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Pro Mid Market

In Softening Mid-Market Practices, Rising AFA Demand Prompts Questions About Commoditization

Midsize firm leaders expected a rise in flat-fee requests from clients under pressure to control costs, but getting too many requests in a specific area could signal pricing pressures on firms themselves on the horizon.
4 minute read

Pro Mid Market

In the Flight to Cost-Effectiveness, Midsize Firms Are Positioned to Pick Up Market Share

Prospective clients are searching for more reasonable rates, more efficient staffing, more discerning billing practices, and more creative fee arrangements.
6 minute read

The American Lawyer

From Running Operations to Strategizing, Law Firm Business Chiefs See Swelling Responsibilities

An updated survey finds that principal administrators in firms of all sizes are pushing for the COO title, which correlates to higher compensation.
5 minute read

The American Lawyer

Two-Thirds of Nation's Biggest Firms Are Mansfield 5.0-Certified

A total of 165 law firms achieved the latest Mansfield certification as Diversity Lab urged firms to double down on diversity, equity and inclusion efforts in the face of a potential recession.
3 minute read

The American Lawyer

Shearman & Sterling Unveils Legal Operations Consulting Unit

It's the rare high-end law firm to venture beyond conventional legal services.
3 minute read

Law.com

The Performance Review Season Talent May Dread

Law firms, recently hungry for as many lawyers as they could find, are now looking to trim ranks. But rather than using layoffs, law firms are managing people out through the review process.
6 minute read

The American Lawyer

King & Spalding Doubles Down on Litigation, Aiming for the Stratosphere

Recent hires such as Randy Mastro and Mark Kirsch in New York are part of a larger plan to elevate the firm's presence in New York, "the most important and competitive legal market in the world," according to it chairman.
8 minute read

The Legal Intelligencer

Troutman IP Partner Heads to Saxton & Stump to Relieve Clients of Escalating Rates

"Big Law has become like big corporations," said Kelly Tillery, who joined predecessor firm Pepper Hamilton in 2005.
4 minute read

Law.com

The Law Firm Disrupted: Time To Let Outsiders Run The Show?

Law firms have resisted turning over management to business leaders without legal backgrounds. But there's a logic to hiring someone with real business acumen when an operation is pushing the $1 billion mark.
5 minute read

The American Lawyer

Law Firm Staff Are Flouting Office Returns—And Will Leave for More Remote Work

If law firms fail to improve the hybrid working model, many staff will actively look for a more flexible working environment, warns a new report.
5 minute read

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More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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