By Brenda Sapino Jeffreys | April 14, 2023
Revenue slipped by 3.1% at Hunton Andrews Kurth, but the firm's lawyer head count also declined by 4.9% in 2022. Net income, meanwhile, dropped by more than 17%.
By Andrew Maloney | April 14, 2023
The contraction in the equity tier and the growth of the nonequity ranks are not a result of de-equitizing partners, but a consequence of significant lateral hiring and its largest-ever partner class, the firm said.
By Zack Needles | April 14, 2023
The news and analysis you need to start your day.
The American Lawyer | Analysis
By ALM Staff | April 14, 2023
A collection of The American Lawyer's reporting on how law firms fared in 2022.
By Patrick Smith | April 13, 2023
The firm's layoffs in February followed a financial year in which PEP fell 8.5%.
By Patrick Smith | April 13, 2023
The firm's two largest practices, investment management and litigation, were up 17% and 25%, respectively, Schulte said.
The American Lawyer | Analysis
By Justin Henry | April 13, 2023
Two years ago, law firms realized skyrocketing profits because they had no choice but to work remotely. Today, the cost-benefit analysis of spending on travel and in-person meetings is a matter of their own volition.
By Patrick Smith | April 12, 2023
Profits per equity partner sank 20.2% to $2.8 million, but firm chair Hugh Verrier said he anticipates a "big bounce-back year."
By Brenda Sapino Jeffreys | April 12, 2023
A number of the firms brought in a record amount of revenue in 2022, compared with 2021.
By Alexander Lugo | April 11, 2023
Even after a rate hike, the firm said its billing rates were still desirable because of how they compare across its office markets.
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