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 ...
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...
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...
Law firm mergers and acquisitions have accelerated in 2022. As of July 1, Law360 Pulse tracked 52 law firm combination announcements involving at least one U.S.-based law firm. The...
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 equity ...
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, an...
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. Tal...
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. These ...
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 point ...
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 th...
