By Teresa J. Walker, Law Firm Partnership & Benefits Report | August 22, 2017
The law firm business model of the past is under attack. Slowly, private legal is responding with things like developing knowledge management systems, establishing jobs for data analysts who can establish pricing of services and beginning to look at ways to outline workflows and processes. Unfortunately, corporate clients are impatient and are beginning to push harder for improved efficiency and increased speed of service delivery.
By Roy Strom | August 21, 2017
Joining a crowd of positive reports on law firms' first half financial performance, Wells Fargo Private Bank said Tuesday that the first half of 2017 was a surprising financial success for law firms, largely thanks to the performance of the largest and most profitable among them.
By Zach Warren | August 17, 2017
DLA Piper's marketing team revealed the inner workings of its massive client retention data analysis program at ILTACON 2017.
By Miriam Rozen | August 16, 2017
New billing models are about to sweep the industry, according to one law firm leader who says alternative fees helped catapult his firm onto The Am Law 200 just 14 years after he founded it.
By Miriam Rozen | August 11, 2017
For many firms, anxieties about alternative fees highlight a billable hour-based business model they've already left behind.
By Dan DiPietro and Gretta Rusanow | August 10, 2017
At large law firms, increased revenues were offset by higher expenses during the first six months of this year, reports Citi Private Bank.
By Roy Strom | August 10, 2017
William Glasgow helped intellectual property boutique Fish & Neave merge with Ropes & Gray a dozen years ago. Now, as the Am Law 100 firm unwinds part of that union, the semi-retired Glasgow reflects on the current state of Big Law. Oh, and he once tried to do business with President Donald Trump.
By David Gialanella | August 8, 2017
In a 53-page decision that at times reads like a partnership primer, the Appellate Division has tackled the tricky issue of the monetary value of a lawyer's practice, and in the process upended many aspects of a New Jersey Big Law attorney's divorce judgment.
By Roy Strom | August 7, 2017
The market for large law firms continued to face demand headwinds in the second quarter of 2017, according to a new report Monday by Thomson Reuters Peer Monitor, but the largest firms continue to separate themselves from their smaller peers.
By Katelyn Polantz | August 3, 2017
When the legal industry looks back at its history, June 6, 2016, may register as just another day in law firm decision-making. Or, it could be the…
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