By Justin Henry | David Gialanella | Everett Catts | Jessie Yount | Max Mitchell | Dan Roe | February 8, 2023
From changing billing software to developing incentives for timely billing, midsize law firm leaders shared enhancements they made to their billing practices in recent interviews.
The Legal Intelligencer | News
By Justin Henry | February 7, 2023
Billable hours per lawyer dipped by just 4.4% in a sample of Philadelphia-based firms, compared to 6.1% nationwide and 9% in New York. A Wells Fargo analyst credited the region's diverse practice mix for the relatively strong performance.
By Zack Needles | February 7, 2023
The news and analysis you need to start your day.
By Andrew Maloney | February 7, 2023
Firm costs actually dropped by the end of 2022, partly because firms were more frugal in staffing and pay. Law firms will continue to be vigilant on expense growth in 2023, analysts say.
By Alexander Lugo | February 6, 2023
"The outperformance in Florida was very evident," said Owen Burman, a senior consultant at Wells Fargo Private Bank Legal Specialty Group, which produced the report. "Florida is in pretty good shape for a strong first quarter."
By Alexander Lugo | February 3, 2023
"The outperformance in Florida was very evident," said Owen Burman, a senior consultant at Wells Fargo Private Bank Legal Specialty Group, which produced the report. "Florida is in pretty good shape for a strong first quarter."
By Jessie Yount | February 3, 2023
California firms projected demand growth of 3.5% and revenue growth of 5% for fiscal 2023, but the forecast for top-line growth was somewhat "muted" given the "very healthy" demand expectations, said Wells Fargo Legal Specialty Group managing director Owen Burman.
By Brenda Sapino Jeffreys | February 2, 2023
A group of nine firms founded in Texas that participated in the Wells Fargo Legal Specialty Group 2022 year-end survey outperformed the industry in many metrics, including productivity.
By Jessie Yount | February 1, 2023
"We're seeing a lot of interest in mergers of magnitude because laterals and [lateral] groups tend to rarely result in net growth, or net growth that is satisfying to the overall strategy," said law firm consultant Kristin Stark.
The American Lawyer | Analysis
By Jessie Yount | February 1, 2023
"We're seeing a lot of interest in mergers of magnitude because laterals and [lateral] groups tend to rarely result in net growth, or net growth that is satisfying to the overall strategy," said law firm consultant Kristin Stark.
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