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Texas Lawyer

Homegrown Texas Law Firms Reap Benefits of Collections 'Discipline' and Strong Demand Through Q3

"This revenue outcome represents not only favorable client demand [and] the right decisions around billing rates, but also the right discipline around the collection cycle."
3 minute read

International Edition

Iberian Law Firm Leader Interview: We Want to 'Break The Roof' and Double in Size

Already having more-than-doubled its revenue in the past three years, Andersen is looking to break triple digits in the next three.
3 minute read

The American Lawyer

New York Law Firms See Good News, But Still Have Some Cause for Concern

"We've been incredibly fortunate to have had a lot more stability and excitement in our own work during 2023," Wachtell's Adam Emmerich said.
7 minute read

National Law Journal

DC Law Firms on Road to Finish Strong 2023, Amid Billing Rate and Demand Growth

Citi attributed D.C. firms' demand growth to client demand for partner-level talent, in areas including regulatory, litigation and restructuring.
4 minute read

Texas Lawyer

Texas Law Firms 'Holding Their Own' So Far This Year

While demand through the first nine months of 2023 was flat for the legal industry when compared to the same period last year, homegrown Texas firms posted a 1.1% increase in demand, according to a Wells Fargo Legal Specialty Group survey.
3 minute read

The American Lawyer

How Can Law Firms 'Crack the Nuts on Collections' While Closing Out 2023?

Law firms will try everything in their control, such as setting up so-called milestone payments on next year's work or using discounts to incentivize payment of outstanding bills.
6 minute read

The Legal Intelligencer

Pennsylvania Firms on Track to Hit National Averages in Revenue, See Success in Collections

"Gross revenue was up 4.5%—even though rates did contribute to that, overall demand was worse," Wells Fargo's Owen Burman said of the Q3 results of six Philadelphia-based firms surveyed by the bank. "In order to have revenue be around the same point, they've basically collected better at this point in the year than other firms have."
5 minute read

National Law Journal

'Wait-and-See Mode' for Associate Pay: Law Firms in DC Bide Time

Law firms founded in the D.C. region aren't expected to be "leading the charge" in raising associate pay and matching, but they will be heavily influenced by what their peers in New York do.
4 minute read

The American Lawyer

Wachtell Seeks Balance Between 'Continuity and Change'

The Wall Street firm may keep its same approach in firm operations for as long as possible, whether it's the firm's lockstep compensation system, partnership structure or practice-area focus.
8 minute read

Law.com

Want to Position Your Small Law Firm for a Merger or Acquisition? Run It Like a Business

Do you want to position your small law firm to be a merger or acquisition target? Even if you don't, wouldn't it be nice if suitors came calling,…
7 minute read

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