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 27, 2024 | The American Lawyer
Despite Industry Declines in Real Estate, Seyfarth Grew Revenue, Net Income by 3%While Seyfarth's head count decreased last year, the firm is looking for growth in its major markets and "actively exploring" the South Florida market, the firm's leader said.
By Andrew Maloney
3 minute read
March 26, 2024 | The American Lawyer
Winston, Seeing Strength in 'Big Litigation' and Miami Practices, Sets Firm Revenue and Profits RecordsWinston has plenty of matters billed on a fixed fee basis or have "tremendous nuance" in billing, said Tom Fitzgerald, while the firm increased billing rates by roughly 7% or 8% overall.
By Andrew Maloney
4 minute read
March 26, 2024 | The American Lawyer
Nonequity Partner Growth Kicks Into High GearSeveral Am Law 100 firms grew their income partner ranks by double-digit percentages in 2023. Multiple factors are pushing firms to rapidly expand this tier of partners, observers say.
By Andrew Maloney
7 minute read
March 22, 2024 | The American Lawyer
More Big Law Firms Are Crossing Financial Milestones. How Much Do They Care?Several law firm leaders have said they are often more concerned with per-lawyer or per-partner thresholds, compared with top-line milestones.
By Andrew Maloney
5 minute read
March 20, 2024 | The American Lawyer
Barnes & Thornburg, Driven by Hiring, Grows Revenue Double DigitsPeople were the engine of the Am Law 100 firm's gains last year, with 34 lateral partners and around 90 lawyers overall joining the firm, said Barnes managing partner Andy Detherage.
By Andrew Maloney
5 minute read
March 19, 2024 | The Recorder
Despite Cuts, Fenwick Sees Revenue Growth and Remains Bullish on Tech Business Bounceback"Some uncertainty remains. But it will come back, and come back stronger," said firm chair Richard Dickson about the firm's scope of work. "We just don't know exactly when."
By Andrew Maloney
5 minute read
March 18, 2024 | The American Lawyer
Mayer Brown Sees Revenue and PEP Climb Amid Higher Demand, Drop in Equity TierThe firm's 8.2% drop in equity partners helped push the firm's PEP up by about 4.4% to about $2.44 million. Revenue per lawyer ticked up 1% to nearly $1.01 million.
By Andrew Maloney
5 minute read
March 18, 2024 | The American Lawyer
Kirkland Crosses $7B Mark, With Steady And Countercyclical Business DriversThe firm continued to improve its profit margin, as average PEP rose nearly 6% to $7.955 million, according to American Lawyer reporting.
By Andrew Maloney
5 minute read
March 13, 2024 | The American Lawyer
With Mass Torts 'Getting Even Bigger,' Shook One of the Latest to Add in LAAlycia Degen, who was a co-leader of Sidley's product liability and mass torts practice, has moved to Shook, as it continues building its Los Angeles office.
By Andrew Maloney
3 minute read
March 13, 2024 | The American Lawyer
Husch Sees 10% Revenue Growth as Nonequity Tier and Head Count Expands by Double DigitsAs the firm invested in laterals, the nonequity tier shot up by 11.4%. Meanwhile, average PEP fell by 3.9% to $833,000.
By Andrew Maloney
5 minute read
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