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.
By Brenda Sapino Jeffreys | November 21, 2023
While demand through the first nine months of 2023 was flat for the legal industry when compared to the same period last year, homegrown Texas firms posted a 1.1% increase in demand, according to a Wells Fargo Legal Specialty Group survey.
By Andrew Maloney | November 21, 2023
Law firms will try everything in their control, such as setting up so-called milestone payments on next year's work or using discounts to incentivize payment of outstanding bills.
The Legal Intelligencer | Analysis|News
By Amanda O'Brien | November 20, 2023
"Gross revenue was up 4.5%—even though rates did contribute to that, overall demand was worse," Wells Fargo's Owen Burman said of the Q3 results of six Philadelphia-based firms surveyed by the bank. "In order to have revenue be around the same point, they've basically collected better at this point in the year than other firms have."
National Law Journal | Analysis
By Abigail Adcox | November 20, 2023
Law firms founded in the D.C. region aren't expected to be "leading the charge" in raising associate pay and matching, but they will be heavily influenced by what their peers in New York do.
The American Lawyer | Analysis|News
By Patrick Smith | November 20, 2023
The Wall Street firm may keep its same approach in firm operations for as long as possible, whether it's the firm's lockstep compensation system, partnership structure or practice-area focus.
By Kristen Corpion | November 17, 2023
Do you want to position your small law firm to be a merger or acquisition target? Even if you don't, wouldn't it be nice if suitors came calling,…
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