Midsize Firm

‘Very strong performance’ reported for law firms in 2024, with revenue increasing 12.5%

Growth in billing rates contributed to a 12.5% increase in law firm revenue in 2024, up from 6% in 2023, according to a year-end survey by Wells Fargo’s Legal Specialty Group.

Jan 29, 2025 11:59 AM CST

2 BigLaw firms reject routine special bonuses as several boutiques match or surpass market rate

Above the Law’s bonus tracker continues to expand, as an increasing number of boutique law firms announce associate bonuses that match or surpass market rates set by Milbank. But some BigLaw firms are not falling in line with the standard special bonuses.

Dec 19, 2024 11:00 AM CST

$1M-plus bonuses will be paid to ‘multiple associates’ at this prominent law firm

“Multiple associates” at Boies Schiller Flexner are receiving bonuses of $1 million or more this year, thanks to a formula based on law firm contributions and revenue generation, according to an internal memo obtained by several publications.

Dec 11, 2024 10:10 AM CST

Wife convicted of murdering prominent attorney husband claimed to reveal real killer at her sentencing

A Georgia woman convicted of murdering and burning the body of her husband, a prominent Atlanta-area attorney, was sentenced to life in prison after a Dec. 5 sentencing hearing in which she claimed that the real killer was the man’s son.

Dec 9, 2024 1:04 PM CST

Law firms had ‘very strong performance’ financially at 9-month point, new report says

Law firm revenue in the first nine months of 2024 increased 12.8% from the same period last year, thanks mostly to increases in standard billing rates, according to a new report by Wells Fargo’s Legal Specialty Group.

Nov 20, 2024 12:22 PM CST

Miles & Stockbridge will merge with 30-lawyer firm

Miles & Stockbridge has announced that it will merge with 30-lawyer Krooth & Altman, a real estate law firm in Washington, D.C.

Nov 14, 2024 8:51 AM CST

Judge gives final OK to $8M settlement in Orrick data breach

A federal judge in California approved an $8 million settlement Friday in consolidated cases brought against Orrick, Herrington & Sutcliffe over a 2023 data breach that may have compromised the personal information of more than 638,000 people.

Nov 12, 2024 1:51 PM CST

Which law firms are expected to win influence in Trump administration?

Boutique and smaller law firms that have advised President-elect Donald Trump and his allies may be among the legal counsel who benefit when he takes office in January.

Nov 7, 2024 9:22 AM CST

Only 36% of young legal professionals say work has positive impact on mental health, new survey finds

Half of surveyed male lawyers in larger law firms report that work has a positive effect on their mental health, but only 35% of female lawyers feel the same.

Oct 28, 2024 11:09 AM CDT

What’s next for Clio? ‘We’ll always remain focused on customer success’

As Jack Newton, the CEO and founder of Clio, a legal technology company, took the stage for his keynote address Monday at the 12th annual Clio Cloud Conference, happening this year in Austin, Texas, he was in a reflective mood.

Oct 10, 2024 3:10 PM CDT

About half of surveyed lawyers are satisfied with their law firm compensation, survey finds

Only 52% of surveyed lawyers are satisfied with their total compensation, but the percentage increases with pay transparency, according to a law firm compensation survey by Law360 Pulse.

Oct 3, 2024 9:03 AM CDT

Longtime Boston-based law firm will disband after lawyer defections

Boston-based Burns & Levinson is winding down after losing nearly half of its attorneys to other law firms this year.

Oct 1, 2024 9:15 AM CDT

Taft’s revenue ranking ‘will move up substantially’ after planned merger, law firm says

Taft Stettinius & Hollister plans to merge with Denver-based Sherman & Howard, creating a law firm with more than 1,000 lawyers.

Sep 24, 2024 8:50 AM CDT

Another BigLaw firm announces merger—third in week’s time

Womble Bond Dickinson and Lewis Roca Rothgerber Christie announced Tuesday that they will merge Jan. 1, 2025, to create “a powerhouse firm” of more than 1,300 lawyers.

Sep 10, 2024 3:00 PM CDT

Ballard Spahr announces merger that ‘is just the tip of the next iceberg’ in Pacific Northwest

Ballard Spahr is expanding into the Pacific Northwest through a merger with Lane Powell, the law firms announced Monday.

Sep 10, 2024 9:32 AM CDT