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."
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."
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