NEXT
Sign in to follow

The American Lawyer

Senior Partners Approach $3,000 an Hour, As More Billing Rate Hikes Expected in 2025

About 16 Am Law 50 firms have third-year associates with rates over $1,000, but Valeo Partners project around half of the Am Law 50 to have rates of over $1,000 for this group of lawyers by 2025.
5 minute read

International Edition

Jones Day Billing Under the Spotlight in Court

The firm is demanding hundreds of thousands of pounds in legal fees as part of a U.K. High Court dispute with Arcadia Energy, which the oil giant is contesting.
2 minute read

Law.com

Beasley Allen Sues Co-Counsel Allen Smith for Supporting J&J's Talc Settlement

Beasley Allen claims Allen Smith owes $1.16 million in talc expenses. 'To allege that I have not performed my share of the work, and not paid my share of the expenses is laughable,' Smith told Law.com. "Looks like the pot is calling the kettle black."
6 minute read

Pro Mid Market

Facing Increasing Overhead, Midsize Firms Embrace Rate Hikes, Expense Management

"Our size constrains how comfortable we are raising our rates. I don't want to raise rates more than 4 or 5%, because our clients come to us because we offer something different than those big firms," said Obermayer Rebmann Maxwell & Hippel chairman David Nasatir.
6 minute read

The Legal Intelligencer

Facing Demand Surge, Weber Gallagher Adds 7 Transportation Attorneys in Harrisburg

The team arriving from Rawle & Henderson opens up the firm's abilities to service clients in Maryland, where it aims to launch a new office later in the year, as well as Rhode Island and Massachusetts.
5 minute read

The Recorder

Plaintiffs Attorneys, Automaker Cut Deal to Amend California's Lemon Law

Under terms of the negotiated agreement, automakers and their allies will drop a threatened initiative to cap attorneys' contingency fees.
3 minute read

Law.com

The Double-Edged Sword of Discounting Corporate Legal Fees: Weighing Profitability Against Client Retention

This article delves into the multifaceted implications of discounting corporate legal fees, exploring both the potential benefits and the risks associated with this strategy.
13 minute read

The American Lawyer

Law Firms Look 'Stronger Than Ever,' Even Compared With Transactional Boom

Am Law 100 firms continue to see most of their growth in transactional work, while Second Hundred firms have found a "goldilocks" zone in both countercyclical and corporate work, according to a new Q2 report.
5 minute read

National Law Journal

From Big Law to Boutiques, Law Firms Are Raking in Fees From Presidential Campaigns

Covington & Burling and Dhillon Law Group are the top-paid legal counsel to the Democratic and Republican presidential campaigns, respectively, so far this year.
5 minute read

The American Lawyer

'Risk in AI': Law Firm Billing Will Need to Adapt

A new ABA ethics opinion touches on the ethics of billing for AI-supported work. The technology may force law firms to rely less on hourly billing.
6 minute read

TRENDING STORIES

Law Pro Logo

Featured Firms

Law Offices of Gary Martin Hays & Associates, P.C.

(470) 294-1674

Law Offices of Mark E. Salomone

(857) 444-6468

Smith & Hassler

(713) 739-1250

More from ALM

More from ALM

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

Resources

  • 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

  • White Collar Investigation Practice: Global Expertise in Complex Investigations

    Brought to you by HaystackID

    Download Now

  • Criminal Division's Evaluation of Corporate Compliance Programs: September 2024 Updates Review

    Brought to you by NAVEX Global

    Download Now