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August 29, 2024 | New York Law Journal

New York City-Headquartered Law Firms Outpace Industry in First Half of 2024

"The incremental demand has really come from the transactional practices—capital markets, private equity, and fund formation. That trend started in the late third quarter of last year."
3 minute read
August 29, 2024 | New York Law Journal

Litigation Department of the Year Finalist, Class Action: Bernstein Litowitz Berger & Grossmann

"Our attorneys are experienced trial lawyers who are prepared to take every case through to trial."
4 minute read
August 29, 2024 | Corporate Counsel

Hourly Rates Rocket Higher, as Elite Firms Leverage Pricing Power

Legal departments are facing unprecedented financial pressure. "But when it comes to high-value work, they are willing to pay top dollar," said Owen Burman, managing director of the Wells Fargo Legal Specialty Group.
4 minute read
August 28, 2024 | National Law Journal

DC Law Firms 'Underperformed' in First Half of 2024

Among D.C.-based firms, revenue was up 5.6% in the first six months of 2024, falling below the 11.4% revenue growth the industry saw overall.
3 minute read
August 28, 2024 | Texas Lawyer

Revenue Growth for Homegrown Texas Firms Trailed Industry in First Half of 2024

Demand also declined on average during the first six months of 2024 for the group of Texas firms that participated in the Wells Fargo Legal Specialty Group Six-Month 2024 Survey.
3 minute read
Law Journal Press | Digital Book A Letter from Your Client Authors: By Alex Geisler View this Book

View more book results for the query "Wells Fargo"

August 28, 2024 | The American Lawyer

Second 50 Law Firms Are Trailing Elite Firms and Smaller Peers in Growth

Lower billing rates, more head count, and slowed collections, relative to the top 50, have all contributed to the Second 50's slower growth.
5 minute read
August 27, 2024 | The American Lawyer

As Associates Watch for Summer Bonuses, Timing Expectations Pushed Back

"If it doesn't happen this week, that doesn't mean that it won't happen at all," noted one Big Law associate recruiter.
5 minute read
August 26, 2024 | The American Lawyer

Elite Law Firms Pushed Industry Gains in First Half of 2024

The growth in "rack" billing rates remains the "primary contributor" to revenue growth and "was considerably higher for the Am Law 1-50 (10%) than for the other tiers, said Wells Fargo in its first-half report.
4 minute read
August 23, 2024 | The American Lawyer

Am Law 50 Law Firms 'Outpacing' the Industry More in 2024, as Segmentation Accelerates

"It is a bit of a vicious cycle for the rest of the industry to observe. It allows these elite firms to continue to pull away, as long as they continue to focus on those higher client value opportunities," noted one industry consultant.
5 minute read
August 19, 2024 | New York Law Journal

CPLR 5704 Is a Powerful, but Poorly-Defined, Tool That Highlights Department Differences

CPLR Section 5704 ("Review of ex parte orders") provides an avenue for Appellate Division review of such a refusal to sign an order to show cause. Unfortunately, however, New York courts have yet to provide clear guidance on when such applications will or will not be granted.
8 minute read

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