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The American Lawyer

Pointing to 'Wachtell's Greed,' X Corp. Argues Law Firm Can't Force Arbitration in Fee Lawsuit

Wachtell's "unethical" $70 million success fee justifies equitable relief—triggering a carveout in the firm's arbitration clause—X Corp.'s lawyers stated.
3 minute read

Law.com

Old Dog, New Tricks: Time to Retire Associate Lockstep Compensation

This article maps out a system that would enable law firm management to implement a meaningful pay-for-performance system that drives positive associate performance and enhances the firm's culture.
6 minute read

The American Lawyer

Will Innovation Help Law Firms and Clients Control the 'Cost Monster'?

Amid rising billing rates, there's fresh optimism that innovation, not only on pricing plans but because of AI-related spending and projects, can lower costs on both sides.
5 minute read

The American Lawyer

Wachtell Pushes for Arbitration in Twitter Fee Dispute

Wachtell counsel Morrison & Foerster on Friday filed a motion to compel arbitration of a lawsuit brought by Twitter over legal fees.
3 minute read

Law.com

Maryland Appeals Court: Agreement Requiring Lawyer to Split Fee With Former Law Firm Not Unethical

"We disagree that the prenuptial agreement is invalid on its face—i.e., we disagree that the prenuptial agreement is categorically unenforceable under any and all circumstances. We also disagree that the prenuptial agreement is unenforceable under the circumstances presented in this particular case," the appeals court wrote.
6 minute read

The American Lawyer

GCs, Outside Counsel Share Responsibility for Eliminating Artificial Emergencies

Highly paid lawyers know they signed up for responsiveness, but rising rates and modern connectivity are enabling some clients to expect instant responses on nights and weekends.
7 minute read

National Law Journal

Rising Demand, Revenue Give Beltway Law Firms Strong Financial Performance in First Half

Firms in the capital region were aided by their focus on regulatory and enforcement work, rather than transactions, which have sagged nationwide.
4 minute read

Daily Business Review

Florida Law Firm Revenues, Expenses Both Outstrip National Averages

Firms based in the state continue to bring in business at an impressive clip, but their expenses in the first half of 2023 grew more than double the national rate.
3 minute read

The Legal Intelligencer

Philadelphia Firms Saw Hefty Expense Increases Over Past 6 Months

Owen Burman, a senior consultant and managing director with Wells Fargo, indicated that firms based in the city are likely catching up with their peers elsewhere in the country.
4 minute read

The American Lawyer

Big Law Facilitates Unreasonable Client Demands, Clients Say

Lawyers at all levels ranked unreasonable client demands among their top sources of stress and anxiety in a recent survey, but clients say high fees and a lack of pushback further the unhealthy dynamic.
7 minute read

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

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