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The American Lawyer

Kirkland Is Entering a New Market. Will Its Rates Get a Warm Welcome?

Recruiters and observers in the market compared Kirkland’s move into Philadelphia with Goodwin Procter’s 2023 entry.
5 minute read

The Legal Intelligencer

Kirkland Lands in Phila., but Rate Pressure May Limit the High-Flying Firm's Growth Prospects

Goodwin Procter, which arrived in the city early in 2023 with a focus on life sciences deals and private equity, could be an appropriate comparison. The firm added just five new lawyers locally in 2024.
5 minute read

The American Lawyer

Senior Associates' Billing Rates See The Biggest Jump

“You’re getting some associate rates cresting to over $1,000 an hour, as much as some junior partners," said Jennifer McIver, of Wolters Kluwer ELM Solutions.
4 minute read

The American Lawyer

Strategic Pricing: Setting the Billable Hour at the Intersection of Psychology, Feedback and Growth

If there's no pushback on new rates, the increase was too low, David Ackert writes: Each strategic adjustment should help cull a few unprofitable clients.
4 minute read

The American Lawyer

The American Lawyer's Top Stories of 2024

From partnership changes to GenAI, here are some of The American Lawyer's most-read stories of the year.
1 minute read

New York Law Journal

Decision of the Day: Contingency Fee to Counsel Result of Successful Advocacy, Not Windfall

This ruling was selected and summarized by the New York Law Journal's decision editors.
2 minute read

International Edition

Kirkland, Freshfields Earn 8-Figure Windfall for Leading £5.4B Hargreaves Lansdown Takeover

The legal spend is among the highest seen in London for a single transaction, according to rival partners.
3 minute read

International Edition

The Price of Time: Should Law Firms Sell Minutes or Value?

As the legal industry grapples with the rise of AI, the once-immutable billable hour faces unprecedented scrutiny.
4 minute read

Corporate Counsel

'Utterly Bewildering': GCs Struggle to Grasp Scattershot Nature of Law Firm Rate Hikes

"It's a complicated, highly fragmented industry with tens of thousands of people making different decisions every day," said Jason Winmill, legal department consultant.
5 minute read

New York Law Journal

The Newest Law Firm Partner: Private Equity

Howard Rosenberg, partner and head of talent intelligence & acquisitions at Baretz+Brunelle, explores whether "talent finance" is the new litigation finance, where outside funding could come into a law firm by way of the talent pipeline as opposed to litigation.
9 minute read

More from ALM

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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