By Brenda Sapino Jeffreys | February 15, 2024
Chairperson Kim Koopersmith said Akin Gump Strauss Hauer & Feld's record year is due to strategic hiring in important practices.
The American Lawyer | Analysis
By Dan Roe | February 15, 2024
As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
By Ross Todd | February 15, 2024
Quinn Emanuel and Jenner & Block—two of the most litigation-centric in the Am Law 100—have posted some of the strongest financial numbers for 2023 reported so far.
The American Lawyer | Analysis
By Andrew Maloney | February 14, 2024
"Our talent levels became misaligned with our existing and projected client demand, particularly in our large transactional practices. I take responsibility for this and am truly sorry that those decisions have led to a significant impact on our people today," said Fenwick & West's chair.
National Law Journal | Analysis|News
By Abigail Adcox | February 14, 2024
Even as the equity tier expanded and the firm's profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe's total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.
By Dan Roe | February 14, 2024
As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
By Ross Todd | February 14, 2024
"Billable hours worked, the market's favored measure of demand for legal services, is simply becoming a less useful measurement," write the authors of a report issued this week by The Thomson Reuters Institute.
By Brenda Sapino Jeffreys | February 13, 2024
Despite growth in its lawyer head count and equity partner ranks, Houston-based Vinson & Elkins also improved its revenue per lawyer by 2.7% and its profits per equity partner by 3.6%.
By Andrew Maloney | February 13, 2024
Jenner surpassed even its own revenue target in 2023, while the firm increased PEP by nearly 18% amid a 4% contraction in its equity tier.
The American Lawyer | Analysis
By Justin Henry | Dan Roe | February 13, 2024
"It's interesting to me that those in the top 50 did even better than those in the next 50," said Marci Taylor, a law firm strategy consultant and founder of Mantra Partner, in regard to early reports.
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