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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

The Legal Intelligencer

Holland & Knight Charged Ex-Republic Bank CEO Nearly $7M for 'Ineffective' Services, Suit Alleges

Vernon Hill, founder of Commerce Bank in the U.S. and Metro Bank in the U.K., accused the firm of "top-heavy staffing, duplicative billing and excessive billing."
3 minute read

International Edition

'It Just Isn't Worth My Time' Say Slaughter and May Associates of Pro Bono

The associates say they work long hours just to do their regular work and that there's no time for hours on pro bono.
3 minute read

The American Lawyer

Big Law's Flood Into Boomtown Nashville Tests Client Loyalties

"Some clients are super loyal to their firms that they work with, sometimes blindingly so," said Joan MacLeod Heminway, a University of Tennessee law professor.
9 minute read

Litigation Daily

Will the Economic Crunch Give Alternative Fee Arrangements a Needed Nudge?

Maybe, just maybe, this interest rate-driven crunch will be the nudge that finally gives clients and firms the incentive to increase the adoption of alternative fee arrangements.
4 minute read

The American Lawyer

Big Law Firms Offering 'Mixed Bag' of Rate, Compensation Structures in Emerging Markets

"Our real value proposition is we provide coastal expertise at Midwestern rates," said one law firm leader. "You get a lot of bang for your buck."
6 minute read

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

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