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International Edition

Garrigues Hits €454M Revenue as Firm Charts 10 Years of Growth

However, the firm's growth trajectory has slowed, with leaders citing 'global geopolitical crisis and political and institutional instability'.
3 minute read

Texas Lawyer

Revenue Up 11.2%, PEP Up 22.1% at Akin, as Aggressive Hiring Pays Off

Chairperson Kim Koopersmith said Akin Gump Strauss Hauer & Feld's record year is due to strategic hiring in important practices.
5 minute read

Litigation Daily

The Buzzword All Over the Early Am Law Returns: Litigation

Quinn Emanuel and Jenner & Block—two of the most litigation-centric in the Am Law 100—have posted some of the strongest financial numbers for 2023 reported so far.
4 minute read

International Edition

Bird & Bird CEO: 'We Want to be a €1B Law Firm in 5 Years'

With a current global revenue of €568.7 million, the target means the firm will have to nearly double its income by 2029.
3 minute read

The American Lawyer

Latest Big Law Layoffs Illustrate Inconsistency in Market as Some 'Still Haven't Seen That Bounce Back'

"Our talent levels became misaligned with our existing and projected client demand, particularly in our large transactional practices. I take responsibility for this and am truly sorry that those decisions have led to a significant impact on our people today," said Fenwick & West's chair.
4 minute read

National Law Journal

Steptoe's Revenue Grew 13% Amid Lateral Expansion and Rising Litigation Demand

Even as the equity tier expanded and the firm's profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe's total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.
4 minute read

Pro Mid Market

Should Midsize Firms Get More Aggressive About Rate Increases?

As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
7 minute read

Litigation Daily

Hours Down. Revenues Up. What Gives?

"Billable hours worked, the market's favored measure of demand for legal services, is simply becoming a less useful measurement," write the authors of a report issued this week by The Thomson Reuters Institute.
4 minute read

Texas Lawyer

Benefiting From Energy Work and Strategic Hiring, Vinson & Elkins Breaks Above $1B Revenue Barrier in Record Year

Despite growth in its lawyer head count and equity partner ranks, Houston-based Vinson & Elkins also improved its revenue per lawyer by 2.7% and its profits per equity partner by 3.6%.
6 minute read

The American Lawyer

Jenner, Looking at 'Stretch' Goals, Reached Double-Digit Revenue and Profit Growth

Jenner surpassed even its own revenue target in 2023, while the firm increased PEP by nearly 18% amid a 4% contraction in its equity tier.
5 minute read

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