Magic Circle firms have been reporting their annual financials, and Freshfields stands out as having had a particularly challenging year.
Cravath, Swaine & Moore has joined the law firms turning to AI by signing a deal with British software company Luminance.
The Wall Street firm has joined the growing ranks of elite law firms turning to artificial intelligence in an attempt to cut costs and improve efficiency by signing a deal with British software company Luminance, which is part-owned by Magic Circle firm Slaughter and May.
The two firms have grabbed lead roles on a sovereign bond issue by the Federal Republic of Nigeria that may pave the way for similar offerings by other African nations.
International sanctions and a drop in global energy prices have hit the Russian economy hard, resulting in wild swings in the value of the ruble.
The firm, which has five offices in Europe, has continued to steadily build up its presence there.
Less than a month after launching in the EU capital, the firm has expanded with the hire of the EU's former deputy director-general for competition.
Should law firms refuse to hand over time-entry data to clients when working on a fixed fee?
ALM Media announces the winners of the 2017 Transatlantic Legal Awards, which recognize law firms for excellence in handling trans-Atlantic matters.
The elite U.K. firms have been tweaking their lockstep compensation models for years. But changing things too much may prove counterproductive.