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International Edition

Raising Billing Rates in 2023 Becomes A 'Singular Focus' For Law Firms

"We're seeing higher planned rate increases at this point than we've ever seen, and we've been tracking this for 15 years," said a Wells Fargo analyst.
4 minute read

International Edition

UK High Court Judge Criticises Baker McKenzie's Fees, Calls For Slashed Budget

The judge stated that the total bill estimation "is disproportionate".
2 minute read

International Edition

Davis Polk to Close Paris Office by End of 2022

The office, which opened in 1962 and was the firm's first outpost outside the U.S., today counts five lawyers, including one partner, who are all being outplaced, the firm said.
3 minute read

International Edition

Linklaters Latest to Credit Diversity Work in Billable Hours Globally

The DEI contributions will also be taken into account when it comes to assessing overall performance bonuses.
2 minute read

International Edition

Cineworld's Canadian M&A Counsel Seeks $1.6M Payment; Theater's Chapter 11 Bankruptcy Handled by Kirkland, Jackson Walker and Slaughter and May

Canadian law firm McCarthy Tétrault is owed $1.6 million, according to the British movie theater chain's bankruptcy filing.
2 minute read

International Edition

Dollar's Strength May Influence Billing, Talent and Expenses in Big Law

Exchange rates could affect how U.S. law firms manage certain expenses, set billing rates and attract laterals. And firms outside the U.S. could also benefit.
6 minute read

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

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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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