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...
In order to counteract the decline in profitability, law firms are turning to artificial intelligence (AI) tools such as ChatGPT to reduce costs. Due to a boom in hiring, US law fi...
Law firms are adapting to the uncertain economic climate by increasing their use of fixed-fee and contingency-fee arrangements. Fixed-fee arrangements involve setting a predetermin...
US law firms experienced a decline in client demand, productivity, and profitability at the end of 2022, according to a report by the Thomson Reuters Institute. In the fourth quart...
According to Thomson Reuters Institute and the Georgetown University Law Center on Ethics and the Legal Profession, law firms raised their rates an average of 4.8% through the firs...
