By Andrew Maloney | February 15, 2023
Some rate increases last year were "shocking at the high end," according to a new rate report, noting about 15% of Am Law 100 firms increased their rates between 10% and 20%.
By Alexander Lugo | February 14, 2023
A 0.2% increase in revenue marks the firm's lowest growth rate in at least five years.
The American Lawyer | Analysis
By Justin Henry | February 14, 2023
Litigation funders are eager to make equity investments in law firms, but partner resistance and regulatory uncertainty present major obstacles.
By Jessie Yount | February 14, 2023
Firm leaders said they face fewer limitations when it comes to helping early-stage companies, and view the current environment as an opportunity to press their advantage.
By Andrew Maloney | February 14, 2023
Law firms can see some signs of improvement, including moderating expenses and transactional demand that remains above pre-pandemic levels. But a shaky economy in 2023 could put that in jeopardy.
The American Lawyer | Analysis
By Dan Roe | February 10, 2023
Jones Day partner Gregory Gordon employed the tactic in four large Chapter 11s prior to a late January ruling against Johnson & Johnson affiliate LTL Management.
The American Lawyer | Analysis
By Andrew Maloney | February 10, 2023
Shearman and Davis Wright's layoffs are "not going to be the end of the story," said Georgetown's Jim Jones.
By David Gialanella | February 9, 2023
Contingency fees played a larger role in the firm's revenue in 2022, while the firm slowed its hiring and raised billing rates, according to managing partner Gary Wingens.
The American Lawyer | Analysis
By Dan Roe | February 9, 2023
Prior to January's layoffs, the law firm has hired more than 600 lateral associates and lost nearly 400 since 2020, an American Lawyer analysis found.
By Patrick Smith | February 8, 2023
The firm said it is laying off 26 business professionals and 12 associates, "focused mainly on transactional practice areas most affected by current and projected market conditions."
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