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The American Lawyer

Billing Rates Accelerated Again. Big Law Will Likely Keep Foot on the Pedal

Rate increases, by an average of nearly 8%, have helped the industry see an uptick in revenue between the second and third quarters.
4 minute read

The American Lawyer

Law Firms Offer Income Partners 'Skin in the Game' With Partial Equity Status

"For purposes of accuracy and analysis, it would make things much more clear to the market if there were three tiers: income partner, hybrid and full equity," says one recruiter.
5 minute read

Law.com

For Big Law, 2023 Collections Remain the 'Big If': The Morning Minute

The news and analysis you need to start your day.
4 minute read

The American Lawyer

Where Are the Milbank Pay Matches? Mixed Market Signals Weigh on Law Firms

"It's a bit telling of how the overall market is kind of feeling at the moment. There's going to be a lot of variability in how firms perform this year," noted New York legal recruiter Scott Yaccarino.
6 minute read

The American Lawyer

Big Law Mergers: How to Catch a Falling Knife

History suggests that acquiring a "falling knife firm" can be accretive for the acquiring firm but that it requires something of the order of a 30% reduction in the equity partner ranks at the acquired firm, Hugh Simons writes.
9 minute read

Law.com

Am Law 100 Firm Leaders Weigh In on Milbank Raises: The Morning Minute

The news and analysis you need to start your day.
4 minute read

The American Lawyer

For Big Law Profits This Year, Collections Remain the 'Big If'

"This could be a decent year if firms are able to speed up collections from now through year-end. So, that's the big 'if'," noted Citi's Gretta Rusanow.
5 minute read

The American Lawyer

Deal Watch: IPOs Not Coming Back in 2023

Wilson Sonsini's Michael Nordtvedt noted that boards and management teams are "leaving optionality for IPOs in the second half of 2024."
6 minute read

Legaltech News

For 'Unhappy' Law Firms, There's Little Recourse From Fast Rising Legal Tech Prices

Some worry that, as legal tech becomes more essential and expensive, firms will have to cut other areas, such as personnel. 
5 minute read

The American Lawyer

'Tone Deaf' or 'Sign of Healthy Industry'? Am Law 100 Firm Leaders Weigh In on Milbank Raises

Some leaders in the lower half of the rankings no longer see elite firms' pay raises as a competitive pressure because the market has become so stratified.
8 minute read

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