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April 16, 2024 | The American Lawyer

Big Law's Big Realization?

Am Law 100 firms last year saw their lowest realization rates in five years: 80.93%, down from 82.2% in 2022 and 83.11% in 2021.
9 minute read
April 16, 2024 | The American Lawyer

Showcasing Resilience of the Industry, Am Law 100 Firms Turn in Strong 2023

After taking a couple of body blows in 2022 and not knowing how the legs would hold up, Big Law was just waiting to counter.
10 minute read
April 09, 2024 | The American Lawyer

An Early Look: The 2024 Am Law 200 Financials

This feed is continually updated. So bookmark it, check back regularly, and stay tuned for the Am Law 100 and Second Hundred reports coming soon.
17 minute read
April 08, 2024 | The American Lawyer

The AI Revolution Is Here. Who Will Be the Winners and Losers in Legal Services?

"If they figure out how to incorporate this technology into their comp model, then they'll be the winners," said Stephanie Corey, co-founder of the legal ops consulting firm UpLevel Ops, on the rise of AI and how it will disrupt the way law firms do business.
10 minute read
March 25, 2024 | The American Lawyer

Realization Rates Keep Falling in the Am Law 200. But Does That Matter?

While a few firms attributed declining realization to market factors, the majority are gladly exchanging lower realization for strong rate increases.
3 minute read
Law Journal Press | Digital Book Wrongful Use of Civil Proceedings and Related Torts in Pennsylvania, Second Edition Authors: George Bochetto, David P. Heim, John A. O’Connell, Robert S. Tintner View this Book

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March 22, 2024 | The American Lawyer

Lowenstein Sandler Sees Double-Digit Drops After Contingency-Aided 2022

Core revenue increased from the previous year if contingency fees are removed from the equation, according to chairman and managing partner Gary Wingens. The firm is also poised to bring on a new chief operating officer, Goodwin Procter veteran Michael Caplan. 
4 minute read
March 21, 2024 | The American Lawyer

Big Law Takes Bigger Bet on Contingency Fee Practices

Kirkland, Crowell, Quinn and Susman Godfrey, among others, have all had financial gains from contingency fee cases. "We've seen a noticeable increase in interest in building out plaintiff side practices," said Evan Meyerson, at Burford Capital.
6 minute read
March 05, 2024 | The American Lawyer

Fish & Richardson Saw Growth in Core Practices Despite Revenue, Profit Slump

A slow year for contingency collections contributed to the IP firm's 2.4% decline in gross revenue, firm president and CEO John Adkisson said.
4 minute read
January 22, 2024 | The American Lawyer

Should US Law Firms Offer 20% Less Pay for 20% Less Work?

Slaughter and May recently formalized a reduced-hours trial, but American firms have typically reserved such accommodations for people with extenuating circumstances.
9 minute read
December 26, 2023 | The American Lawyer

Ex-Kirkland Associate Asks Court to Quash Firm's 'Invasive' Probe of Work History at Paul Hastings, Fish & Richardson

Plaintiff Zoya Kovalenko's original complaint against drew notice for inadvertently including comments that highlighted perceived weaknesses in her argument.
5 minute read

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