By Andrew Maloney | November 22, 2022
"We're seeing higher planned rate increases at this point than we've ever seen, and we've been tracking this for 15 years," said a Wells Fargo analyst.
By Jessie Yount | November 21, 2022
"The fact that firms kept demand flat means, one, they have broad business practices that are countercyclical and not only weighted in capital markets; and, two, perhaps they are gaining share nationwide," said Owen Burman, segment manager for the Wells Fargo Private Bank Legal Specialty Group.
By Jacob Polacheck | November 21, 2022
The labor and employment firm has scooped up 11 lateral shareholders from rivals since September, including two in Salt Lake City this month.
By Andrew Maloney | November 21, 2022
Expectations for a quick surge in profitability appear to have fallen.
By Bruce Love | November 18, 2022
The poor performance in the region is a continuation of the first half of the year.
By Alexander Lugo | November 18, 2022
While revenue for law firms throughout the U.S. went up by 4.6% in the first three quarters of 2022, Florida firms saw a 10.7% increase, according to Wells Fargo data.
The Legal Intelligencer | Analysis
By Justin Henry | November 17, 2022
Firms based in the city outpaced other key legal markets with respect to increases in productivity, profits and inventory during the first three quarters of 2022, compared to the same interval in 2021.
The American Lawyer | Commentary
By Gloria Gomez-O'Rourke & Gretta Rusanow | November 17, 2022
Citi Private Bank's look at 9-month results shows a decline in demand coupled with expense growth is causing some firms to look for progress payments or sell receivables.
By Andrew Maloney | November 15, 2022
Average law firm net income fell by 7.3% and profits per equity partner was down 8.5% through the first nine months of 2022, according to a new Wells Fargo report.
By Jacob Polacheck | November 10, 2022
Labor and employment became one of the hottest practice areas when the pandemic hit in 2020, and demand has remained high, said Ross Fishman of Fishman Marketing.
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