BigLaw’s Quiet Worry in 2025: Collections Are Slipping Even as Demand Holds
Snapshot: Growth on Paper, Cash in the Door is Slower Industry trackers show a stronger-than-expected second quarter: demand ticked up…
billing rates
Big Law’s Challenges and Opportunities in 2025
A Competitive Landscape Redefining Big Law As 2025 begins, the legal industry’s largest firms are navigating a rapidly evolving competitive…
Law Firms’ Strong Start in 2024: Financial Highlights
Law firms have commenced 2024 on a positive note, rebounding from a lackluster performance in 2023 marked by tepid client…
Legal Employment Growth in Top U.S. Firms Slows Amidst Changing Landscape
In response to a combination of stagnant client demand and a less active dealmaking environment, the largest law firms in…
Legal Sector Growth and Bonus Season Anticipation: Insights into U.S. Law Firms’ Financial Landscape
U.S. Law Firms Experience Robust Growth Amidst Bonus Season Anticipation According to analysts at Wells Fargo, large U.S. law firms…
Partner Billing Rate Gap between Two Largest Tiers Increases
Summary: A LexisNexis CounselLink study has determined through its data that the billing rate gap for partners at the largest…
Associate Billing Rates Increased by Law Firms
The Valeo Halftime Report; published by the Valeo Partners, a consulting firm from Washington, D.C., shows that hourly billing rates…
Billing Rates in Washington, D.C. Are Second Highest in the U.S.
Between 2007 and 2009, CT TyMetrix Inc. and The Corporate Executive Board gathered invoice data from over 3,500 law firms…
Morning Roundup
Good morning everyone! Today is Wednesday, August 11th. Here's a quick recap of yesterday's stories. Venable added corporate attorneys from…
NLJ Survey Highlights Tough Economic Climate
The National Law Journal Survey of Law Firm Economics showed staffing ratios at small and mid-sized U.S. law firms in 2009…
Report: Varied Billing Rates Could Provide Bargaining Chip
A report set to be released this Fall could give general counsel an “enormous amount of bargaining power” in their…
Study Indicates Billing Rates to Rise This Year
A survey conducted by Altman Weil projects U.S. law firms will raise billing rates by an average of 3.2 percent…