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 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

December 02, 2022 | The American Lawyer

Paul Weiss, Debevoise, Davis Polk, Paul Hastings and Cleary Match Bonuses

Despite being 'terrified" of the unknown heading into 2023, according to one top firm leader, more law firms began announcing they are matching the scale set by Cravath and Baker McKenzie.

By Andrew Maloney

4 minute read

December 01, 2022 | The American Lawyer

Profitability Pressures May Bring More Reluctance to Expansion in 2023

Law firms may not want to expand and incur even more expenses after a costly 2021 and 2022. "There's a lot of concern about all of these really high expenses that have been incurred over the last couple years," said Georgetown's Jim Jones.

By Andrew Maloney

5 minute read