The American Lawyer | Analysis
By Justin Henry | February 9, 2024
After profits per equity partner dipped by 5.7% in 2022, they climbed by 6.6% in the last year, according to data from Citi's Global Wealth at Work Law Firm Group.
By Alaina Lancaster | Zack Needles | February 8, 2024
Last week, Legal Speak was live on location at Legalweek 2024 in New York City, where we interviewed professionals from across the legal industry about everything from the practical applications of generative AI to the benefits of sharing ideas and advice with both colleagues and competitors.
By Isha Marathe | February 7, 2024
Lawyers have historically stayed mum about the value of their work and the resources needed to perform it. But if they want to move away from the billable hour, that's going to have to change.
The American Lawyer | Analysis
By Gail J. Cohen | February 5, 2024
The study, by Morgan, Lewis & Bockius, also shows competition enforcers are "back," and are carrying out more coordinated "dawn raids."
The American Lawyer | Analysis
By Justin Henry | February 5, 2024
Given the cost and technical expertise required to develop large language models, it's not surprising the majority of firms interviewed by The American Lawyer are relying on tech vendors with pre-existing clout in the industry.
The American Lawyer | Analysis
By Justin Henry | January 29, 2024
At least 41 of the U.S.'s highest grossing firms are putting the much-discussed technology to use, exploring opportunities for legal work and on the business side of operations.
The American Lawyer | Analysis
By Hugh A. Simons | January 26, 2024
What makes comp systems so insidious is that they're so hard to change.
The American Lawyer | Analysis|Best Practices
By Amanda O'Brien | January 23, 2024
A recent lawsuit and an ongoing trial highlight the challenges that supervisors face in delivering constructive criticism to underperforming attorneys.
By Hugo Guzman | January 22, 2024
Since the financial crisis of 2007-2008, "market power shifted decisively from law firms to the clients, rapidly moving from a sellers' to a buyers' market for legal services," a new report from Thomson Reuters and Georgetown Law says.
The American Lawyer | Analysis
By Dan Roe | January 22, 2024
Slaughter and May recently formalized a reduced-hours trial, but American firms have typically reserved such accommodations for people with extenuating circumstances.
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