As technology continues to advance, the potential for automation in the legal industry is becoming increasingly clear. According to a new estimate from Goldman Sachs, generative AI...
International and U.S. law firms are continuing to invest in Germany, with cross-border mergers and acquisitions (M&A), finance, and private equity hires driving legal market g...
The pandemic, higher interest rates, and geopolitical tensions have led to a decrease in the profitability of major US law firms, as dealmaking has slowed. According to an article ...
According to a recent survey by Thomson Reuters, the legal industry is on the cusp of a major technological shift. The survey found that 71% of law firms are already using artifici...
According to new data from the U.S. Bureau of Labor Statistics, the legal services sector lost 600 jobs in March, which is the first monthly employment decline since September. The...
According to the Financial Times (Apr-23), international law firms, including DLA Piper, Herbert Smith Freehills, and Baker McKenzie, are considering opening offices in India follo...
US law firms hired fewer lawyers in 2022 compared to the previous year, according to new data from the National Association for Law Placement (NALP). The decline was particularly n...
In a landmark decision, the Indian government has opened up the legal services sector to foreign law firms, allowing them to set up offices in the country. This move marks a signif...
The collapse of Silicon Valley Bank (SVB) has spurred legal teams into action. SVB was reportedly advised by US law firms Cooley, Holland & Knight, and Sullivan & Cromwell....
As the legal industry adapts to the changing business landscape, law firms are attempting to hold the line on both layoffs and rates in 2023. Law firms have faced an increasing dem...
