NEXT
Sign in to follow

International Edition

Is Toronto the Next Hot Spot for US Firm Expansion?

Canada's largest city has a lot to offer and firms like Mintz and Cozen O'Connor have already started the trend to move north of the border.
6 minute read

International Edition

In Canada, the Glory Days of Associate Signing and Retention Bonuses Are Over

As U.S. firms shed lawyers, Canadian firms are holding steady and being more strategic in their hiring, says a new salary report.
3 minute read

Daily Business Review

Florida Federal Judge Slashes $1.8M Ask in Attorney Fees by Over 50%

"A client can decide to pay for a Ferrari in order to get from Point A to Point B, but the losing party only has to pay for a Ford," said Edward Mullins, a partner at Reed Smith not involved in the matter, in characterizing the federal judge's reasoning on the attorney fees ruling.
4 minute read

The American Lawyer

As Layoffs Loom, How Much Control Do Associates Have Over Low Billable Hours?

As law firms wait and see whether the economy picks up in the third quarter, associates at risk of layoffs are feeling the other side of the billable hour's wrath.
6 minute read

The Recorder

Law Firms Divided on Rate Increases as Economic Uncertainty Lingers

Firms are taking varied approaches to billing rate increases, weighing client incentives and the cost of inflation.
5 minute read

The American Lawyer

In Battle for Billable Hours, Not Coming in Will Cost Some Associates Their Jobs

"Frankly, I do not give assignments to associates and junior partners who are not in the office at least 3 days a week," wrote one Am Law 100 practice leader.
6 minute read

New Jersey Law Journal

Retainer Agreements Not Required to Explicitly State Billing Increment, Says NJ Appellate Division

"Based upon our review of the relevant rules, commentary thereto, and case law, there is no rule as rigorous as the one defendants urge us to adopt; there is no specific pronouncement requiring a retainer agreement to explicitly set forth the unit of incremental billing to be used," Judge Maritza Berdote Byrne said. "Defendants urge us to require retainer agreements include disclosure of incremental billing units, although unsupported in our current jurisprudence."
3 minute read

The American Lawyer

Where Are Partner Billing Rates Surging the Most in Big Law?

The median hourly rate for partners in M&A shot up the highest, while partners in Chicago, D.C. and LA saw some of the largest increases.
4 minute read

The American Lawyer

Are Second Hundred Firms the New 100?

Am Law 100 partners are defecting to Second Hundred firms for better business development opportunities, and their clients are on board.
10 minute read

Corporate Counsel

Law Firm Partner Hourly Rates Rose Last Year at Biggest Clip in at Least a Decade

"Touching partner compensation is the third rail of law firm politics. You don't touch it. It can cause a lot of consequences you're not ready for," said Ken Callander, principal at Value Strategies.
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

  • Leveraging Technology to Improve Employee Engagement and Client Satisfaction

    Brought to you by CARET Legal

    Download Now

  • How to Choose Your Legal Operations Software: Key Considerations and Expert Tips

    Brought to you by DiliTrust

    Download Now

  • Yearly Roundup: Strategic Insights for Law Firm Decision Making

    Brought to you by CARET Legal

    Download Now

  • Lex Machina Contracts: Commercial Litigation Report 2024

    Brought to you by LexisNexis®

    Download Now