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].
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
November 06, 2023 | The American Lawyer
Many Large and Midsize Law Firms Are Recovering. Others Are in 'No-Man's Land'There's been a "bifurcated" recovery among the Am Law 200, but all segments have cut their first-year associate classes, according to the latest Law Firm Financial Index report.
By Andrew Maloney
5 minute read
November 03, 2023 | The American Lawyer
'Across-the-Board' Cost Increases Are Prompting Law Firms to Alter Talent, Billing CalculusSome law firms are pausing their promotions of senior associates to partner, and they're telling senior associates to be patient, said Laura Terrell, an executive coach and consultant.
By Andrew Maloney
5 minute read
November 02, 2023 | The American Lawyer
Am Law 200 Interest in Missouri Ramps Up, as Quarles Launches in St. LouisThe Gateway City's industry strength in practices such as health care and financial services caught the attention of Quarles.
By Andrew Maloney
3 minute read
October 30, 2023 | The American Lawyer
Kirkland Lures White & Case, Latham Partners for New Saudi Arabia OfficeAdding rising stars from rivals in Riyadh, Kirkland says its new office will be led by an existing corporate partner from Chicago.
By Andrew Maloney
3 minute read
October 30, 2023 | The American Lawyer
Big Law's Approach to Billing Rate Hikes in 2024"There's a lot of people trying to play a little bit of catch-up, and they'll run out of opportunity runway if there's a recession," said Mark Medice, a principal at LawVision and law firm consultant.
By Andrew Maloney
5 minute read
October 26, 2023 | The American Lawyer
As Lateral Moves Stay Robust, Law Firms Name New Talent LeadersSquire, Sidley Austin and Hogan Lovells have all announced new leadership in roles that oversee hiring and talent.
By Andrew Maloney
4 minute read
October 24, 2023 | The American Lawyer
Kirkland Partner Moves to Baker McKenzie as Firm Seeks 'Long-Term Play' to Expand PE, Replenish TalentErika Lopez is a "rising star" in private equity and M&A, said Baker & McKenzie, which is trying to replenish lawyers ranks with young talent in Chicago.
By Andrew Maloney
3 minute read
October 20, 2023 | The American Lawyer
Many Law Firms on Pace to Meet Budget, But Uncertainty Lingers in 'Strange Year'Law firms that didn't budget conservatively or those counting on a sterling fourth-quarter performance may be disappointed.
By Andrew Maloney
5 minute read
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