NEXT
Sign in to follow

Law.com

Wilmer Joins Kirkland, Sidley in Racking Up 8-Figure Fees From a Single Client

SEC disclosure rules forced Meta to throw the spotlight on what it paid Wilmer. The same rules led Blackstone to reveal what it paid Kirkland, and TDS to disclose what it paid Sidley.
4 minute read

The American Lawyer

Lewis Brisbois Attempts Revamp After Mass Defections, Email Scandal

The firm has shaken up its C-suite, revamped its staffing ratio, and installed new management software. It succeeded in luring back one client that had publicly severed the relationship after the release of emails containing derogatory language from former employment practice leaders.
7 minute read

The American Lawyer

Latham & Watkins Grows Bonus Pool With 15% of Profits, as Firms Seek Flexibility to Reward Top Earners

While Latham has been gradually expanding its bonus pool, other firms have reallocated the value of share points to reach similar ends.
5 minute read

The Recorder

Lewis Brisbois Sued by Chinese Investors Over $92.5M Investment Loss

A group of 185 Chinese limited partners who put money into a $2.5 billion redevelopment project in Century City, Los Angeles, say the firm's "failure to exercise a modicum of diligence" helped cost them their entire stake.
4 minute read

The American Lawyer

Bonuses With Strings Attached Play Role in Partner Retention

Firms like Kirkland & Ellis and DLA Piper have used forgivable loans to bat away offers from rivals and Shearman & Sterling has used them to incentivize partners at the firm to stick around for the merger with Allen & Overy.
5 minute read

The American Lawyer

Gibson Dunn Breaks $3B Revenue Mark With Litigation, Transactions Firing on All Cylinders

Gross revenue was up 12.3% while profits per equity partner rose 13.4% during the firm's 28th consecutive year of revenue growth.
6 minute read

Daily Report Online

A 'Shocking Opinion'?: 'Duty to Defend' Under Fire in Ga. Court of Appeals Opinion

"There isn't a businessperson in the state that's not going to not lose the duty to defend because within [the new criteria," the defendant-appellee attorney said. "They can either have the financial wherewithal or can borrow it. ... It reaches so much further than it needed to go."
4 minute read

The Legal Intelligencer

Philadelphia Plaintiffs Attorneys Trade Suits Following Split

Thomas Duffy accused his former law partner Ken Fulginiti of withholding settlement fees on Wednesday, just a week after Fulginiti filed his own lawsuit—withdrawn a day later—accusing Duffy of defrauding him of millions.
4 minute read

Daily Business Review

Law Firms Have Been Giving Clients Discounts, But Those Reduced Rates Might Be Swelling Faster Than Standard Rates

Because of the large gap between standard and agreed rates, some firms have been able to raise rates for clients quietly. Now, there's seemingly pushback.
5 minute read

The Legal Intelligencer

Cozen O'Connor Sees Modest Growth in 2023, Owing to Diversified Revenue Stream

The firm's revenues climbed by 5.5% to hit $653 million. "We're not looking for a business that's up 20% in the good years and down 8% in the bad years," explained firm chairman Michael Heller.
6 minute read

More from ALM

More from ALM

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

Resources

  • Strong & Hanni Solves Storage Woes--Learn How You Can, Too

    Brought to you by Filevine

    Download Now

  • Meeting the Requirements of California's SB 553: Workplace Violence Prevention

    Brought to you by NAVEX Global

    Download Now

  • The Benefits of Outsourcing Beneficial Ownership Information Filing

    Brought to you by Wolters Kluwer

    Download Now

  • The Top 10 AI Use Cases in Private Equity

    Brought to you by Ontra

    Download Now