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The American Lawyer

Facing a Shrinking Talent Pool, Insurance Defense Firms Are Fighting to Add Attorneys

"As insurance carriers become more aggressive with auditing and exceptions and cost containment, that is an impediment to our ability to retain talent," said one law firm leader. "It's having an adverse effect on morale."
6 minute read

The American Lawyer

'If Only We Had Full Staffing': This Legal Sector Is Spread Thin, but Negotiating Higher Rates

"It used to be a firm would put in a rate request, and it would take several weeks or months to get approved—now they're getting it approved within 24 to 48 hours," one recruiter said.
7 minute read

National Law Journal

9 Big Law Firms See Work From SEC's Latest Enforcement Action

Davis Polk, Sidley, Foley, Milbank, Wilmer, King & Spalding and other firms were defense counsel for 26 broker-dealers, corporate insiders and others for widespread recordkeeping failures.
3 minute read

The American Lawyer

Partners Confront 'Deeply Uncomfortable' Client Communications on Soaring Billing Rates

Law firms are increasingly relying on engagement letters or online e-billing platforms to alert clients of rate increases, even though less personalized communication can frustrate clients, sources say.
6 minute read

The American Lawyer

Sweet and Savory: Skadden, Kirkland, Cravath, Simpson, S&C and Cleary Guide $35.9B Big Snack Deal

The Mars-Kellanova transaction is one of the latest big deals for Big Law. Megadeals of more than $10 billion were up 70% in the first half of 2024 compared with 2023 levels.
3 minute read

Law.com

The Double-Edged Sword of Discounting Corporate Legal Fees: Weighing Profitability Against Client Retention

This article delves into the multifaceted implications of discounting corporate legal fees, exploring both the potential benefits and the risks associated with this strategy.
13 minute read

National Law Journal

Law Firms' Lobbying Businesses Add New Clients Focused on Tax Policies

Brownstein Hyatt Farber Schreck, Akin Gump Strauss Hauer & Feld, Holland & Knight, DLA Piper, Phronesis DC, Adams and Reese, BakerHostetler all filed new lobbying registrations since the end of June.
3 minute read

National Law Journal

Covington, Wilmer Played Roles in the US-Russia Prisoner Swap

Wilmer was brought in by Wall Street Journal parent Dow Jones to work with officials outside Russia to help secure the release of reporter Evan Gershkovich, while Covington aided U.S.-funded media outlet Radio Free Europe/Radio Liberty in freeing reporter Alsu Kurmasheva.
4 minute read

Law.com

What Financial Questions Should You Ask Your Client?

If you open the door to helping clients with financial planning, it can also make sense that a law firm might address the same concerns internally. In that case, the financial planning questions a forward-thinking attorney might ask of a client are also questions that attorney should be considering in their own life.
7 minute read

The Legal Intelligencer

One Program, Multiple Benefits: Firms Use Training to Engage Clients and Attorneys

Corporate practice leaders view career development efforts not just for their impact on individual attorneys but for their broader relationship to a firm's long-term growth.
6 minute read

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