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].
May 24, 2022 | The American Lawyer
Legal Malpractice Payouts Reach 'All-Time High,' Firm Insurers Planning Premium HikesMost law firm insurers said they were planning rate increases this year to keep up with the increased severity of legal malpractice claim payouts, according to a new survey.
By Andrew Maloney
5 minute read
May 13, 2022 | The American Lawyer
After Staggering Increases, Law Firm Overhead May Continue to GrowDespite a 121% increase in law firm recruiting expenses and 75% increase in marketing costs, overhead still has room to grow this year, analysts say.
By Andrew Maloney
4 minute read
May 11, 2022 | The American Lawyer
Higher Billing Rates, More Reflection Are Leading Some in Big Law to Go SmallSome lawyers are heading into smaller firms or launching their own boutiques, due to a mix of billing rate pressures, remote-work flexibility and taking a breather after a busy 2021.
By Andrew Maloney
4 minute read
May 09, 2022 | The American Lawyer
With Clouds on Horizon, Firms Make 'Informed Bets' on Countercyclical PracticesFirms have recently stocked up on bankruptcy, white-collar work and general litigation, anticipating an upward swing in these practices
By Andrew Maloney
4 minute read
May 09, 2022 | The American Lawyer
Law Firm Profits May 'Plunge' This Year Amid M&A Slowdown and Expense GrowthDirect expenses shot up 13% in the first quarter after large bonuses and multiple associate pay increases went into effect, while recruiting expenses rose a staggering 121%.
By Andrew Maloney
3 minute read
May 04, 2022 | The American Lawyer
Competition and Talent Pressures Spark Run of Midsize Law Firm MergersThe need to scale up to compete is driving more mergers among smaller and midsize firms. "It's getting to that point where you become a safe choice for the client, particularly if they're moving work from a larger firm," said consultant Lisa Smith.
By Andrew Maloney
5 minute read
May 02, 2022 | The American Lawyer
Shook Hardy to 'Connect the Dots' With New Hartford OfficeThe firm continues its expansion in the Northeast after planting roots in five other locales over the last three years, including New York and Boston.
By Andrew Maloney
4 minute read
April 26, 2022 | The American Lawyer
Taking Advantage of the 'Quiet,' Bankruptcy Law Firm Picks Up Morgan Lewis LeaderGlenn Agre's new hire comes as law firms are using a quieter period in the bankruptcy practice to stock up on talent.
By Andrew Maloney
4 minute read
April 26, 2022 | The American Lawyer
As Billing Rates and Client Pressure Collide, a Turning Point LoomsThe tension could alienate clients, cut into law firms' profits and force talent out the door.
By Andrew Maloney
6 minute read
April 25, 2022 | The American Lawyer
Mayer Brown Thinks the Next Tech Hotspot May Be Outside the USThe firm's leader pointed to Brazil, Israel and the Greater Bay Area in South China and Hong Kong as potential landing spots or places it can supplement a current presence.
By Andrew Maloney
4 minute read
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