By Patrick Smith | November 30, 2023
Quinn Emanuel, which is matching the latest base salary scale and bonuses, is expecting profits to increase more than 20% this year.
By Patrick Smith | November 30, 2023
While several law firms earned top recognition in their digital marketing, law firms overall are facing uncertainty over how to handle AI and X.
New York Law Journal | Analysis
By G. Andrew Lundberg | November 30, 2023
Legal finance is uniquely capable of enabling the integration of lateral lawyers or practice groups into firms by allowing lawyers to meld a firm's risk appetite with the client and case profiles new lawyers can bring to the party. For the same reasons, it's also uniquely suited to bridging emerging rifts in existing firms.
The Legal Intelligencer | News
By Justin Henry | November 29, 2023
Other Am Law 50 firms with roots in Pennsylvania did not respond to inquiries about whether they'd also be raising associate salaries.
By Thomas Spigolon | November 28, 2023
Atlanta law firms grew billing rates by an average of 9.5% in the first nine months of the year, compared with the industry's 7.9% growth, according to a Wells Fargo survey.
New York Law Journal | Analysis
By Paul Haskel | November 28, 2023
In recent years, law firms have taken on an increasing number of contingency cases—but doing so can be a gamble. Fee delays, risk of loss, soaring out-of-pocket costs and potentially going years without revenue are just a few of the risks. It can also lead to unusual volatility in firm revenue. So why are so many firms turning to litigation funding to mitigate these risks? This article examines the benefits and risks of litigation funding and addresses successful models in cost and risk sharing. It also compares how funding can be used successfully as a tool at different types of law firms.
By Alexander Lugo | November 22, 2023
"They've done the work creating the value. Now they have to collect it, and that's what's going to drive that revenue figure up," said Owen Burman, a senior consultant at Wells Fargo.
By Brenda Sapino Jeffreys | November 22, 2023
"This revenue outcome represents not only favorable client demand [and] the right decisions around billing rates, but also the right discipline around the collection cycle."
By Patrick Smith | November 21, 2023
"We've been incredibly fortunate to have had a lot more stability and excitement in our own work during 2023," Wachtell's Adam Emmerich said.
National Law Journal | Analysis
By Abigail Adcox | November 21, 2023
Citi attributed D.C. firms' demand growth to client demand for partner-level talent, in areas including regulatory, litigation and restructuring.
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