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Features

Retirement Succession Can Hedge Against the Risks of Lateral Partner Acquisition Image

Retirement Succession Can Hedge Against the Risks of Lateral Partner Acquisition

David Wood

Increasingly, law firms rely upon acquiring lateral partners and practice groups to grow revenue more quickly than they can by increasing output with existing talent. With this kind of money at stake, a prudent firm is constantly on the lookout for ways to hedge against the risks of acquiring laterals. Implementing an effective retirement succession program is one of them.

Features

It's Time for Lawyers to Return to the Office 5 Days a Week Image

It's Time for Lawyers to Return to the Office 5 Days a Week

J. Mark Santiago

It's time for attorneys to return to the office on a five day a week schedule. There is significant evidence that shows remote learning is not as effective as in-person instruction.

Features

Why Are Lawyers Still Working Remotely? Image

Why Are Lawyers Still Working Remotely?

J. Mark Santiago

It's time for attorneys to return to the office on a five day a week schedule. There is significant evidence that shows remote learning is not as effective as in-person instruction.

Features

Law Firms Eager to Increase Nonequity Tiers Image

Law Firms Eager to Increase Nonequity Tiers

Andrew Maloney

Last year saw a "staggering" jump in the number of law firm leaders who said they wanted to increase their nonequity tier going forward. Now it's clear many of the biggest Big Law players are following through, with several Am Law 100 firms growing their income partner ranks by double-digit percentages in 2023.

Features

Big Law Banks On Contingency Fees to Maximize Profitability Image

Big Law Banks On Contingency Fees to Maximize Profitability

Abigail Adcox

In a quest to maximize profitability, Am Law 200 law firms have grown their share of business tied to contingency fees, a gamble that has paid off for some firms in recent years.

Features

Sensory Designed Hospitality: Enhancing Workplace Experience Through the Five Senses Image

Sensory Designed Hospitality: Enhancing Workplace Experience Through the Five Senses

Petra Parros

Organizations understand that their workplace environment reflects the culture of their organization and are making extraordinary changes to their real estate and fundamental differences in their office operations. But is it working?

Features

Do Gen Xers and Millennials Make Good Law Firm Leaders? Image

Do Gen Xers and Millennials Make Good Law Firm Leaders?

Marci Taylor

Generation X lawyers stand poised to wield considerable influence. Gen X has always served as a bridge — between tradition and innovation, the old and the new. Unlike their predecessors who were more comfortable with tradition and a stare decisis mindset, they infuse a sense of flexibility and agility into management strategies.

Features

Law Firms Happy to Trade Falling Realization Rates for Strong Rate Increases Image

Law Firms Happy to Trade Falling Realization Rates for Strong Rate Increases

Dan Roe

While some firm leaders pointed to market factors such as economic uncertainty, most indicated that declining realization rates were a price they were happy to pay in exchange for several years of strong rate increases.

Features

An Early Look: The 2024 Am Law 200 Financials Image

An Early Look: The 2024 Am Law 200 Financials

ALM Staff

As firm financials results stream in, we're covering them firm by firm, as we've always done. You can read those story in this continually updated feed. So bookmark it, check back regularly, and stay tuned for the Am Law 100 and Second Hundred reports coming soon.

Features

Revolutionizing Revenue: How 'Invoice to Cash' Innovation Rescues Firms from Billing Woes Image

Revolutionizing Revenue: How 'Invoice to Cash' Innovation Rescues Firms from Billing Woes

Milan Bobde

More and more, firms are understanding that it's the firm's ability to convert its agreed rates through billing and collections to collection realization that really counts. So why is it such a challenge for firms to solve it?

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