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International Edition

Why Law Firms Must Be More Entrepreneurial

Harbour's Maurice MacSweeney says firms that prioritise innovation in pricing, new tech, and external finance, will end 2024 in good health.
5 minute read

The American Lawyer

Nonequity Partner Growth Kicks Into High Gear

Several Am Law 100 firms grew their income partner ranks by double-digit percentages in 2023. Multiple factors are pushing firms to rapidly expand this tier of partners, observers say.
7 minute read

Daily Report Online

Moore & Van Allen Leans Into Countercyclical Practices for Revenue, Profit Growth

While banking and finance is its largest practice, the Am Law 200 firm saw gains from litigation, restructuring, IP and real estate.
5 minute read

The American Lawyer

Mintz Sees Revenue Hit All-Time High as Profits Dip Amid Office Expansion

"Our profits per equity partner were down, but we baked that in," said Robert Bodian. "That reflects a significant investment in Toronto and Miami, and we finance everything through our profits."
5 minute read

New Jersey Law Journal

Lowenstein Sandler Sees Double-Digit Drops After Contingency-Aided 2022

Core revenue increased from the previous year if contingency fees are removed from the equation, according to chairman and managing partner Gary Wingens. The firm is also poised to bring on a new chief operating officer, Goodwin Procter veteran Michael Caplan. 
4 minute read

The American Lawyer

More Big Law Firms Are Crossing Financial Milestones. How Much Do They Care?

Several law firm leaders have said they are often more concerned with per-lawyer or per-partner thresholds, compared with top-line milestones.
5 minute read

The American Lawyer

Fried Frank Crosses $1B in Revenue as PEP Soars 21% and Equity Tier Declines

"There was no plan for mass de-equitization," said chair Kenneth Rosh. "We do manage it [the partnership], and there were some laterals who left and some retirements."
6 minute read

The American Lawyer

At Morrison & Foerster, Reduced Overhead and Steady Demand Led to 19% Profitability Gain

Strong performances in litigation, middle-market M&A and bankruptcy practices propelled the firm to a 6.2% increase in gross revenue.
6 minute read

Daily Report Online

Womble Bond Dickinson's Revenue Rises Amid Flat Profits Per Partner

"We're not going to limit the people who should be partners when they've achieved the firm's milestones," said CEO Betty Temple.
6 minute read

National Law Journal

Big Law Takes Bigger Bet on Contingency Fee Practices

Kirkland, Crowell, Quinn and Susman Godfrey, among others, have all had financial gains from contingency fee cases. "We've seen a noticeable increase in interest in building out plaintiff side practices," said Evan Meyerson, at Burford Capital.
6 minute read

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