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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December 19, 2022 | The American Lawyer

Law Firms Are Tweaking Partner Comp Reviews to Reward Collaboration

A partner's office presence, among other subjective criteria, is also being considered in the compensation review process now.

By Andrew Maloney

5 minute read

December 14, 2022 | The American Lawyer

Polsinelli Posts 20% Profit Gain This Year, Benefiting From Remnants of Deal Boom

Many firms in the Second 50 have still seen higher demand this year, even though transactional practices cooled off in 2022 and demand is lower across the industry.

By Andrew Maloney

5 minute read

December 12, 2022 | The American Lawyer

As Currencies Fluctuate, Law Firms Adjust Lawyer Pay and Billing Across the Globe

Firms are taking steps to minimize the impact exchange rates could have on partner compensation, associate salaries and other expenses.

By Andrew Maloney | Hannah Walker

6 minute read

December 12, 2022 | The American Lawyer

Seyfarth's First Female Chair: Clients Will Ask Firms to Be 'True Partners'

Lorie Almon, named on Tuesday as Seyfarth's chair-elect, said the Am Law 200 firm is primarily focused on a strong finish to 2022 right now, including getting bills out and deals finalized.

By Andrew Maloney

4 minute read

December 09, 2022 | The American Lawyer

A Recession Will Push More Lawyers Back to Office

A challenging economic environment will enable law firm leaders "to be more forthright in directing people back to the office," industry analysts said. "We have already seen signs of this."

By Andrew Maloney

4 minute read

December 08, 2022 | The American Lawyer

Law Firms and Clients Will Lean on Negotiated Discounts and AFAs in 2023

"Clients start by requesting an AFA and ultimately ask for a pre-negotiated discount," noted a report this week on the frequent usage of discounting plans.

By Andrew Maloney

5 minute read

December 07, 2022 | The American Lawyer

Where Do Law Firms Go From Here? Key Trends to Watch in 2023

From shifting head count and leverage to reducing office space and hybrid work, law firms have a variety of options next year to maximize profits and increase efficiencies.

By Andrew Maloney

5 minute read

December 06, 2022 | The American Lawyer

'For Exceptional Contributions': A Select Pool of Associates Will Receive Extra Cash

Several law firms say they are giving out additional bonus money to high-performers. But firms generally know eligibility will be limited based on the decline in demand this year.

By Andrew Maloney

5 minute read

December 05, 2022 | New York Law Journal

GC at NY Dept of Financial Services Heads to Winston

Richard Weber, most recently general counsel for the New York State Department of Financial Services, said white-collar lawyers are likely to stay busy in the near future.

By Andrew Maloney

4 minute read

December 02, 2022 | The American Lawyer

Increasing Write-Offs in Client Bills Should Sound 'Loud Alarm Bells' For Firm Profits

Profit pressure from rising client discounts is also "driving lawyers hard to increase billable hours" and that could jeopardize talent if it continues, according to a new report.

By Andrew Maloney

4 minute read

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