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April 11, 2024 | Pro Mid Market

Midsize Firms Poised to Gain Market Share as Big Law Sheds Rate-Sensitive Practices

Another year of strong rate increases for Big Law means continued pressure on practices that can't sustain firmwide increases—and opportunities for midsize firms with greater flexibility.
5 minute read
April 03, 2024 | Pro Mid Market

Legal Malpractice Claims Are Growing in Severity. How Can Midsize Firms Protect Themselves?

"If a transaction goes awry or someone buys a business that doesn't turn out the way they want it to be," clients sometimes direct their litigation at the lawyers who represented them in the deal, said an attorney who represents fellow attorneys in malpractice cases.
6 minute read
March 28, 2024 | The American Lawyer

RPL Hits New Peak at Reed Smith, as Profits Stagnate Amid Mounting Costs

"We saw financial growth from top 200 clients, including significant increases in international engagements, which indicates that our global platform is working for our international clients," said global managing partner Casey Ryan.
5 minute read
March 27, 2024 | The American Lawyer

Lewis Brisbois Attempts Revamp After Mass Defections, Email Scandal

The firm has shaken up its C-suite, revamped its staffing ratio, and installed new management software. It succeeded in luring back one client that had publicly severed the relationship after the release of emails containing derogatory language from former employment practice leaders.
7 minute read
March 27, 2024 | New York Law Journal

Attorneys 'On the Move': Finance Partner Joins Fried Frank; DLA Adds Former Merck VP

And other announcements of recent hirings and promotions of New York attorneys.
7 minute read
March 22, 2024 | The Recorder

'We Are Evaluating This Lawsuit': Lewis Brisbois Responds to Complaint Filed by Ex-Partner

"Indeed, both of Mr. Lofton's immediate supervisors, John Barber and Jeffrey Ranen, have a well-documented 15-year history of exchanging racist remarks over defendant's email system with lawyers throughout LBBS—ranging from junior associates to fellow partners," the complaint said. "These emails included 'gratuitous use' of the n-word."
5 minute read
March 20, 2024 | The Recorder

Lewis Brisbois Sued by Chinese Investors Over $92.5M Investment Loss

A group of 185 Chinese limited partners who put money into a $2.5 billion redevelopment project in Century City, Los Angeles, say the firm's "failure to exercise a modicum of diligence" helped cost them their entire stake.
4 minute read
March 15, 2024 | The American Lawyer

Lewis Brisbois Loses Minneapolis Product Liability Group in Move to Husch Blackwell

The upcoming departures amount to nearly half of Lewis Brisbois' Minneapolis-based partnership.
3 minute read
March 13, 2024 | Daily Business Review

Midsize Law Firms Are Testing Different AI Approaches to Compete With Big Law

Law firms are mostly quiet on their experiments with generative AI. But some midsize firms see the technology as an opportunity to get ahead of the competition by testing different vendors or creating their own AI programs.
4 minute read
March 05, 2024 | The American Lawyer

FisherBroyles Spinoff Pierson Ferdinand Adds 25 New Partners in Second Month of Existence

The hires, including 16 attorneys from FisherBroyles, bring the head count at the new firm into alignment with the 130 "commitments" touted by co-chairman Michael Pierson and Joel Ferdinand at the time of launch.
2 minute read

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