partner, as Talent Battle ContinuesDavid Sherman's return to Kirkland marks the latest move in a back-and-forth talent battle between the two top firms over investment funds talent.
By Andrew Maloney
2 minute read
November 16, 2023 | The American Lawyer
Billing Rates Accelerated Again. Big Law Will Likely Keep Foot on the PedalRate increases, by an average of nearly 8%, have helped the industry see an uptick in revenue between the second and third quarters.
By Andrew Maloney
4 minute read
November 15, 2023 | The American Lawyer
Where Are the Milbank Pay Matches? Mixed Market Signals Weigh on Law Firms"It's a bit telling of how the overall market is kind of feeling at the moment. There's going to be a lot of variability in how firms perform this year," noted New York legal recruiter Scott Yaccarino.
By Andrew Maloney
6 minute read
November 14, 2023 | The American Lawyer
For Big Law Profits This Year, Collections Remain the 'Big If'"This could be a decent year if firms are able to speed up collections from now through year-end. So, that's the big 'if'," noted Citi's Gretta Rusanow.
By Andrew Maloney
5 minute read
November 10, 2023 | The American Lawyer
As Office Costs Rise, Law Firms Are Unveiling 'Hybrid' WorkspaceLeaders of Norton Rose and Lathrop GPM pointed to the pandemic as one of the catalysts for rethinking their offices, and both said they contain a mix of open and private/reserved workspaces.
By Andrew Maloney
4 minute read
November 10, 2023 | The American Lawyer
Associate Pay Raises Escalate GC Fears of Billing Rate HikesSome GCs are voicing concerns about further rate hikes after associate pay raises. But Milbank's chair said the salary raises wouldn't have a material effect on its billing rate decisions in the future.
By Andrew Maloney | Chris O'Malley
5 minute read
November 08, 2023 | The American Lawyer
Top Performers 'Likely' to Raise Associate Pay After Milbank's Move, but Broad Hesitancy LingersThe market hesitation was underscored by the lack of immediate, similar moves. Some firms were still waiting on other market leaders to move, sources said.
By Andrew Maloney | Jessie Yount
6 minute read
November 07, 2023 | The American Lawyer
Milbank Raises Associate Salaries and Announces Year-End BonusesThe firm's chair pointed to "a very, very busy year" across the firm—one in which productivity was "materially" increased, as well as increasing cost of living.
By Andrew Maloney
2 minute read
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