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Law Firm Management
Exclusive law firm financial reporting and rankings. News, trends and analysis of law firm management; leadership profiles, market reports and case studies.
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Atsumi & Sakai Continues to Expand Outside Japan, Opens Office in Vietnam
By Tony Sabine | July 11, 2024
The new office in Ho Chi Minh City will provide a range of legal services and assist clients in expanding their business in Vietnam and elsewhere in Southeast Asia.
2 minute read
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The Ambassador: Legal Luminary Charles Martin on Joining Paris Powerhouse Darrois
By Lisa Shuchman | July 11, 2024
The former Macfarlanes senior partner is now senior adviser to the elite French firm, using his London connections and expertise to help it navigate the U.K. and global markets.
6 minute read
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$20M and Still Going: Is Partner Pay a Bubble?
By Andrew Maloney | July 11, 2024
According to some industry observers, $25 million to $30 million is the new top rung for valuable laterals, high-performing partners and some Big Law leaders. It's still very rare, but not unfathomable.
6 minute read
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Clifford Chance Adapts Associate Bonus System in US-Style Shift
By Habiba Cullen-Jafar | July 11, 2024
The move is being viewed as a means to better compensate more hours billed in times of high demand, but without "actively encouraging a drive to a high billable culture".
3 minute read
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A&O Profits Hit £1B in Run Up to Merger
By Jack Womack | July 11, 2024
The pre-merger results are an improvement on last year, when the firm's pre-tax profits and PEP both decreased.
2 minute read
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Ashurst PE Duo Walk to O'Melveny in London
By Habiba Cullen-Jafar | July 11, 2024
Among the hires is Ashurst's global co-head of private equity.
3 minute read
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Australia's Mills Oakley Hires Five Including Two KPMG Partners
By Christopher Niesche | July 11, 2024
Australian law firm Mills Oakley has hired two financial services partners from global accounting giant KPMG and three partners from Australian firms
2 minute read
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Skadden Tops Europe M&A Rankings in 1st Half of 2024
By Alex D'Elia | July 10, 2024
In continental Europe, Germany was the most-targeted nation for M&A deals announced in the first half of 2024, with 815 deals totaling $42.8 billion.
3 minute read
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U.S. Court Postpones Citgo Bid Hearing Until September as Venezuela Gets Close to Losing Oil Refiner
By Amy Guthrie | July 10, 2024
Companies owed more than $21 billion have sought the sale of Venezuela's U.S. refining unit, Citgo, to satisfy unpaid arbitration claims. The case has charted new legal territory for enforcement of international arbitration awards, while also penetrating the walls of sovereign and corporate immunity.
3 minute read
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Simmons & Simmons Hires New Hong Kong Regulatory Head
By Tony Sabine | July 10, 2024
Former Freshfields Bruckhaus Deringer counsel Kenneth Hui will help clients navigate financial regulatory issues, with a special focus on digital assets.
2 minute read
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5 Ways AI Strengthens Client Relationships and Revenue Generation
By Jody Glidden | July 11, 2024
Maintaining consistent communication with clients can be time-consuming for most law firm professionals. Because balancing this task with other competing responsibilities becomes challenging, the time has never been better for firms to start introducing technology, like AI, to improve their overall business.
6 minute read
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Clifford Chance Adapts Associate Bonus System in US-Style Shift
By Habiba Cullen-Jafar | July 11, 2024
The move is being viewed as a means to better compensate more hours billed in times of high demand, but without "actively encouraging a drive to a high billable culture."
3 minute read
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Attorneys May Be on the Hook for Advocating Transactions Deemed 'Abusive' by Pending IRS Rule
By Justin Henry | July 11, 2024
New regulations casting a closer eye on "basis shifting transactions" could be neutered by the Supreme Court's recent ruling overturning the "Chevron" doctrine.
7 minute read
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'AI Is Existential': ArentFox Schiff Turns Attention From Metaverse to AI Use Cases
By Abigail Adcox | July 10, 2024
The firm has several use cases for generative AI, but also knows when not to trust it, said chair Anthony Lupo.
4 minute read
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Morrison Cohen Debuts Luxury Brands Practice, as COVID-19 Uptick Continues With Retail Clients
By Alexander Lugo | July 10, 2024
New York-based Morrison Cohen is debuting its new luxury brands group after an uptick of work with those clients following the COVID-19 pandemic. The group will be led by current co-chairs of the firm's real estate, venture capital and labor and employment practices.
2 minute read
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Former Kasowitz Partner Claims Firm Withheld Compensation
By Mimi Lamarre | July 10, 2024
"After paying him generously during his unproductive year, the firm owes him nothing and we have parted ways," Kasowitz Benson said in response to Jay Deshmukh's claims in a Tuesday suit.
3 minute read
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How I Made Practice Group Chair: 'You Have to Be Your Own Advocate,' Says Marisa Darden of Benesch
By ALM Staff | July 10, 2024
"Do not be afraid to speak up about your desire for the role. You have to be your own advocate. Don't assume your billable hours or revenue numbers will speak for themselves."
7 minute read
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'Resources Are a Huge Issue': Law Firms Struggle to Fully Back DEI Goals
By Amanda O'Brien | July 10, 2024
A former Am Law 200 diversity leader's recent suit against her old firm is a reminder that pursuing diversity is often easier said than done.
6 minute read
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'An Am Law 200 Firm in Your Home Office': Fennemore Launches Remote Lawyer Program
By Dan Packel | July 9, 2024
Fennemore Forward currently has 18 attorneys, under the leadership of Chris Wilson, who led the remote lawyer program at Atlanta's Taylor English Duma.
3 minute read
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Richards, Layton & Finger Elects New Directors and Counsel
By Victoria Pfefferle-Gillot | July 9, 2024
Richards, Layton & Finger announced that it has elected attorneys Cory D. Kandestin, Daniel E. Kaprow, and Kyle H. Lachmund as directors of the firm, and Christine Dealy Haynes, Zachary D. Kmetz, and Kinsey Lenehan as counsel of the firm, effective July 1.
3 minute read
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