Justin Henry

April 20, 2023 | Pro Mid Market

Expenses for talent compensation is driving up hourly rates at midsize law firms in 2023, although firm leaders say they are asking timekeepers to ensure the higher rates correspond with value of the legal services provided.

By Justin Henry | Everett Catts | David Gialanella | Jessie Yount

5 minute read

April 19, 2023 | The American Lawyer

"Had they gone public and pursued legal aggressively, overnight they would have become a top five firm," said Mark Vorsatz, chairman and CEO of Andersen Global.

By Justin Henry

4 minute read

April 18, 2023 | The American Lawyer

Reaching the upper-echelon thresholds of revenue per lawyer and profit per lawyer proved more elusive for firms in The Am Law 100 this year.

By Justin Henry

4 minute read

April 17, 2023 | The Legal Intelligencer

Lawyers at the firm represented a pharma distributor in a suit brought by relatives of opioid abuse victims and a Philadelphia City Councilman in a case involving allegations of fraud.

By Justin Henry

6 minute read

April 17, 2023 | The American Lawyer

"Given the headwinds the industry faced in 2022, I think it was a strong performance because of the downturns on the corporate side of the house," said newly elevated global managing partner Casey Ryan.

By Justin Henry

4 minute read

April 13, 2023 | The American Lawyer

Two years ago, law firms realized skyrocketing profits because they had no choice but to work remotely. Today, the cost-benefit analysis of spending on travel and in-person meetings is a matter of their own volition. 

By Justin Henry

5 minute read

April 12, 2023 | The American Lawyer

The firm pinned the blame on a third-party vendor who was contracted to set up the site on Microsoft Azure.

By Justin Henry

6 minute read

April 10, 2023 | The American Lawyer

Troutman saw a 2.8% increase in net income spread across an equity partner pool that shrunk 8.5%, allowing profits per equity partner to soar 12.4% to $1.55 million, as the firm de-equitized some of its partnership.

By Amanda O'Brien | Justin Henry

4 minute read

April 10, 2023 | Pro Mid Market

Early entrants in Arizona's alternative business structure jurisdiction say they seek to challenge long-standing features of the legal business model—lawyer-exclusive ownership, capital requirements and hierarchical governance.

By Justin Henry

5 minute read

April 10, 2023 | Pro Mid Market

While a number of factors can play a role in a firm's financial performance, a thoughtful growth strategy seemed to be important in 2022, according to legal recruiters and Pro Mid-Market columnists Michelle Foster and Drew Foster.

By Michelle Foster and Drew Foster

5 minute read