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].
March 15, 2023 | The American Lawyer
Benesch 'Turned the Page' From Soaring '21, With 12% Revenue GrowthThe firm's middle-market private equity clients were "thriving" last year, said Benesch's leader. "More clients are expanding their relationships with us," he said
By Andrew Maloney
3 minute read
March 14, 2023 | The American Lawyer
Signature Bank's Failure Prompts Alarm Bells for Law FirmsThe bank's closing has led to immediate challenges for many midsize law firms, while many in the legal industry will be re-examining their banking relationships.
By Andrew Maloney
6 minute read
March 13, 2023 | The American Lawyer
'Tale of Two Halves' Leads Frost Brown Todd to Revenue Bump, Profit DowntickFrost Brown Todd is open to more combinations, said firm chair Robert Sartin. "You're either growing or declining, ultimately," he said.
By Andrew Maloney
3 minute read
March 13, 2023 | The American Lawyer
Big Law Continues to Favor Transfers Over Entry-Level AssociatesAm Law 200 firms have widened the gap between entry-level and lateral associates in 2022, making about 1,765 more associate hires on the lateral market.
By Andrew Maloney
5 minute read
March 09, 2023 | The American Lawyer
Hinshaw Adds 23-Lawyer Firm With Strength in Aviation and Aerospace LitigationThe firm's move, expanding in Chicago, is the latest sign that some Am Law 200 firms are keeping up growth partly through combinations this year.
By Andrew Maloney
3 minute read
March 08, 2023 | The American Lawyer
Can Law Firms Hold the Line on Layoffs and Billing Rates in 2023?"The top 200 firms should hold back on raising rates to fill their shortfall for 2023, as clients are watching and weighing alternatives," recommends a new report.
By Andrew Maloney
6 minute read
March 07, 2023 | The American Lawyer
After Merger Talks End, Shearman Accelerates Transition to New LeaderSenior partner David Beveridge said now is the right time to "accelerate the pace of the firm's ongoing transformation" and begin "a new strategic vision."
By Andrew Maloney
3 minute read
March 06, 2023 | The American Lawyer
Willkie Taps Mayer Brown Leader to Head Class Action PracticeDebra Bogo-Ernst had been at Mayer Brown since 2000, having served as Chicago managing partner and co-leader of its consumer and class-action practice.
By Andrew Maloney
3 minute read
March 06, 2023 | The American Lawyer
Law Firms Can Grow in 2023 by Picking Their 'Pockets'"Parts of the country are experiencing a local economic boom," says a new report on law firm growth, noting "firms should keep a lookout at the local pockets of demand for legal services that are not reported widely."
By Andrew Maloney
5 minute read
March 01, 2023 | The American Lawyer
Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand PlummetedThe number of law firms with a growing equity partnership—and some of the sharp gains in these equity ranks—stand out in an environment of slower demand.
By Andrew Maloney
4 minute read
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