Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
After Another Big Year, Law Firms Should Plan for Recession
Looking at the 2021 AmLaw 200 results, overall, the AmLaw 200 did very well last year. Among other benchmarks, the AmLaw 200:
- Posted the biggest YOY increases in revenue, RPL, and PEP in more than 10 years.
- Gross revenue increases more than 9%.
- RPL increased more than 7%.
- PEP increased by approximately 12%.
While the AmLaw 200 results were quite impressive, 2021 continued the cycle of the AmLaw 100 firms continuing to widen the gap between themselves and the "other" 100.
- Gross revenue in the AmLaw 100 increased by approximately 15%.
- RPL in the AmLaw 100 increased by 12.5%.
- PEP increased by 20%.
Perhaps the most startling measure of the gap was that two AmLaw 100 firms increased their YOY gross revenue by more than the combined increase of all the AmLaw 200 firms.
2022 and Beyond
What might 2022 and 2023 hold? Preliminary Q1 results from the Thompson Reuters LFFI survey reports a strong 2.7% growth in demand. However, the positive growth numbers were offset by significant growth in compensation (13%) and overhead (10%). Indicators point to continued growth in both of those categories over this year and calendar 2023.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
When Is a Repair Structural or Nonstructural Under a Commercial Lease?
A common question that commercial landlords and tenants face is which of them is responsible for a repair to the subject premises. These disputes often center on whether the repair is "structural" or "nonstructural."