February 24, 2023 | The Legal Intelligencer
To Ballard Spahr Leaders, Flat Profits Prove 2021 Repeatable, If Not Improvable"Going into 2022, the test we thought we were going to see is, 'Is this a sustainable number?'" chair Mark Stewart said of revenue that jumped by double digits the previous year. "We saw modest growth, but we answered the critical question, 'Yes, this is where we are.'"
By Justin Henry
6 minute read
February 23, 2023 | The American Lawyer
After Turning Down Fired Proskauer COO, Paul Hastings Lands New Operations ChiefChris Davis, formerly acting CFO at Goodwin Procter, started at Paul Hastings this month. The firm had previously planned to hire Jonathan O'Brien before he was sued by Proskauer over allegations of stealing trade secrets.
By Justin Henry | Patrick Smith
4 minute read
February 22, 2023 | The American Lawyer
83 Firms to SEC: Don't Tread on MeThe firms all signed onto an amicus brief opposing the regulator's effort to compel Covington & Burling to disclose confidential client information.
By Justin Henry
8 minute read
February 22, 2023 | The American Lawyer
As Business Functions Gain Prominence, Leaders Seek to Strike 'Nonlawyer' From Vocabulary"Law firms are evolving to look more like businesses … and businesses do not define people by what they are not," said Brown Rudnick COO Jennifer Korff.
By Justin Henry
6 minute read
February 22, 2023 | The American Lawyer
Net Income Down 13% at Hogan Lovells Due to Less Deals, Office Closures, Currency Instability"We're trying to try to achieve greater profitability, but we're not making that an obsession," said CEO Miguel Zaldivar.
By Justin Henry
6 minute read
February 21, 2023 | The American Lawyer
Akin Gump Can't Escape Tech Company's IP Misappropriation Claims, Judge RulesThe firm worked with California-based Xcential to demo a software product called "Bill Synthesis" but they're now locked in a dispute about who originated the idea.
By Justin Henry
3 minute read
February 21, 2023 | The Legal Intelligencer
'Sobering': Conrad O'Brien Merger Highlights Pitfalls for Pa.'s Midsize Firms"In this post-pandemic world, if a firm wants to be attractive to new clients, a firm is now expected to offer a full complement of high-level resources and talent, a significant geographic footprint, maintain cutting-edge data security and be able to cleverly navigate the rapidly increasing regionalized and centralized legal marketplace."
By Max Mitchell and Justin Henry
8 minute read
February 16, 2023 | The American Lawyer
Cozen O'Connor Stakes Claim to Boulder Market With 13 IP Hires From Lathrop GPMThe team includes four attorneys and three patent agents as well as billing support professionals. paralegals, a software specialist and a legal practice assistant.
By Justin Henry
3 minute read
February 16, 2023 | The American Lawyer
The Am Law 200 Backed Away From Litigation Funding in 2022New capital commitments for commercial cases grew by 16%, but the share of this capital deployed on cases handled by the 200 largest firms dropped from 41% to 28%.
By Justin Henry
5 minute read
February 15, 2023 | The American Lawyer
Is the Talent War Over?For several years, talent had a rare edge over management. That era is coming to an end. But management isn't totally in the driver's seat.
By Justin Henry
11 minute read
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