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 10, 2024 | The American Lawyer
High Billing Rates May Hasten New Era of Productivity"The way the market is structured and has been structured for a long time, it's not really a question of growing productivity, it's how do we mitigate the contraction of productivity?" said Bill Josten, strategic content manager for Thomson Reuters.
By Andrew Maloney
5 minute read
May 08, 2024 | The American Lawyer
Second Hundred Law Firms Closer to the 'Center of Gravity' in Q1So far in 2024, Second Hundred firms have the edge in demand growth, with their litigation practices gaining more strength.
By Andrew Maloney
5 minute read
May 07, 2024 | The American Lawyer
'Not Your Father's Law Firm': Big Law Continues to Hone Office SpaceMayer Brown's New York space has a 6,200-square-foot gathering area known as The Hub. The area features a game room with table tennis, billiards and shuffleboard.
By Andrew Maloney
7 minute read
May 06, 2024 | The American Lawyer
Billing Rate Growth and Litigation Demand Drive Big Law Gains in Q1Worked billing rates were up 6.4% in Q1, the highest quarter-over-quarter increase since at least the Great Recession, noted Thomson Reuters' Bill Josten.
By Andrew Maloney
4 minute read
May 03, 2024 | The American Lawyer
In AI Talent Battle, Big Law May Be the UnderdogLaw firms aren't just competing with each other for talent, they're in a fight that involves virtually every other industry.
By Andrew Maloney
5 minute read
May 01, 2024 | The American Lawyer
Billing Rate Increases, Demand Gains Help Law Firms Double Their Revenue Growth in Q1Billing rate growth "continues to be the primary contributor to revenue growth," with standard rates increasing 9% in Q1 2024, Wells Fargo said.
By Andrew Maloney
4 minute read
May 01, 2024 | The American Lawyer
Crowell Adds 2 More Corporate Partners From Neal Gerber in ChicagoFirm chair Phil Inglima said the four partners are viewed as a team by their clients, and they hope the additions will bolster corporate growth nationally as well as the Chicago office.
By Andrew Maloney
3 minute read
April 30, 2024 | The American Lawyer
Willkie Lures Investment Funds Leader From DLA PiperThe New York-founded firm now has around 90 lawyers in Chicago, after opening the office in early 2020 with six partners from Jenner.
By Andrew Maloney
4 minute read
April 30, 2024 | The American Lawyer
AI Will Ramp Up Intense Big Law Battle for Talent, Client ShareLaw firm profit margins will decrease because "AI disproportionately impacts non-partner hours," the hours yielding the highest margins, noted a Law.com Pro Fellows report.
By Andrew Maloney
5 minute read
April 29, 2024 | The American Lawyer
Kirkland Targets Goodwin Again to Add More Funds LawyersThe newest recruits from Goodwin are based in Boston, D.C., New York and Houston.
By Andrew Maloney
3 minute read
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