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Daily Business Review

Judge Awards Florida Litigators $2.4M in Attorney Fees

Class counsel moved for nearly $4.4 million in attorney fees, but U.S. District Judge Paul Byron ultimately awarded $2.4 million.
4 minute read

New Jersey Law Journal

'Harass Our Law Firm': Judge Finds Contingency Fees Were Not Excessive

The attorneys are former law partners, but one now describes a "longstanding vendetta" among the ex-colleagues.
6 minute read

Daily Report Online

Billing Rate Increases Boost Atlanta and Southeast Law Firms' Financial Growth

Big Law firm leaders in Southeast report raising rates as high as 7% in 2023 in response to higher costs for everything from salaries to rent.
6 minute read

The Legal Intelligencer

A Tight Economy Increased Costs and Hindered Productivity for Pennsylvania's Am Law 100

An analysis by The Legal looked at Am Law 100 revenue and net income figures and determined that eight of Pennsylvania's firms saw their total costs outpace revenue growth by anywhere between 0.5% and 4.6%
5 minute read

The American Lawyer

Largest Firms Continue Growing Market Share, as Hourly Rates Break Records

Risk-averse corporate legal departments view the potential hazards of switching from a trusted outside counsel as too great, according to Kris Satkunas, director of strategic consulting at CounselLink.
8 minute read

Connecticut Law Tribune

This Law Firm Is Seeking $4.3 Million in Legal Fees, Interest

The statutory prejudgment interest on the allegedly unpaid invoices is around $1.6 million with an interest rate of 12%, leading to a balance of nearly $4.3 million, as of April 15, the complaint said.
2 minute read

The American Lawyer

The 2024 Am Law 100: Ranked by Gross Revenue

Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.
2 minute read

International Edition

Rimon Lures Restructuring Veteran from Gibson Dunn with Innovative Fee Structure, Plants Flag in Singapore

Troy Doyle is moving over, citing client demands for true flexible fee structures and experienced partner involvement on restructuring matters.
3 minute read

Pro Mid Market

Midsize Firms Poised to Gain Market Share as Big Law Sheds Rate-Sensitive Practices

Another year of strong rate increases for Big Law means continued pressure on practices that can't sustain firmwide increases—and opportunities for midsize firms with greater flexibility.
5 minute read

Corporate Counsel

The AI Revolution Is Here. Who Will Be the Winners and Losers in Legal Services?

"If they figure out how to incorporate this technology into their comp model, then they'll be the winners," said Stephanie Corey, co-founder of the legal ops consulting firm UpLevel Ops, on the rise of AI and how it will disrupt the way law firms do business.
10 minute read

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