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.
By Andrew Maloney | January 31, 2023
More large firms are also building their own ALSPs, according to a new report.
By Dan Roe | January 31, 2023
Historic declines in productivity mean the first quarter of 2023 will determine whether economic pains follow law firms' years of gains, said Wells Fargo Legal Specialty Group managing director Owen Burman.
The American Lawyer | Analysis
By Patrick Smith | January 31, 2023
The New York law firm is now about "a third as profitable as its top competitors," said a former partner, diminishing its ability to hit market compensation for partners and leading to some exits.
By Brenda Sapino Jeffreys | January 27, 2023
With revenue and net income up at Baker Botts in 2022, compared with 2021, revenue per lawyer and profits per partner hit record levels at the slimmed-down firm.
The American Lawyer | Commentary
By Mark Masson, Jay Russell and Ed Estrada | January 26, 2023
Advisers at Lotis Blue Consulting and Estrada Consulting share a series of tips on how firms can get more out of their collections process—possibly avoiding layoffs as a result.
New York Law Journal | Analysis
By Arthur Ciampi and Maria L. Ciampi | January 26, 2023
Although applying Colorado law, a recent decision proves helpful and instructive to New York lawyers.
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