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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
March 06, 2024 | The American Lawyer

Why 'Growth for Growth's Sake' May Actually Help Law Firms

"The movement over the past month has [confirmed that] we're going to continue seeing some of the largest, highest-profit firms have this tremendous recruiting advantage," noted law firm consultant Kristin Stark.
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
March 01, 2024 | The American Lawyer

Big Law Finds Growth Opportunities Through IP Hires

Sidley, Orrick, Squire, Sheppard Mullin and Spencer Fane have all added IP hires this week. "Growing with the right people begets more growth," said Spencer Fane chair Pat Whalen.
4 minute read
January 04, 2024 | The American Lawyer

With Law Firm Merger Interest at 'All-Time High,' Consolidation May Heat Up in 2024

At least nine mergers have already been announced and slated for completion in 2024, according to consulting firm Fairfax.
4 minute read
December 28, 2023 | The American Lawyer

Looking Back at the Law Firms That Didn't Survive 2023

From Stroock to Schnader, firms that failed struggled with common issues of recruitment, retention and financial obligations.
7 minute read
December 26, 2023 | The American Lawyer

Law Firm Mergers Began With a Boutique Bash. Will the Party Continue in 2024?

A&O's tie-up with Shearman could be a harbinger of more U.K.-headquartered firms expanding into the U.S.
6 minute read
December 11, 2023 | The American Lawyer

As Big Law Consolidation Heats Up, Husch Blackwell Adds IP Boutique Lawyers

The IP boutique "brings a really strong medical device IP practice, which allows us to deliver more for our healthcare and life sciences type of clients," said Paul Eberle, Husch's chief executive officer.
4 minute read
December 06, 2023 | The American Lawyer

Salt Lake Sees More Big Law Interest, as Spencer Fane Enters Through Merger

"We do not have a business plan or profit formula that requires the four-figure rates that some of the other firms entering that market are probably expecting," chair Pat Whalen said.
4 minute read
December 05, 2023 | The American Lawyer

Big Law's Flood Into Boomtown Nashville Tests Client Loyalties

"Some clients are super loyal to their firms that they work with, sometimes blindingly so," said Joan MacLeod Heminway, a University of Tennessee law professor.
9 minute read

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