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The American Lawyer

Partners Confront 'Deeply Uncomfortable' Client Communications on Soaring Billing Rates

Law firms are increasingly relying on engagement letters or online e-billing platforms to alert clients of rate increases, even though less personalized communication can frustrate clients, sources say.
6 minute read

The American Lawyer

The AI Pricing Dilemma: Where Client Value and Firm Profitability Intersect

When you replace your engine (junior lawyers billing hours) with an electric motor (gen AI), your service department isn't making money like it used to.
11 minute read

The American Lawyer

'We Need to Do a Much Better Job': Lewis Brisbois Held Onto Millions in Old Client Funds, Internal Memo Says

The details in an April 2023 memo to the firm's management committee echoed allegations from a recent lawsuit and a 2019 letter to California state labor authorities.
7 minute read

Legaltech News

Smokeball Launches Free Product Partnership With Texas State Bar

Through an exclusive partnership, the Texas State Bar will become the first in the country to receive free access to Smokeball's trust accounting software for all its members.
3 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

The American Lawyer

Billing Rate Growth and Litigation Demand Drive Big Law Gains in Q1

Worked billing rates were up 6.4% in Q1, the highest quarter-over-quarter increase since at least the Great Recession, noted Thomson Reuters' Bill Josten.
4 minute read

The American Lawyer

Big Law's Big Realization?

Am Law 100 firms last year saw their lowest realization rates in five years: 80.93%, down from 82.2% in 2022 and 83.11% in 2021.
9 minute read

Daily Report Online

Ga. Fed Judge Awards $165K Attorney Fees for Win in Employment Discrimination Case

"The court's award reflects our documentation concerning Ms. Marshall's lost wages going forward as well as our documentation of our time and expenses in prosecuting the case. Our fee petition was for a modest amount because of the efficiencies our firm brought to the case," Buckley told Law.com.
3 minute read

Daily Business Review

Akerman Sues Former Client for Almost $3 Million in Unpaid Fees

Partner Bradley Henry decamped for Blank Rome last month. Now his old firm is going after his client for money racked up in a representation that culminated in a four-week jury trial.
2 minute read

The Legal Intelligencer

'Seriously Inflated' Duane Morris Bill Highlights Risk When Big Law and Public Clients Lack Alignment

"With public sector clients, you're frequently dealing with people who aren't lawyers," said Mantra Partner founder and CEO Marci Taylor. "You're writing knowing that there's a high likelihood that your invoices will be made public."
7 minute read

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