The American Lawyer reports that according to recent data released by Vault and MCCA, minorities and female lawyers are making gains in overall representation at the nation’s largest firms. According to the Vault/MCCA Law Firm Diversity Survey, female attorneys represented more than 46 percent of law firm...
The American Lawyer reports on several key trends for midsize law firms heading into 2019, according to a recent article featured in Am Law’s latest Mid-Market Report. In the article written by Alan Tarter, he provides his thoughts on industry trends affecting mid-size law firms in the...
The American Lawyer reports that as 2018 came to a close, it was on pace to become the busiest year ever for law firm mergers, surpassing a record set in 2017. According to a recent report by legal consultancy firm Fairfax Associates, last year’s tally of...
The American Lawyer reports the legal industry is poised to have its strongest annual performance in a decade, according to a recent report by Wells Fargo Private Bank's legal specialty group. The report, drawn from a survey of 120 firms, found that revenue was up 7 percent...
The American Lawyer reports that law firm profitability is at a record high, according to a recent report released by ALM Intelligence. The report revealed that the average equity partner, at an Am Law 200 firm, received $1.8 million in profit sharing compensation last year. This...
The American Lawyer reports that law firm revenue growth in the first nine months of 2018 was the highest it’s been since 2007, and the outlook going forward remains positive. According to a new report, released by Citi Private Bank’s Law Group, overall revenue grew by...
When it comes to law firm performance, does alignment matter? A recent article by The American Lawyer investigates, positing that the answer is an emphatic yes. Deborah Farone, author of “Best Practices in Law Firm Marketing and Business Development” reports on the topic, citing that recent research...
Clients need outside counsel that can collaborate to solve their problems, but law firms’ increased specialization creates an unfortunate conflict, and many are leaving big money on the table as a result, The American Lawyer reports. Recent NALP plenary speaker Heidi Gardner notes that “when firms...
The American Lawyer reports that after years of globalization, some firms are pulling back to focus on building a stronger platform in the world's most lucrative legal market. According to the article, the United States remains the world’s largest, strongest and most lucrative legal market. A...
The American Lawyer released their annual Global 100 report, a ranking of the world’s 100 largest law firms by gross revenue, profits per partner, and total attorney headcount. Overall, gross revenue for the Global 100 grew by 6.4 percent to $105.7 billion, and profits per equity partner...