NEXT
Sign in to follow

Daily Business Review

Food Court in Session: Is This Wave of Lawsuits Frivolous or Justified?

"The lawsuits can make for a good laugh, but, unfortunately, the data is no joke," said Matthew Webb, senior vice president of legal reform policy at the Institute for Legal Reform.
7 minute read

National Law Journal

Steptoe's Revenue Grew 13% Amid Lateral Expansion and Rising Litigation Demand

Even as the equity tier expanded and the firm's profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe's total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.
4 minute read

The American Lawyer

Latest Big Law Layoffs Illustrate Inconsistency in Market as Some 'Still Haven't Seen That Bounce Back'

"Our talent levels became misaligned with our existing and projected client demand, particularly in our large transactional practices. I take responsibility for this and am truly sorry that those decisions have led to a significant impact on our people today," said Fenwick & West's chair.
4 minute read

Corporate Counsel

AI Might Kill Off the Billable Hour Someday, But It Will Be a Slow Death

"The people who regulate the profession are the profession. They are judges and members of the bar. So what incentive do they have to give away that control to the machine?" said Foster Sayers, vice president of legal ops at health tech company symplr.
7 minute read

Pro Mid Market

Should Midsize Firms Get More Aggressive About Rate Increases?

As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
7 minute read

New York Law Journal

Weil Private Credit Partner Jumps to Dechert Amid Growing Signs of Transactional Thaw

Eliot Relles arrived at Weil, Gotshal & Manges four years ago after serving as co-chair of Schulte Roth & Zabel's finance practice.
4 minute read

The Legal Intelligencer

Clark Hill Adds on Dentons Cohen & Grigsby Real Estate Duo in Pittsburgh

Blaine Lamperski previously led the local real estate practice for the Pittsburgh unit of the global giant. He's joined by member John Bonaccorsi.
3 minute read

The American Lawyer

Have Transactional Demand Levels Slowed Lateral Partner Hiring?

Partner lateral moves fell in 2023 but remained robust, according to data from Law.com Compass. And it's still a fragmented industry, including in lateral hiring.
8 minute read

Litigation Daily

Hours Down. Revenues Up. What Gives?

"Billable hours worked, the market's favored measure of demand for legal services, is simply becoming a less useful measurement," write the authors of a report issued this week by The Thomson Reuters Institute.
4 minute read

Texas Lawyer

Baker Botts Swells in Texas With Big Law Restructuring, Energy Litigation Partners

Jones Day energy litigation partner David Applebaum joined Baker Botts in Houston, and Squire Patton Boggs restructuring partner Travis McDavid joined in Dallas, as the firm adds to high-demand practices in Texas.
3 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

  • The Power of Online Reputation Management For Attorneys: A Critical Tool For Law Firms in 2025

    Brought to you by Erase.com

    Download Now

  • The Role of Evolving Support Structures in Optimizing Legal Talent

    Brought to you by BigHand

    Download Now

  • Corporate Monitorship Advisory Services

    Brought to you by HaystackID

    Download Now

  • AI-Powered Deposition and Medical Record Summaries: Low Risk, High Reward

    Brought to you by Parrot

    Download Now