October 27, 2024 | International Edition
The Price of Time: Should Law Firms Sell Minutes or Value?As the legal industry grapples with the rise of AI, the once-immutable billable hour faces unprecedented scrutiny.
By Caroline Byrne
4 minute read
October 21, 2024 | International Edition
UK's Top Partners Billing $1,300+ Per Hour Driven by US Rivals"We know law firms have been using rates to increase that top line for a number of years and I suppose the question that arises is: 'How much longer is that possible?'"—PwC.
By Caroline Byrne
2 minute read
October 18, 2024 | International Edition
UK Law Firms Face £75M Money Laundering Investigations Alongside Russia ScrutinyBig Law is also in the spotlight, including the London offices of Simpson Thacher & Bartlett and Armstrong Teasdale.
By Caroline Byrne
3 minute read
October 15, 2024 | International Edition
Armstrong Teasdale London Closure: Questions Emerge About Debts and Financial IrregularitiesThe Am Law 200 firm's UK operation had an auditor assessment that was unusual as well as a profit margin of just 2%.
By Caroline Byrne
6 minute read
September 29, 2024 | International Edition
The Best Measure of Success: Revenue, Reputation, or Relationships?Law firms are redefining success by incorporating metrics beyond revenue and profits, including social media presence, diversity, and client relationships. While financial growth remains crucial, other benchmarks play an increasingly important role in measuring performance, writes the Global Lawyer.
By Caroline Byrne
5 minute read
September 01, 2024 | International Edition
How I Made Office Managing Partner: 'Remain Hungry,' Says Björn Holland of Sidley Austin"You need to remain hungry. If you are no longer aspiring for progress, you will not have the drive to advance things."
By Björn Holland
5 minute read
September 01, 2024 | International Edition
Beach to Brief: 11 Essential Legal Stories To Ease Your Return to WorkBefore diving back into work, lawyers will want to catch up on these 11 must-read stories.
By Caroline Byrne
6 minute read
August 29, 2024 | International Edition
Is Germany on the Brink of Allowing Third-Party Ownership of Law Firms?By law, mere financial investors are not allowed to acquire stakes in law firms in Germany. In other countries this has long been standard practice. The German concern: legal independence could suffer. Others say: This violates fundamental European freedoms. Now the ECJ is to decide.
By Mia Pankoke
5 minute read
August 25, 2024 | International Edition
Rouse Group Merges With European IP Firm aera Amid Global ConsolidationRouse's merger with aera strengthens its European presence and patent expertise, following a wave of global IP firm consolidations, including IPH Group's recent deal in Canada.
By Caroline Byrne
2 minute read
August 22, 2024 | International Edition
Clifford Chance Partner Christopher Morvillo's Body Among Those Recovered from Yacht Wreckage—ReportsThe law firm said it was "heartbroken at the tragic passing of our partner, Christopher Morvillo, and his wife, Neda".
By Caroline Byrne
3 minute read
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