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The American Lawyer

How Law Firms Can Make Business Services a Performance Champion

"Based on our experience," McKinsey's Albert Bollard, Alex D'Amico and Igor Yasenovets write, "it is possible to increase business-services efficiency as much as 20% in terms of cost per lawyer, while maintaining or boosting partner satisfaction."
4 minute read

The Recorder

For Growing Law Firms, Customizable Financing Can Unlock Opportunities

Success in this increasingly saturated and competitive market often requires reaching, attracting and acquiring large groups of clients with an at-scale marketing budget. At the same time, firms must maintain strategic and effective cash flow management due to extended litigation and delayed settlements.
6 minute read

International Edition

Law Firms Grapple With 'Friction' Over Nonequity Partner Pay

Pay for nonequity partners can approach or overlap with compensation of senior associates, counsel as well as some equity partners, firm leaders and consultants say.
6 minute read

The American Lawyer

Law Firms Grapple With Nonequity Partner Pay ‘Friction’

Pay for nonequity partners can approach or overlap with compensation of senior associates, counsel as well as some equity partners, firm leaders and consultants say.
6 minute read

Litigation Daily

2024 Marked Growth On Top of Growth for Law Firm Litigation Practices. Is a Cooldown in the Offing for 2025?

According to data released by Thomson Reuters last week, litigation demand grew 3.3% in 2024 after seeing 2.8% growth in 2023.
4 minute read

The American Lawyer

As Bonus Pools Expand, Challenges Grow in Partner Compensation

While partner bonuses remain a strong and flexible tool to reward lawyers, the more firms lean on them, the more likely it is they can cause confusion or dismay, some observers say.
7 minute read

The American Lawyer

Am Law 50's Head Count 'Holding Pattern' Could Trickle Down

Head count growth at top 50 firms has lagged behind other segments in Big Law. But that could change in the near future.
5 minute read

The American Lawyer

Demand Growth to 'Likely Weaken' in 2025 After 'Anomalies' Propelled Big Law Profits in 2024

"The pattern of massive growth may cool a little bit, where that ability to do growth upon growth settles some," said Bill Josten.
5 minute read

The American Lawyer

Topping Kirkland, Weil Won the Most Valuable Major Bankruptcy Retentions of 2024

One massive Chapter 11 generated nearly $70 million in revenue for Weil in 2024.
3 minute read

New Jersey Law Journal

NJ Managing Partner Survey Indicates Tougher 2024 for Many Law Firms

All told, only 44% of firms said they saw an increase in net profits this year. That's a significant drop from the 75% who reported seeing new profit gains in 2023.
7 minute read

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