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Legaltech News

Gen AI Could Force Lawyers, Clients to Talk Differently About Billable Hour, Legal Pricing

Lawyers have historically stayed mum about the value of their work and the resources needed to perform it. But if they want to move away from the billable hour, that's going to have to change.
6 minute read

Daily Business Review

A Real Estate Slowdown Depressed the Growth of Florida Law Firm Revenue, But an M&A Pickup Might Push It Up

"It was a more average type performance for the Florida-based firms this past year. They came off a really strong 2022, where they outperformed quite dramatically," Owen Burman, a Wells Fargo senior consultant, said.
3 minute read

The Legal Intelligencer

Aggressive Rate Hikes, Strong 4th Quarter Collections Drive 2023 Revenue Growth for Phila. Firms

The six Philadelphia-based firms surveyed by Wells Fargo together increased revenues by 4.7%, compared to a nationwide average of 6.0%.
4 minute read

The Legal Intelligencer

Eckert Seamans Brings On First COO in 10 Years

Eddie Raychaudhuri arrives from DLA Piper, where he served as a practice group director.
4 minute read

Law.com

Where Are Big Law Billing Rates Growing the Fastest?: The Morning Minute

The news and analysis you need to start your day.
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

As Billing Rates Soar, Law Firm Clients Move Work: The Morning Minute

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

Legaltech News

How Rising Legal Tech Prices Impacted the Market in 2023

Whether it be e-discovery, legal research or software maintenance costs, this year saw an increase in prices almost across the board in the legal technology industry.
1 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

Law.com

Does McDermott IP Trio's Split Portend More Rate-Induced Departures?: The Morning Minute

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

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