The Am Law 200 reversed course in 2016, posting gains in gross revenue after experiencing a decline in 2015. But that average gain of 1.2 percent, coupled with similar increases in revenue per lawyer and profits per equity partner, masked some weakness in many firms’ results. As our overview story shows, a “hollow middle” is emerging.
Midrange firms face a growing dilemma: If your firm isn't either top-tier or super cheap, how will you attract clients?
ALM Intelligence senior analyst Nicholas Bruch breaks down the Am Law 200 results.
After two surprise moves left Jenner & Block's appellate practice without an obvious leader, the firm has turned to Matthew Hellman and Jessica Ring Amunson in D.C. and Chicago partner Michael Brody as a co-chair trifecta.
A few weeks ago I wrote that I doubted cloud-based operations are competing against Big Law for major rainmakers and clients. One virtual firm took issue with my views.
Just like the Fox News Network LLC, some law firms would be equally reluctant to get rid of a top rainmaker who behaved badly.
Does the dearth of women at the top stem from fear of rejection? Not exactly. After a botched interview or a unflattering review, they're less likely to try again.
Facing intense competition from global firms, independent firms have to be smart and disciplined.
As the country wrestles with solutions for affordable health care, law firms are well poised to make money from work involving the health insurance industry.