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Partner Pay Spread Condensed Across Big Law, as Head Count Rose and Profits Shrunk
Still, several Am Law 50 firms widened their spread of equity partner pay, including DLA Piper, Goodwin and McDermott.
In Chicago, Larger Law Firms Were Up and Smaller Firms Slowed Down
Second Hundred firms from the Windy City tended to see slower growth than the rest of the industry.
The Am Law 100 Shared More of the Wealth in 2022, but It Won't Last For Long
Equity tiers saw a surprising rise among The Am Law 100 in 2022, but the industry doesn't expect a shift in leverage to continue.
Am Law 200 Law Firms Look for 'Off-The-Radar' Growth in the Southeast
Law firm leaders said the ability to provide legal services from low-cost tertiary markets has grown since the pandemic and certain, smaller markets themselves are also thriving.
For Services Partially Rendered? Firms Get Creative on Fee Arrangements
An unpredictable economy and tough deal market is requiring some alternative structures to make both client and firm whole.
Law Journal Press | Digital Book
District of Columbia Legal Malpractice Law 2024
Authors: Shari L. Klevens, Alanna G. Clair
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Despite 6% Revenue Growth, Profits Stagnate at Duane Morris Due to Q4 Hiring Spree
The firm's leaders pointed to a more hesitant transactional client base in concert with 49 lawyer hires during the final quarter of 2022.
Can Law Firms Hold the Line on Layoffs and Billing Rates in 2023?
"The top 200 firms should hold back on raising rates to fill their shortfall for 2023, as clients are watching and weighing alternatives," recommends a new report.
Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs
Law firms' increasing use of national teams and push for automation are putting more business professionals on the chopping block, especially when demand falls.
Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted
The number of law firms with a growing equity partnership—and some of the sharp gains in these equity ranks—stand out in an environment of slower demand.
'Investing When Conditions Aren't Optimal': Seyfarth Grows Revenue and Partner Ranks
Seyfarth grew its equity tier by nearly 7%, as its profits per partner inched down by about 1%.TRENDING STORIES
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