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The American Lawyer

Where Are Big Law Billing Rates Growing the Fastest?

Some lawyers have seen a rate increase above 20%. Overall, lawyers in financial services and health care, and in markets such as Dallas and Houston, all saw notable rate hikes.
4 minute read

Law.com

Massachusetts High Court Amends Rules Regarding Disposition of Unclaimed IOLTA Funds

The amendments were adopted in response to the court's decision in the Matter of Olchowski (2020), which posed the question concerning the proper disposition of unidentified client funds on deposit in an Interest on Lawyers' Trust Account.
2 minute read

Law.com

Lack of Confidence in Fees and 'Subtle Psychology' May Hinder Profit: The Morning Minute

The news and analysis you need to start your day.
4 minute read

The American Lawyer

Even As Billing Rates Increase, Lack of Confidence in Fees and 'Subtle Psychology' May Lead to Less Profit

The majority of law firms believe write-offs will increase over the next year, even after many firms made these billing adjustments in 2023, according to new results of a survey of firm leaders.
5 minute read

Pro Mid Market

Utah's Maschoff Brennan Goes Bicoastal in Merger With Another IP Boutique

Newly formed Maschoff Brennan Gilmore Israelsen & Mauriel will have offices in California, New York and Utah. "We are certainly not resting on our laurels," said one leader in an interview. "We're interested in ... expanding our geographic base into markets that seem to make sense."
3 minute read

The American Lawyer

Top Big Law Partners Are Earning More Than $2,400 Per Hour, as Rates Continue to Climb

Dechert has hiked its rates for a top partner by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.
3 minute read

Litigation Daily

Factoring Risk Into Fixed-Fee Arrangements

We pick up on our conversation with J.Y. Miller and Joe Kilpatrick of Husch Blackwell about their fixed-fee approach as national coordinating counsel in mass torts cases to ask how they handle instances where there's not much of a track record, or where trial is a possibility.
9 minute read

Litigation Daily

The Legwork Behind Building a Nationwide Fixed-Fee Practice

J.Y. Miller and Joe Kilpatrick of Husch Blackwell discuss how certain moves by the firm—including moving away from billable hours-based bonuses—opened the door to more innovative pricing models.
7 minute read

Law.com

Michigan Court Seeks Comments on Proposed Amendment for Remaining Funds in IOLTA Account When Taking the Bench

Those who wish to comment on the proposal may do so on the court's website.
2 minute read

International Edition

A&O and Shearman Offer Partners Financial Incentive to Stay with Combined Firm

The merger of the two firms is due to formally take effect in May 2024, with 99% of partners at both firms approving the plans in October.
2 minute read

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More from ALM

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