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Reed Smith CINO Discusses Firm's Generative AI Plans, From New Role to Pilot Projects
Reed Smith's chief innovation officer, David Cunningham, explains why the firm decided to create a director of applied AI role, and how it's looking to build its own large language models and leverage OpenAI's GPT models.
Reed Smith Falls Short of 2021 Revenue by 1.3%, Net Income by 4.5%
"Given the headwinds the industry faced in 2022, I think it was a strong performance because of the downturns on the corporate side of the house," said newly elevated global managing partner Casey Ryan.
Early Reports: 2023 Am Law 200 Financials
A collection of The American Lawyer's reporting on how law firms fared in 2022.
Why the Am Law 100 Is Hiring More Private Investigators
A Q&A with Dan Nardello, CEO of a global investigations firm Nardello & Co., on the business and ethics of working for law firms on highly contentious matters.
Deal Watch: Can Evergreen Practices in Big Law Balance Out the Slump in M&A Work?
"Firms that will manage this better have built what I think of as evergreen practices and counter-cyclical practices," said consultant Kent Zimmermann.
Law Journal Press | Digital Book
New York Attorney Discipline: Practice and Procedure 2024
Authors: Hal R. Lieberman, J. Richard Supple, Jr., Harvey Prager
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Katten Ups Revenue, PEP in 2022 as Deals 'Held Up Pretty Well'
With demand in most practices growing in 2022, Katten Muchin Rosenman brought in 4.3% more revenue in 2022 than the prior year, but also grew its overall head count by 6.2%
Arnold & Porter Sets Record Revenue, But Profits Slipped as Economy Slowed Demand
Revenue at Arnold & Porter Kaye Scholer topped the $1 billion mark for the second year in a row, but challenges such as economic troubles, rising expenses, slow collections and U.S. political dysfunction impacted profits in 2022.
To Improve Law Firm Business Development, Look to the Software World?
"You can either figure out what service you provide right now, and find the ideal customer to buy that service," said Litify President Ari Treuhaft, "Or if there's an ideal customer that you want to service … figure out what they would buy and build that."
No 'Gray Area' In Lawyers' Oversight of Investigators, Commentator Argues
Dan Nardello, CEO of investigations firm Nardello & Co., argues lawyers can't avoid ethical liability for the actions of the investigators they hire.
Attorney Compensation: Flush With Cash or Pulling Back?
Lawyer compensation isn't crashing, but it's coming back to reality.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 Ultimate Guide to Remote Legal Work
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The Future of AI in Law
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