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01 Jul
Law firms to become more cautious about adding to their equity partnership
Category: All, Law firms’ trends
According to ALM Media (Jun-22) equity partnership ranks across law firms remained mostly flat in 2021, despite fantastic financial performances for many firms. The average equi...
23 Jun
Latest U.S. jobs report shows more legal sector growth
Category: All, Law firms’ trends
According to data released by the Bureau of Labor Statistics the legal services sector added 600 jobs in May 2022 totaling 1,178,800. The job count includes lawyers, paralegals,...
16 Jun
Talent is the top concern for law firms
Category: All, Law firms’ trends
According to the latest Thomson Reuters Institute’s survey, top concerns for law firms’ management are talent as well as environment, social and governance (ESG) matters. ...
09 Jun
Norton Rose joins large law firms with new tech units
Category: All, Law firms’ trends
Large law firms are increasingly setting up new business units and subsidiaries in the U.S, in part to compete with a growing number of alternative legal services providers. The...
02 Jun
Law firm profits impacted by salaries and overheads
Category: All, Law firms’ trends
According to the Thomson Reuters Institute’s latest Law Firm Financial Index, law firm profitability slowed in the first quarter of 2022. The index score hit its lowest poi...
26 May
Law firms expanding to Miami
Category: All, Law firms’ trends
In May 2022, Kirkland & Ellis, and Winston & Strawn announced they would open a new office in Miami, a sign the city’s appeal for large out-of-town law firms is on...
19 May
Law firms find new avenues for growth in Japan
Category: All, Law firms’ trends
International law firms in Japan could have taken a big hit over the past two years when their Japanese clients, discouraged by COVID, put outbound M&A deals on hold. Howeve...
12 May
Law firms are expanding certain practices, anticipating a recovery
Category: All, Law firms’ trends
Analysts say it takes confidence to invest in a practice that’s not necessarily at its apex because the return on investment isn’t going to be as fast as some partne...
04 May
US corporations anticipate increased need for legal technology providers
Category: All, Law firms’ trends
A new survey from information services company Wolters Kluwer shows that approximately half of U.S. corporate respondents polled anticipate an increased need for legal technolog...
28 Apr
Large U.S. banks reporting 1Q22 earnings have diverged in performance
Category: All, Industry analysis
Large U.S. banks reporting 1Q22 earnings thus far have diverged in performance based on business models. Although profits were down across the board compared to the very strong ...