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Corporate Counsel

Beyond Billing: GCs 'Fed Up' With Broader Law Firm Transparency Issues

"There seems to be an implication that when a GC says 'transparency,' what they want is more detailed hourly notations and time logs," one general counsel said. "That is partially true. I do want that. But what I really want is more transparency on everything."
8 minute read

International Edition

Anglo American GC: 'Maybe Partners Should Make Less Money and Associates Should Make More'

In a wide-ranging interview, the mining giant's company secretary Richard Price expresses concerns about the effects of soaring associate pay and the erosion of the rule of law.
8 minute read

National Law Journal

DC Litigators Outpaced All Other Cities on Billing Rates in 2023

A quarter of respondents to a recent survey billed at least $951 hourly, the highest percentage in that category in any of the 24 cities tracked.
3 minute read

The American Lawyer

What 10 Years of Experience Costs in the Am Law 100 Today

A lawyer admitted in 2014 could cost between $1,695 and $530, depending on which firm you hire.
2 minute read

New York Law Journal

AI: Used To Enhance Video Evidence, Substantiate Hourly Rates for Fee Applications

Recent decisions addressing AI-enhanced evidence and AI-generated results demonstrate that courts want to know what is in the "black box" and, without understanding the "black box," courts are unwilling to accept AI-created results.
6 minute read

The American Lawyer

Billing Rate Hikes 'Not Slowing Down,' With Pricing Surges Expected in 2024

About 86% of large firms in the U.S. and U.K. expect to increase billing rates over the next 12 months, according to new survey results.
6 minute read

Pro Mid Market

More Lawyers Are Giving Up Big Law Pay to Move to Midsize Firms. What's Driving Their Departures?

Midsize firms and boutiques are constantly selling their firms as a perfect landing zone for lawyers looking to leave Big Law because of price inflation and bureaucracy. Some firms have been finding increasing success with the selling points as downstream lateral moves have been on the rise.
5 minute read

International Edition

The UK Top 50 Firms With the Highest Debtor Days

Almost twice as many firms saw their debtor days rise compared with the previous year, research has found, with one accountant saying: 'It is hard to think of another sector that is worse at getting its clients to pay.'
3 minute read

International Edition

Alternative Fee Arrangements Gaining Popularity in Australia Amid Economic Downturn

Australian firms are also cutting costs and increasing their fees.
2 minute read

National Law Journal

The Biden Administration Is Taking Antitrust Seriously. These Law Firms Are Defending Its Biggest Targets

"These are the cases that firms dream about, where they can throw an incredible amount of resources at it, because the stakes are so incredibly high," said law firm recruiter Jeffrey Lowe.
5 minute read

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More from ALM

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