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Big Firms Bulk Up Teams to Evaluate Profitability
Particularly high-performing firms are now employing a handful of analysts to help them paint more granular pictures of revenue and expenses.
Rate Pressure and Rising Expenses Are Expected to Challenge Firms in 2021
It's dubious firms can boost rates at the same level they did last year—about 5%, said James Jones, a senior fellow at the Georgetown Law Center on Ethics and the Legal Profession.
After Down 2020, Analysts See 'Full-Bore' Appetite for Big Law Mergers in '21
Law firm consultants point to increased interest for large firm mergers and continued interest in expansion in the South.
Midwest Merger Push Continues in 2021 as Dinsmore Announces Acquisition
The Dinsmore and Dentons deals add to a growing list of firms that have put down roots or expanded in the Midwest over the last year or so.
Hire Up: Federal Environment & Energy Vets Find New Homes
Both Venable and Holland & Knight added former aides to lawmakers in the House and Senate with energy committee experience, while Hunton Andrews Kurth hired the Environmental Protection Agency's most recent general counsel.
Chicago Lawyers Not Sprinting Back Into the Office as Illinois Reopens Further
The benefits of working remotely are outweighing the risks the pandemic is presenting, according to several Chicago-based partners.
Law Firms Voice Support for Change—and Pledge to Donate and Take Action
In the days after George Floyd's death, some firms have pledged donations to racial justice groups or have committed to take up other actions. We have compiled excerpts of statements here.
The Money Rolled Right in for Am Law 200 Firms in the Midwest
With a global pandemic far from anyone's mind, law firms based outside Chicago saw a boom in mergers last year and grew their revenues faster than those inside the region's biggest commercial and financial hub.
Focusing on Pricing, Project Management, McCarter Steps Back in Census and Revenue
Years into what leaders call a process to emphasize the business aspects of operating a law firm, McCarter & English posted year-over-year declines in gross revenue and attorney head count, while improving in revenue per lawyer and profitability metrics.
Law Firms' Unpaid Bills Are Piling Up. No Reason to Worry—Yet
Firms are sitting on a bigger pile of unpaid bills this year, due to more work and slower payments from clients.TRENDING STORIES
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Revenue, Profit, Cash: Managing Law Firms for Success
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Law Firm Operational Considerations for the Corporate Transparency Act
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The Future of AI in Law
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