Top partners at Simpson Thacher & Bartlett are expected to earn more than $20 million this year after the law firm adjusted its compensation structure.
"Systemic business deficiencies" rooted in mismanagement at Lewis Brisbois Bisgaard & Smith had a disparate impact on a female former partner suing the law firm for alleged bias, according to a lawsuit filed Thursday.
Winston & Strawn is offering its clients a lower-cost alternative to outsourced legal services that uses attorneys trained by the law firm for more routine legal tasks.
The billable hour has long been the subject of much debate. Whether you love it or hate it, the billable hour could face an existential crisis, thanks to the rapid introduction of generative artificial intelligence tools.
Founded in 2017, Substack, which is a publishing platform open to anyone and everyone who has something to write, has recently attracted a slew of lawyers and attorney-adjacent writers who realized how much it could help their careers.
Kasowitz Benson Torres is seeking nearly $500,000 in legal fees from a former Gibson, Dunn & Crutcher partner in a lawsuit filed Tuesday in New York state court.
Law firms returned to profitability in 2023 as “worked rates” accelerated throughout the year, according to the Law Firm Financial Index report for the fourth quarter of 2023 by the Thomson Reuters Institute.
The defunct law firm Schnader Harrison Segal & Lewis is accused in a lawsuit of commingling contributions to the firm’s 401(k) plan with the firm’s general assets for months at a time and using the money to make distributions to equity partners.
Lawyer head count is growing, while productivity is declining, according to a year-end survey of more than 130 larger law firms released this week by Wells Fargo’s Legal Specialty Group.
Quinn Emanuel Urquhart & Sullivan must disclose terms of judgment preservation insurance that it allegedly bought before distributing a $185 million fee award to partners, according to a U.S. Court of Federal Claims judge.
Updated: This article is the third in a series that explores legal tools for law firms to increase profitability. Previously, we discussed time-tracking software for lawyers and legal billing software.
Former federal appeals Judge Richard Posner must face a lawsuit alleging that he never paid a promised $120,000 annual salary to an employee who co-led a pro se center for nearly a year and a half.
Ari Kaplan recently spoke with David Perla, the co-chief operating officer at Burford Capital, a litigation funding company and a leading provider of legal finance.
The ABA Journal wants to host and facilitate conversations among lawyers about their profession. We are now accepting thoughtful, non-promotional articles and commentary by unpaid contributors.
