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International Edition

'It Just Isn't Worth My Time' Say Slaughter and May Associates of Pro Bono

The associates say they work long hours just to do their regular work and that there's no time for hours on pro bono.
3 minute read

International Edition

Associate Pay Raises Escalate GC Fears of Billing Rate Hikes

Some GCs are voicing concerns about further rate hikes after associate pay raises. But Milbank's chair said the salary raises wouldn't have a material effect on its billing rate decisions in the future.
5 minute read

International Edition

Big Law's Approach to Billing Rate Hikes in 2024

"There's a lot of people trying to play a little bit of catch-up, and they'll run out of opportunity runway if there's a recession," said Mark Medice, a principal at LawVision and law firm consultant.
5 minute read

International Edition

Is Generative AI Coming For Your Billable Hours?

Some disruption to law firm pricing is inevitable, but just how far that spreads is an open question.
9 minute read

International Edition

Will Innovation Help Law Firms and Clients Control the 'Cost Monster'?

Amid rising billing rates, there's fresh optimism that innovation, not only on pricing plans but because of AI-related spending and projects, can lower costs on both sides.
5 minute read

International Edition

Big Law in September Will Raise Volume on Billing and Collections Push

Common billing reminders often begin in September, from managers asking partners in meetings to pledge what they think they're going to collect, to some managers going door-to-door in the office to discuss it.
5 minute read

International Edition

Big Law in the US Is Still Grasping for the 'Other Side' of Uncertainty

Firms benefitted from 7.7% average billing rate increases in the first half, Wells Fargo said, noting they are continuing to absorb productivity hits in the hopes of getting to the "other side" of the economic storm.
4 minute read

International Edition

The 1,800-Hour Year: Pipe Dream or Essential for Lawyers' Well-Being?

An 8 a.m.-to-6 p.m. workday would decrease profit margins by 15% to 20% at top firms. It may also be the only way for law firms to support many attorneys' mental health.
8 minute read

International Edition

Dentons Files Lawsuit Against Ex-Client for $1.7 Million in Unpaid Legal Fees

The global law firm filed a complaint alleging breach of contract, unjust enrichment, and other claims.
2 minute read

International Edition

'Rates are Getting Crazy': General Counsel Intensify Calls to Overhaul the Billable Hour

As charge-out rates rocket alongside inflation and interest rates, top in-house lawyers say that the need to revolutionise the billable hour model is more urgent than ever.
9 minute read

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