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New York Law Journal

Decision of the Day: Contingency Fee to Counsel Result of Successful Advocacy, Not Windfall

This ruling was selected and summarized by the New York Law Journal's decision editors.
2 minute read

International Edition

Kirkland, Freshfields Earn 8-Figure Windfall for Leading £5.4B Hargreaves Lansdown Takeover

The legal spend is among the highest seen in London for a single transaction, according to rival partners.
3 minute read

International Edition

The Price of Time: Should Law Firms Sell Minutes or Value?

As the legal industry grapples with the rise of AI, the once-immutable billable hour faces unprecedented scrutiny.
4 minute read

Corporate Counsel

'Utterly Bewildering': GCs Struggle to Grasp Scattershot Nature of Law Firm Rate Hikes

"It's a complicated, highly fragmented industry with tens of thousands of people making different decisions every day," said Jason Winmill, legal department consultant.
5 minute read

New York Law Journal

The Newest Law Firm Partner: Private Equity

Howard Rosenberg, partner and head of talent intelligence & acquisitions at Baretz+Brunelle, explores whether "talent finance" is the new litigation finance, where outside funding could come into a law firm by way of the talent pipeline as opposed to litigation.
9 minute read

The Legal Intelligencer

Phila., Del. Firms Handling UArts' Ch. 7 Petition Fall Far Below Top Bankruptcy Rates

Fox Rothchild's Michael Menkowitz, formerly the firm's financial restructuring and bankruptcy chair, has the highest rate among all the attorneys listed on the matter, bringing in $1,160 per hour.
3 minute read

Law.com

NC Attorney Earns Nearly $570K for $3.5M Reverse Discrimination Verdict, Appeal Against Health Care Employer

"Time entries for the unsuccessful issue of punitive damages has been deducted above. Otherwise, plaintiff achieved substantial success—both at trial and on appeal—and further reduction is unwarranted here," U.S. Magistrate Judge Susan C. Rodriguez wrote, awarding plaintiff's counsel more than $550,000 for representation in a reverse discrimination suit.
4 minute read

Law.com

Top 5 Strategies for Managing the End-of-Year Collections Frenzy

End of year collections are crucial for law firms because they allow them to maximize their revenue for the year, impacting profitability, partner distributions and bonus calculations by ensuring outstanding invoices are paid before the year closes, which is especially important for meeting financial targets and managing cash flow throughout the firm.
6 minute read

International Edition

Are Law Firms Themselves to Blame When a Client Refuses to Pay?

With law firms facing longer debtor days and having to take clients to court over unpaid bills, in-house counsel and partners explain what firms can do to address what many call a system in dire need of an overhaul.
6 minute read

Corporate Counsel

Am Law 50's Runaway Rates Put Onus on Legal Departments to Stiffen Resistance

"It is all too easy for in-house teams to continue instructing work to the same firms they have always used, without considering the savings that can be gained from a more structured approach to resourcing," the-e-billing platform Brightflag said in a new report.
4 minute read

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