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29 Sep
Midsize law firms enjoyed a greater demand compared with their largest counterparts
Category: All, Law firms’ trends
Midsize U.S. law firms enjoyed a greater increase in client demand and suffered a smaller dip in productivity in the first half of 2022 compared with their largest counterparts, ac...
22 Sep
Nearly two-thirds of law firm IT departments are not measuring their success
Category: All, Law firms’ trends
The data explosion within law firms has seen the transformation of both external functions like litigation and contracting, as well as internal functions like financial and documen...
16 Sep
Survey finds it is important for law firms to fully leverage technology in the next three years
Category: All, Law firms’ trends
Law firms and legal departments are under increased pressure to embrace technology amid a potential mass exodus of lawyers in the next year, indicating talent troubles ahead, accor...
09 Sep
U.S. firms see tentative progress on inflation and labor supply
Category: All, Industry analysis
A Federal Reserve report showed U.S. firms reported economic activity was unchanged in July through late August, with further softening expected over the next year even as they saw...
01 Sep
Bigger law firms lagging on content marketing
Category: All, Law firms’ trends
Small law firms are catching up big law when it comes to thought leadership marketing, according to new research by content marketing software provider Passle. The research analyze...
25 Aug
Law firms shift focus toward litigation hires as deal work cools
Category: All, Law firms’ trends
The hiring market for attorneys moving from firm to firm remained robust in the first half of 2022, but the greatest action has shifted from corporate to litigation practices. Late...
18 Aug
M&A may be down, but investment funds are on pace with 2021
Category: All, Law firms’ trends
Fund work may help soften the blow of reduced M&A deals in many law firms’ corporate departments this year. While M&A is down roughly 23% year-over-year, global assets unde...
11 Aug
Law firm profitability declines for fourth quarter in a row
Category: All, Law firms’ trends
After soaring to record levels in 2021, law firm profitability continues to slide in 2022 because of the inevitable cooling off in demand and rebound in expenses. After surging to ...
04 Aug
GCs Consolidate Panels
Category: All, Law firms’ trends
Corporate legal departments continue to consolidate their panel of law firms. A report from Wolters Kluwer’s ELM Solutions found law departments reduced their median number o...
28 Jul
Law firms are focusing on profitability
Category: All, Law firms’ trends
The 2022 Law Firm Profitability Survey from LawVision and Iridium Technology found that nine out of 10 firms were satisfied or very satisfied with their profits over the last three...