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August 24, 2023 | Law.com

The Law Firm Disrupted: Costs For Professionals Are Rising, But Are They Still Undervalued?

Some of this is more staff, part of this is inflation. But another part is actually a shift toward higher-value support personnel.
5 minute read
August 24, 2023 | The Recorder

California Law Firms' Midyear Performance Tells a Tale of Two Markets

California-based law firms delivered better revenue and net income growth in the first half of the year, with Southern California-born firms uplifting the results.
4 minute read
August 24, 2023 | Texas Lawyer

Texas Law Firm Demand Outpaced Industry Averages in First Half of 2023

Fueled by energy work and litigation, demand grew marginally at Texas firms during the first six months of 2023, according to a new survey from Wells Fargo Legal Specialty Group, even as demand growth for the industry declined when compared with the same period in 2022.
3 minute read
August 24, 2023 | The Recorder

Who's Earned Barbara Parker's Endorsement for Oakland City Attorney?

Oakland City Attorney Barbara Parker shared her endorsement for a successor and what's next for her after more than a decade leading the office.
13 minute read
August 23, 2023 | Daily Business Review

Florida Law Firm Revenues, Expenses Both Outstrip National Averages

Firms based in the state continue to bring in business at an impressive clip, but their expenses in the first half of 2023 grew more than double the national rate.
3 minute read
Law Journal Press | Digital Book District of Columbia Legal Malpractice Law 2024 Authors: Shari L. Klevens, Alanna G. Clair View this Book

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August 23, 2023 | The Legal Intelligencer

Philadelphia Firms Saw Hefty Expense Increases Over Past 6 Months

Owen Burman, a senior consultant and managing director with Wells Fargo, indicated that firms based in the city are likely catching up with their peers elsewhere in the country.
4 minute read
August 23, 2023 | Daily Report Online

Big Atlanta Law Firms Saw Revenue and Profits Rise in First Half, Even as Collections Slowed

Billing rate increases appeared to be the largest fuel for revenue growth, as demand in Atlanta was down 1.6%, compared to a 0.4% decrease for all firms nationally, according to Wells Fargo.
4 minute read
August 22, 2023 | National Law Journal

DC Law Firms See Rebound in First Half of 2023, Increasing Revenues and Controlling Comp Expenses

"The real standout was controlling the compensation line and that really helped D.C.-focused firms," said Wells Fargo's Owen Burman.
3 minute read
August 22, 2023 | The American Lawyer

In Current Market, Billing Discipline 'More Critical Than Ever'

Sidley Austin's memo to associates about late time entries highlights that law firms are tidying up billing and collections procedures amid a slower demand environment.
4 minute read
August 21, 2023 | The American Lawyer

Law Firms Are Still Grasping for the 'Other Side' of Uncertainty

Firms benefitted from 7.7% average billing rate increases in the first half, Wells Fargo said, noting they are continuing to absorb productivity hits in the hopes of getting to the "other side" of the economic storm.
4 minute read

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