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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

International Edition

Is Toronto the Next Hot Spot for US Firm Expansion?

Canada's largest city has a lot to offer and firms like Mintz and Cozen O'Connor have already started the trend to move north of the border.
6 minute read

International Edition

In Canada, the Glory Days of Associate Signing and Retention Bonuses Are Over

As U.S. firms shed lawyers, Canadian firms are holding steady and being more strategic in their hiring, says a new salary report.
3 minute read

International Edition

Can Rates Make Up for Expense Growth Much Longer?

Rates and expenses have a limited window to rise in unison before law firms have to turn to innovation.
8 minute read

International Edition

What $1,000 an Hour Gets You in the Am Law 200 Today

Second-year associates and 19th-year partners share the same billing rate in recent bankruptcy filings.
3 minute read

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

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