By Zack Needles | March 29, 2023
The news and analysis you need to start your day.
The American Lawyer | Analysis
By Justin Henry | March 28, 2023
"I'm happy that we were flat [in revenue] given the unbelievable transactions in 2021," said chief managing partner Mike Millikan.
The American Lawyer | Analysis
By Justin Henry | March 28, 2023
For some, the dip was a necessary consequence of spending more on travel for much-delayed in-person meetings. For others, 2022 was the right time to invest in growth aimed at generating long-term rewards.
By Justin Henry | March 28, 2023
"At some point, [Big Law] decided they didn't want to do the day-to-day work of corporations, just bet-the-company type stuff," Wendy Bernero, chief growth officer of software provider Page Vault, said at a LegalWeek panel on the state of mid-market firms. "The gift they gave to middle-market firms was the day-to-day work."
By Jessie Yount | March 27, 2023
Willkie grew revenue and net income again in 2022, as a swell in litigation offset some declines on the corporate side. Successful lateral investments in places such as Chicago and California fueled some of the top-line returns, firm leaders said.
By Jessie Yount | March 27, 2023
In the year-and-a-half that Willkie has been in Los Angeles, the firm has grown to more than 80 lawyers there.
By Brenda Sapino Jeffreys | March 27, 2023
Revenue at Arnold & Porter Kaye Scholer topped the $1 billion mark for the second year in a row, but challenges such as economic troubles, rising expenses, slow collections and U.S. political dysfunction impacted profits in 2022.
By Patrick Smith | March 27, 2023
While Shearman saw a 15.8% decline in the equity partnership, the firm welcomed 18 lateral partners last year.
By Jessie Yount | March 24, 2023
"Labor and employment sounds small, but the depth of what our clients need in this space provides lots of opportunities," chair Kevin Lauri said, noting the firm grows by about 6,000 clients every year.
The American Lawyer | Analysis
By Andrew Maloney | March 24, 2023
An unpredictable economy and tough deal market is requiring some alternative structures to make both client and firm whole.
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