By Patrick Smith | September 4, 2020
According to BLS data the legal sector stayed completely flat in July as recent layoffs foreshadow a rocky Fall.
The American Lawyer | Analysis
By Dan Packel | September 2, 2020
Altman Weil consultant Eric Seeger has spoken with roughly three dozen managing partners over the last month. Every one is looking into a head-count reduction.
Daily Business Review | Analysis
By Meredith Hobbs | September 2, 2020
"I feel really good about the momentum for the first half, but matching that for the second half of the year is going to be more difficult," said Jeff Grossman of Citi Private Bank's Law Firm Group.
By Dylan Jackson | August 24, 2020
As they outperform the bleak forecast they had expected in March, more firms are rolling back compensation reductions.
By Zack Needles | August 24, 2020
About a dozen large law firms—at least seven of which made announcements last week—have rolled back certain austerity measures put in place at the start of the pandemic, citing better-than-expected financial performance. But it's clear that, despite this welcome news, no one feels confident that the threat is totally over.
By Dylan Jackson | August 21, 2020
Law firms are picking up the pace of "counseling out" equity and nonequity partners, many of which are in the hard-hit corporate space, sources said.
By Christine Simmons | Dan Packel | August 20, 2020
Pillsbury, K&L Gates and Crowell & Moring are the latest firms to walk back some of their pandemic-related pay cuts.
By Brenda Sapino Jeffreys | August 20, 2020
According to a Citi Private Bank Law Firm Group report on the first half of 2020, the Texas region is one of only two in the country where revenue growth was flat.
The Legal Intelligencer | News
By Erica Silverman | August 19, 2020
Fox Rothschild, like many law firms, is reporting less-than-expected financial losses due to the pandemic, and is rolling back reductions, at least partially.
The American Lawyer | Commentary
By Jeff Grossman and Gretta Rusanow | August 18, 2020
Rate growth and a shortened collection cycle contributed to 5.3% revenue growth in the first half, according to Citi Private Bank.
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