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Competitive intelligence and news on billing rates, evolving rate pressures and alternative pricing.
By Dan Roe | February 28, 2024
Colorado's biggest law firm also increased gross revenue by 11.3% in 2023 as all major practice areas saw growth.
5 minute read
By Thomas Spigolon | February 21, 2024
The firm's PEP dropped by 5% to $820,000, as its equity tier expanded and its nonequity tier shrunk by 9%, bucking a trend in the industry of growing the nonequity ranks.
5 minute read
By Alexander Lugo | February 21, 2024
The biggest beneficiary is Winter Park-based boutique Fishback Dominick, which earned nearly $700,000 in the second half of 2023 from the Central Florida Oversight Tourism District. The firm hadn't previously billed the entity in recent years.
5 minute read
By Dan Roe | February 15, 2024
As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
7 minute read
By Maria Dinzeo | February 15, 2024
A newly released report from the law firm network Lex Mundi has reinvigorated the age-old debate on the topic.
7 minute read
By Dan Roe | February 14, 2024
As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
7 minute read
By Maria Dinzeo | February 14, 2024
"The people who regulate the profession are the profession. They are judges and members of the bar. So what incentive do they have to give away that control to the machine?" said Foster Sayers, vice president of legal ops at health tech company symplr.
7 minute read
By Ross Todd | February 14, 2024
"Billable hours worked, the market's favored measure of demand for legal services, is simply becoming a less useful measurement," write the authors of a report issued this week by The Thomson Reuters Institute.
4 minute read
By Abigail Adcox | February 12, 2024
"Many do compete with the New York firms," said Wells Fargo's Owen Burman about D.C. firms. "But it's not universal."
5 minute read
By Dan Roe | February 12, 2024
The Am Law 50 finished the fourth quarter with nearly 8% more fees worked than Q4 2022 despite a decline in demand, according to a new Thomson Reuters report.
3 minute read
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