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'Detached': Why Big Law May Rethink Its Focus on Productivity
Now, there may be even greater emphasis on the profitability of a practice, not just hours.
Impressive Gains at Quinn Emanuel, Hogan Lovells, Milbank Suggest a Healthy 2023 for Am Law 100
"It's interesting to me that those in the top 50 did even better than those in the next 50," said Marci Taylor, a law firm strategy consultant and founder of Mantra Partner, in regard to early reports.
Law Firms Witnessed a 'Return to Profit Growth' in 2023
After profits per equity partner dipped by 5.7% in 2022, they climbed by 6.6% in the last year, according to data from Citi's Global Wealth at Work Law Firm Group.
Kilpatrick, 'Getting Deeper and Broader' With Largest Clients, Sees 13% Profit Growth
The Atlanta firm decreased its equity partner tier by 7.6% to 106 partners, while its nonequity partner ranks expanded by 6% to 146.
Law Journal Press | Digital Book
District of Columbia Legal Malpractice Law 2024
Authors: Shari L. Klevens, Alanna G. Clair
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Kilpatrick's Strategy Seeks to Build on IP Success to Keep Growing Corporate Work
Most of the firm's middle-market private equity clients find the firm's rate structure, including "a fixed-fee basis and lower overall transaction cost, to be a better fit with their cost structure," Kilpatrick Townsends Ben Barkley.
With Scale Top of Mind, More Law Firms Are Willing to Put Merger Option on Table
"People are just more willing to listen about the future and creating connections, than in previous years," noted one Am Law 200 leader.
Kilpatrick Merges With Chicago Law Firm, Significantly Expanding Corporate Practice
HMB's expertise in mergers and acquisitions and private equity "enhances the depth and breadth of Kilpatrick's corporate department," said Henry Walker, CEO of Kilpatrick, ranked No. 90 in the Am Law 100.
Moving to Diversify Practices, Cahill Adds M&A, Corporate Advisory Partners From Stroock
"Ultimately, as part of our strategy moving forward, the firm wants to diversify," said incoming co-chair Herb Washer. "Diversify the client base, the practices, areas of expertise."
Law Firm Leaders May Be Tiring of the Job, But That's Not Why They've Been Leaving
An analysis by former Big Law partner Paul Denis of leadership departures over the past few decades shows recent changes may be based less on satisfaction and more on growing tenure length.TRENDING STORIES
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