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February 23, 2024 | The American Lawyer

'One Firm' or Separate Entities? Vereins' Growth Bumps Into Conflicts, Liability Concerns

A ruling from an Illinois appellate court has put Baker McKenzie's structure under scrutiny, two years after Dentons was saddled with a $32 million malpractice verdict that also implicated the firm's verein status.
8 minute read
February 22, 2024 | The American Lawyer

Asia Legal Briefing: When Will Law Firms Learn? The Top-Down Approach Never Pays, and Always Bites Back

Latham & Watkins' decision to block automatic access for its Hong Kong staff to files and documents outside of Greater China was not necessarily wrong. But the way it implemented the change was tone-deaf. The firm's sin was its failure to communicate, writes Jessica Seah in the Asia Legal Briefing.
6 minute read
February 22, 2024 | The American Lawyer

The Law Firm Disrupted: A Fresh Face at the Top of an Innovation Leader

An Am Law Second Hundred firm that's built a brand around a forward-thinking vision of the practice of law isn't veering from this approach.
4 minute read
February 22, 2024 | The American Lawyer

As Firm Expenses Grew by $15M, Vorys' Revenue Rose but Profits Declined

The firm's expense growth was driven by investments in new ancillary businesses, as well as overhead for new firm offices, lawyer compensation and inflation, said Michael Martz, Vorys managing partner.
3 minute read
February 21, 2024 | The American Lawyer

Thompson Hine Names Former Ohio State Basketball Captain as Next Managing Partner

Anthony White will become one of just a handful of African Americans leading an Am Law 200 firm.
4 minute read
February 20, 2024 | The American Lawyer

Simpson Thacher Hires 5-Lawyer Bank M&A, Regulatory Team From Skadden

Sven Mickisch, who was co-head of the financial institutions group at Skadden, will now serve as managing partner of Simpson's financial institutions practice.
3 minute read
February 20, 2024 | The American Lawyer

Impactful Laterals Abounded in 2021 and 2022. Have They Found Success?

Industry experts and recruiters say there are a multitude of data, many individualized, that factor into the "success" of a lateral. And even defining "success" can be tricky, depending on how firms view their attorneys.
7 minute read
February 15, 2024 | The American Lawyer

Which M&A Attorneys Drove the Most Business as Deal Leads?

The annual Mergerlinks rankings highlight the top dealmakers in Big Law.
4 minute read
February 13, 2024 | The American Lawyer

Benefiting From Energy Work and Strategic Hiring, Vinson & Elkins Breaks Above $1B Revenue Barrier in Record Year

Despite growth in its lawyer head count and equity partner ranks, Houston-based Vinson & Elkins also improved its revenue per lawyer by 2.7% and its profits per equity partner by 3.6%.
6 minute read
February 13, 2024 | The American Lawyer

Jenner, Looking at 'Stretch' Goals, Reached Double-Digit Revenue and Profit Growth

Jenner surpassed even its own revenue target in 2023, while the firm increased PEP by nearly 18% amid a 4% contraction in its equity tier.
5 minute read

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