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April 15, 2024 | The American Lawyer

Hinshaw, After Lateral Hires and Combination, Grows Revenue and Profits Double Digits

Average PEP shot up more than 34%, as retirements and the progression of some lateral partners through a contract stage had some effect, said firm chair Peter Sullivan.
4 minute read
March 05, 2024 | The American Lawyer

'Modern Law Firm Work Environment': Am Law 100 Firm Plans Move to Smaller NY Office

The firm signed a 10-year lease for 27,667 square feet at 3 Times Square building, about a 38.5% decrease in space from its current office.
5 minute read
December 26, 2023 | The American Lawyer

Amid Strong Performance in Local Markets, Law Firms Continued to Open Up Shop in Texas in 2023

Out-of-state firms continued to open offices in the robust Texas market throughout 2023, and a number of firms put new leaders into place.
5 minute read
July 03, 2023 | The American Lawyer

Law Firm Mergers May Accelerate in Second Half of 2023

The timeframe for completing a merger is lengthening, and the likelihood of a roadblock is greater, but "given the level of activity," Fairfaix analysts anticipate an acceleration in completed deals.
3 minute read
May 26, 2023 | The American Lawyer

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.
5 minute read
April 24, 2023 | The American Lawyer

How Is This Downtown Miami Lot Poised to Sell for More Than $1B? Thank the Lawyers

The property was last sold for $236 million in 2014, before attorneys at Bilzin Sumberg helped secure tweaks on zoning and land use rights along with handling financing and working with Miami-Dade County on a proposed public transportation project on the site.
5 minute read
April 13, 2023 | The American Lawyer

An Insurer Sent Law Firms a ChatGPT Warning. It Likely Won't Be the Last

A legal insurance provider warned policyholders of the legal and cybersecurity risks of using ChatGPT. Given the chatbot's rapid adoption, more scrutiny of the generative AI tool from insurers is likely to follow.
5 minute read
April 03, 2023 | The American Lawyer

As Big Law Merger Momentum Continues, Armstrong Teasdale Combines With Chicago Boutique

Law firm mergers are growing, partly motivated by Big Law's appetite for geographic expansion through boutique combinations.
4 minute read
March 13, 2023 | The American Lawyer

Big Law Continues to Favor Transfers Over Entry-Level Associates

Am Law 200 firms have widened the gap between entry-level and lateral associates in 2022, making about 1,765 more associate hires on the lateral market.
5 minute read
March 09, 2023 | The American Lawyer

Hinshaw Adds 23-Lawyer Firm With Strength in Aviation and Aerospace Litigation

The firm's move, expanding in Chicago, is the latest sign that some Am Law 200 firms are keeping up growth partly through combinations this year.
3 minute read

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