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Law.com

Judge Rejects Quinn Emanuel's $1,700 Hourly Rate Request, Slashing Fees for Virginia Settlement by Nearly 80%

Some of the rates requested by Quinn Emanuel—$1,690 per hour for a lead partner or $1,385 per hour for associates—were unrealistic for the Richmond, Virginia, market in the present case, the court found.
5 minute read

The American Lawyer

Billing Rates Accelerated Again. Big Law Will Likely Keep Foot on the Pedal

Rate increases, by an average of nearly 8%, have helped the industry see an uptick in revenue between the second and third quarters.
4 minute read

The Legal Intelligencer

Kline & Specter, Bosworth Battle Over Millions in Attorney Fees Amid Ongoing Feud

With the allocation of funds in dispute, judges have put the payment of attorney fees on hold in at least two cases Bosworth brought over from Kline & Specter.
4 minute read

The American Lawyer

How Will AI Disrupt Legal Billing? Early Innovations Offer Some Clues

AI isn't the first technology to disrupt the legal industry, but it's driving a faster pace of change and altering the law firm-legal department relationship, legal analysts report.
5 minute read

Corporate Counsel

By-the-Hour Billing Torments Legal Departments. So Why Aren't More Demanding Alternatives?

"Billable hours is all they know," consultant Ken Callander said of many in-house attorneys. "To move toward something other than that, it's really foreign to them."
5 minute read

New Jersey Law Journal

'Lawyer Took Thousands From Me': Attorney Accused of Fraud

"I was not in a good place," said a client, who is also a lawyer. "They went through a whole iteration of their knowledge of the [Internal Revenue Code], and ... they seemed knowledgeable."
5 minute read

Texas Lawyer

$4.7M in Attorney Fees: McKool Smith Notches Victory in Dallas Trial

"What complicated the case for us is normally when you're asking for attorneys fees, the jury has seen the underlying case. The fruits of that work play out in the courtroom," lead plaintiffs attorney Alan Loewinsohn said.
4 minute read

Daily Business Review

A Father and Daughter Merged Their Boutiques Together After Leaving Big Law, Offering Flexible Fee Structure

"The attorneys who are going to join us are the attorneys who want to bet on themselves. They know what they are worth, and they want to be able to have agency over their time and over the type of work that they deliver to their clients," said Concepción Global partner Christine Concepción.
3 minute read

Pro Mid Market

Big Law Attorneys Are Hitting the Lateral Market. Should Midsize Firms Hire Them?

It's a buyer's market for midsize firms across the country as Big Law associates struggle to hit hours and partners get priced out of their own practices.
8 minute read

National Law Journal

Partner Pay Climbs in DC, as NY Firms and Lateral Market Drive Up Comp Packages

The top end of partner compensation in the Capital region now reaches between $15 million to $20 million.
4 minute read

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