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Competitive intelligence and news on billing rates, evolving rate pressures and alternative pricing.
By Thomas Spigolon | May 6, 2024
Big Law firm leaders in Southeast report raising rates as high as 7% in 2023 in response to higher costs for everything from salaries to rent.
6 minute read
By Amanda O'Brien | April 25, 2024
An analysis by The Legal looked at Am Law 100 revenue and net income figures and determined that eight of Pennsylvania's firms saw their total costs outpace revenue growth by anywhere between 0.5% and 4.6%
5 minute read
By Justin Henry | April 23, 2024
Risk-averse corporate legal departments view the potential hazards of switching from a trusted outside counsel as too great, according to Kris Satkunas, director of strategic consulting at CounselLink.
8 minute read
By Emily Cousins | April 18, 2024
The statutory prejudgment interest on the allegedly unpaid invoices is around $1.6 million with an interest rate of 12%, leading to a balance of nearly $4.3 million, as of April 15, the complaint said.
2 minute read
By ALM Staff | April 16, 2024
Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.
2 minute read
By ALM Staff | April 16, 2024
Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.
2 minute read
By ALM Staff | April 16, 2024
Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.
2 minute read
By Dan Roe | April 11, 2024
Another year of strong rate increases for Big Law means continued pressure on practices that can't sustain firmwide increases—and opportunities for midsize firms with greater flexibility.
5 minute read
By Maria Dinzeo | Dan Roe | April 8, 2024
"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
By The Law Journal Editorial Board | April 5, 2024
There is no reason to treat out-of-state attorneys differently than in-state attorneys if we want only the more qualified attorneys to receive referrals in specialized areas of work.
5 minute read
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