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Corporate Counsel

Overcome Data Debt to Finally Leverage AFAs in 2023

Once the law department has reversed its data paralysis and eliminated its data debt, it can begin to work collaboratively with law firms to find mutually beneficial AFAs by sharing data, enhancing matter-level scoping, and disaggregating work.
6 minute read

Corporate Counsel

Enough is Enough: 5 Reasons Why 2023 Will Be Legal's Tipping Point

We're entering the 'shame on me stage,' or as I prefer to call it, the 'enough is enough' era. For years, in-house legal leaders have begrudgingly stomached increasing law firm billing rates, even as they have watched their own budgets ebb and flow according to marketplace volatility (with more ebbing than flowing).
7 minute read

The Legal Intelligencer

DC Attorney Disbarred in Pa. for Scheme to Pay Himself $100K More Than Client

Last week, the Supreme Court of Pennsylvania adopted the D.C. Court of Appeals' recommended disbarment after Kennedy failed to respond to its order to show cause against the imposition of reciprocal discipline, according to the order.
5 minute read

The American Lawyer

As Currencies Fluctuate, Law Firms Adjust Lawyer Pay and Billing Across the Globe

Firms are taking steps to minimize the impact exchange rates could have on partner compensation, associate salaries and other expenses.
6 minute read

New York Law Journal

NY AG's Office Details Events Leading to Chief of Staff's Resignation

The office retained the firm Littler Mendelson to conduct a privileged review of the allegations, at an agreed-upon hourly partner rate of $855, and an associate rate of $477.
4 minute read

Connecticut Law Tribune

Judge: Prelitigation 'Business-Related' Work Was Not Unauthorized Practice of Law

"Defendants have not established that Mr. Kaufman's conduct qualified as the unauthorized practice of law. Some of Defendants' evidence shows that Mr. Kaufman corresponded repeatedly about the potential FHR deal with an attorney for the bank. ... But these documents merely show that Mr. Kaufman was acting as Mr. Feinberg's representative or intermediary in a business deal," Judge Victor A. Bolden wrote in his ruling.
6 minute read

The American Lawyer

Raising Billing Rates in 2023 Becomes a 'Singular Focus' for Law Firms

"We're seeing higher planned rate increases at this point than we've ever seen, and we've been tracking this for 15 years," said a Wells Fargo analyst.
4 minute read

Daily Business Review

Booming Florida Economy Helps Firms Outpace National Trends

While revenue for law firms throughout the U.S. went up by 4.6% in the first three quarters of 2022, Florida firms saw a 10.7% increase, according to Wells Fargo data.
3 minute read

Daily Report Online

With Midmarket Billing Rates, Law Firm Lorium Expands Into Georgia

The law firm's Georgia practice will focus on litigation and restructuring, with billing rates topping around $550 an hour.
3 minute read

International Edition

UK High Court Judge Criticises Baker McKenzie's Fees, Calls For Slashed Budget

The judge stated that the total bill estimation "is disproportionate".
2 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.

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