The American Lawyer | Analysis
By Andrew Maloney | November 15, 2023
"It's a bit telling of how the overall market is kind of feeling at the moment. There's going to be a lot of variability in how firms perform this year," noted New York legal recruiter Scott Yaccarino.
The American Lawyer | Expert Opinion
By Hugh A. Simons | November 14, 2023
History suggests that acquiring a "falling knife firm" can be accretive for the acquiring firm but that it requires something of the order of a 30% reduction in the equity partner ranks at the acquired firm, Hugh Simons writes.
By Zack Needles | November 14, 2023
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The American Lawyer | Analysis
By Andrew Maloney | November 14, 2023
"This could be a decent year if firms are able to speed up collections from now through year-end. So, that's the big 'if'," noted Citi's Gretta Rusanow.
By Patrick Smith | November 13, 2023
Wilson Sonsini's Michael Nordtvedt noted that boards and management teams are "leaving optionality for IPOs in the second half of 2024."
By Isha Marathe | November 13, 2023
Some worry that, as legal tech becomes more essential and expensive, firms will have to cut other areas, such as personnel.
The American Lawyer | Analysis
By Justin Henry | November 13, 2023
Some leaders in the lower half of the rankings no longer see elite firms' pay raises as a competitive pressure because the market has become so stratified.
The American Lawyer | Analysis
By Andrew Maloney | Chris O'Malley | November 10, 2023
Some GCs are voicing concerns about further rate hikes after associate pay raises. But Milbank's chair said the salary raises wouldn't have a material effect on its billing rate decisions in the future.
By Charles Toutant | November 8, 2023
"I was not in a good place," said a client, who is also a lawyer. "They went through a whole iteration of their knowledge of the [Internal Revenue Code], and ... they seemed knowledgeable."
By Andrew Maloney | November 7, 2023
The firm's chair pointed to "a very, very busy year" across the firm—one in which productivity was "materially" increased, as well as increasing cost of living.
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