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].
August 18, 2022 | The American Lawyer
As Big Law Profits Plunge, Financial Uncertainty Looms Over Associate Classes, Lateral HiringLaw firms' biggest challenge in the short term will be managing capacity, particularly with large associate classes slated to join firms in the fall, according to Wells Fargo analysts.
By Andrew Maloney
5 minute read
August 17, 2022 | The American Lawyer
Lawyer Attrition in Law Firms Could Shift as Profits and Demand Dip in 2022How law firms handle their remote work preferences this year may be a large influence on retention, said observers, as well as demand and profit changes.
By Andrew Maloney
6 minute read
August 10, 2022 | The American Lawyer
Are Clients 'Ghosting' More Law Firms? It's Complicated"You don't have to end the relationship formally. You just don't call them anymore," said one legal industry analyst, describing how some clients have ended relationships with law firms.
By Andrew Maloney
6 minute read
August 09, 2022 | The American Lawyer
Dollar's Strength May Influence Billing, Talent and Expenses in Big LawExchange rates could affect how U.S. law firms manage certain expenses, set billing rates and attract laterals. And firms outside the U.S. could also benefit.
By Andrew Maloney
6 minute read
August 09, 2022 | Pro Mid Market
'Managing What Matters': Flexibility Is Part of the Midsize Comp Calculation"It's not just salary, it's some basket of things," said Drew Beres, co-founding partner of Croke Fairchild. "How much are they coming to the office? How much are you paying them? How much are you working them? You have to consider all three."
By Andrew Maloney
5 minute read
August 08, 2022 | The American Lawyer
'Early Warning' Over Law Firm Profits Comes as Demand DropsAs demand fell and expenses rose, profits-per-lawyer dropped 3.6% last quarter, according to a new report.
By Andrew Maloney
4 minute read
August 02, 2022 | The American Lawyer
As Law Firms Reach for Big Client Relationships, GCs Consolidate PanelIn many high-performing firms, there are $30 million, $40, $50 or even $100 million relationships with individual clients. And firms are looking to increase the number of those relationships.
By Andrew Maloney
5 minute read
August 01, 2022 | The American Lawyer
Bain GC Moves to Ropes & Gray, Underscoring 'Symbiotic' Relationship Between FirmsDavid Hutchins, who worked at Kirkland and Davis Polk before he went in-house, said he often communicated with Ropes on a daily basis while at Bain.
By Andrew Maloney
4 minute read
July 28, 2022 | Law.com
'We Don't Really Have a Strategy': Law Firms Still Grappling With Rising PayRecent industry trends could exacerbate an already-growing pay gap between the most profitable firms of the Am Law 200 and everyone else.
By Andrew Maloney
5 minute read
July 27, 2022 | The American Lawyer
To Improve Profitability, Law Firms Are Falling Back on the Basics Instead of Transformational ShiftsLarge law firms this year are working on fundamentals in billing rates, talent strategy and client development to build profit, according to results of a new survey of firm leaders.
By Andrew Maloney
5 minute read
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