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Law Firms Happy to Trade Falling Realization Rates for Strong Rate Increases
April 01, 2024
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.
Law Firm Offices Continued to Shrink In 2023, But Real Estate Costs Did Not
April 01, 2024
Despite the overall trend of downsizing, about 42% of the 80 Am Law 200 firms increased their real estate footprints in 2023. Proportionally, the downsizing was more aggressive than the footprint growth.
An Early Look: The 2024 Am Law 200 Financials
April 01, 2024
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.
AI Needs Its 'Come to Jesus' Moment
March 01, 2024
It's time to stop the hype, stop talking up AI as if it's the next best thing since sliced bread and prove that it's a useful tool and technology that can actually be used in the actual practice of law.
Sui Generis: Draft Like You Mean It
March 01, 2024
The automatic acceptance of various boilerplate clauses in commercial leases in the face of jurisprudential modernity and evolving legal approaches is dangerous. The evolutionary exploits of a commercial lease aren't done yet, nor should they be.
U.S. Regulators Lift the Curtain on Data Practices with Assessment, Reporting and Audit Requirements
March 01, 2024
The assessment and audit requirements of the new generation of state data protection laws will force U.S. companies to move beyond mere window dressing and instead require them to develop fulsome data protection programs.
Revolutionizing Revenue: How 'Invoice to Cash' Innovation Rescues Firms from Billing Woes
March 01, 2024
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?
Decoding DOJ's New 'Justice AI' Initiative
March 01, 2024
The DOJ is likely to face many practical challenges and novel issues as it begins coding its own algorithm for AI-related enforcement. This article briefly examines three areas of AI-related enforcement where such practical challenges and novel issues may arise.
NYC Guarantor Liability for Post-Window-Period Rent
March 01, 2024
In Tamar Equities Corp. v. Signature Barbershop 33 Inc., the Appellate Division analyzed whether the Guaranty Law bars recovery from a guarantor where a commercial tenant's default initially arose during the Guaranty Law's window period, but persisted after its expiration.
U.S. Supreme Court Hears Arguments on Whether Copyright Plaintiffs Can Reach Back More Than Three Years for Infringement Damages
March 01, 2024
In a case of first impression, the Eleventh Circuit decided that a copyright plaintiff may recover damages that occur more than three years before a copyright lawsuit is filed.

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