Earlier this month, Business Week jumped on the “law firms must adapt or die” bandwagon. This follows a story concerning the so-called travails of Mayer Brown in the New Republic with the patently ridiculous title, “The Last Days of Big [...]
As we approach the end of the year, law firms are focused on two major initiatives, collecting bills and determining partner compensation. […]
Remember when after the 2008 economic meltdown, some pundits were predicting that law firms based in Washington would benefit from the increased regulatory work, somewhat at the expense of New York-based firms. Well, it hasn’t turned out that way, and [...]
Recent surveys conducted by the Citi Private Law Firm Group and Lexis-Nexis indicate that while lateral partner hiring remains as robust as ever, a large number of managing partners question the overall efficacy of such efforts. […]
A study of early financial results reported by law firms for 2012 reveals that last year produced very similar results to 2011, with nearly identical increases in both revenues and profits per partner. […]
In today’s difficult legal environment, it’s imperative that all lawyers ranging from senior associates to senior partners prepare yearly business plans. Even before the recent recession, firms, in an increasingly competitive marketplace, were both increasing their expectations for lawyer business [...]