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Daily Report Online

Adams and Reese Sees Revenue, Profits Rise Sharply

The firm increased its realization rate, from 105% in 2022 to 109% last year.
5 minute read

The American Lawyer

Has Big Law Finally Returned to a Point of 'Normalcy'?

"For the first time in years, firms don't seem to be harried by the tumultuous rollercoaster of events seen thus far during the 2020s," according to a legal industry report this month.
6 minute read

National Law Journal

'Steady Year in a Turbulent Market': McGuireWoods Surpasses $1B in Gross Revenue

McGuireWoods benefited from rate increases and also embraced alternative fee arrangements, including "very significant enterprise-wide flat fee type arrangements" and blended rates, said the managing partner.
4 minute read

The American Lawyer

Amid Partnership Expansion, Paul Hastings Sees Double-Digit Boost in Profits and RPL

Paul Hastings' equity tier grew by 2% while its nonequity tier surged by 14%.
5 minute read

National Law Journal

As Firm Expenses Grew by $15M, Vorys' Revenue Rose but Profits Declined

The firm's expense growth was driven by investments in new ancillary businesses, as well as overhead for new firm offices, lawyer compensation and inflation, said Michael Martz, Vorys managing partner.
3 minute read

The American Lawyer

McDermott Sees 13% PEP Rise as Revenue Continues Steady Growth

The firm's revenue growth last year was slower than in recent years, but McDermott Chair Ira Coleman said the firm's concept of "institutional health" was the larger focus.
5 minute read

The American Lawyer

Consistent Demand and Increased Rates Help Dorsey Edge Closer to $500M Mark

Dorsey wouldn't close the door on any merger opportunities, said managing partner Bill Stoeri, but adding he's probably more amenable to group laterals and smaller firm acquisitions.
5 minute read

The American Lawyer

Quinn Emanuel's 38% PEP Growth Came From Heightened Leverage, High-Profile Cases

Roughly 8% of the firm's $2.07 billion in revenue came in the form of contingency fees, according to Michael Carlinsky, one of three co-managing partners at the firm.
5 minute read

Daily Report Online

Bradley Arant Sees Revenues Rise and PEP Fall Amid 12% Equity Partner Expansion

The firm's PEP dropped by 5% to $820,000, as its equity tier expanded and its nonequity tier shrunk by 9%, bucking a trend in the industry of growing the nonequity ranks.
5 minute read

The American Lawyer

Faegre Drinker Rebounds From 2022 With Double-Digit PEP Growth

"We saw these huge gains in litigation, including product liability, intellectual property, class actions, appellate work," said Chair Gina Kastel, who is close to completing her first year in the role.
4 minute read

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