Increases in law firm revenue—up 11.4% in the first six months of 2024, compared to the same period last year—are one indication of a strong year, according to a report by the Citi Global Wealth at Work law firm group.
The Thomson Reuters Institute is introducing a new metric that measures how well lawyers are generating fees and collecting them by comparing them to their peers.
Duane Morris reduces business expenses and tax obligations for equity partners by shifting some of the burdens to lawyers who carry the partner title but have no equity or power in the law firm, according to a lawsuit filed Wednesday.
Clio, a cloud-based practice management software company, has clinched $900 million in a Series F round—one of the largest single investments in legal technology to date.
As the legal landscape becomes more technological, law firms are struggling to devise a potentially robust legal tech budget. But this cost-value equation is a complicated one. Worried about having enough funds to devote to legal tech? It’s time to set a budget.
Hughes Hubbard & Reed pays new associates a top salary of $235,000, which is $10,000 above the going rate at many top law firms, according to a survey by the National Law Journal at Law.com.
Despite a high earning potential, new lawyers usually have high debt. People who chose to get JDs instead of MBAs often find themselves operating as entrepreneurs to launch a solo practice. The author of The Lawyer Millionaire is here to help.
Culture is the most important factor for Yale Law School students when deciding which law firm offer to accept, according to a new report by Yale Law Women+.
The rule, which rescinds most current and bans all future noncompetes, is expected to affect nearly one in five American workers, according to the FTC. It will go into effect in early September if it’s not overturned or delayed.
Top partners at Simpson Thacher & Bartlett are expected to earn more than $20 million this year after the law firm adjusted its compensation structure.
