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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May 27, 2022 | The American Lawyer

Some Law Firms Are Paying Fully Remote Attorneys the Same as Others. Will That Change?

While several law firms are paying remote hires on the same scale as others, any economic downturn could quickly shift the dynamics.

By Andrew Maloney

5 minute read

May 24, 2022 | The American Lawyer

Legal Malpractice Payouts Reach 'All-Time High,' Firm Insurers Planning Premium Hikes

Most 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 Grow

Despite 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 Small

Some 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 Practices

Firms 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 Growth

Direct 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 Mergers

The 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 Office

The 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