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International Edition

3 Am Law 50 Firms Continue to Struggle to Withdraw From Representing Sanctioned Russian Banks

Latham & Watkins and its client, VTB Bank, have already missed two deadlines to get substitute counsel to file an appearance notice, and requested, in a letter addressed to a federal judge, an additional two-week extension until July 7.
5 minute read

International Edition

UK Conservative MP Paid More Than £1.1M By Withers In Last Year

The figure includes an annual salary of £400,000.
2 minute read

International Edition

Why Some Lawyers Are Leaving Big Law to Go Small

Some lawyers are heading into smaller firms or launching their own boutiques—moves resulting from a mix of billing rate pressures, a desire for remote-work flexibility and just wanting to take a breather after a busy 2021.
4 minute read

International Edition

Digital Law Firm Founder Stays on Top of Fast-Changing Tech

Cryptocurrencies, NFTs and other emerging technologies are creating new frontiers for law. Natasha Blycha who founded digital law firm Stirling & Rose last year, says the structure of traditional law firms make it difficult to run a cutting-edge digital practice in which technological developments and regulations are constantly changing.
7 minute read

International Edition

As Billing Rates and Client Pressure Collide, a Turning Point Looms

The tension could alienate clients, cut into law firms' profits and force talent out the door.
6 minute read

International Edition

Upticks in Partner Billing, Associate Rates Prompt Shift to ALSPs

Law firms are staffing more corporate matters with partners, a new report from Wolters Kluwer shows.
5 minute read

International Edition

UK GCs Slam 'Unfair, Astronomical' Fee Rises As Some Bills More than Double

'It's not what I imagined with my long-term relationships', said one of the many GCs feeling the impact of inflated junior lawyer pay.
6 minute read

International Edition

Big Law's Big Fees, Russia Links and Ex-Partner's Crimes Keep Firms in Spotlight

The London Lawyer: Big Law = Big Fees. Clients know it, partners know it, those of us who cover the industry know it. But others remain horrified at rates.
3 minute read

International Edition

Cleary's High Fees Condemned By Senior UK Judge

In a court battle between electronics giants LG and Samsung, a Court of Appeal judge said there was "no justification at all" for such inflated billings.
2 minute read

International Edition

Handling Client Money is Dying Out at Law Firms

Handling client money is proving too risky for top law firms so those working on large-scale M&A are quitting the age-old service.
8 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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