By Andrew Maloney | February 4, 2025
Nine of the firm’s 17 “primary teams” individually exceeded a goal of increasing revenue by 15%, and the firm saw increased demand by “4 or 5% last year” overall, Jenner said.
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By Louis Altmann | February 4, 2025
The 2023-24 LLP accounts will be the firm's last before its transatlantic merger with Kramer Levin goes live if it is voted through this month.
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By Brenda Sapino Jeffreys | February 4, 2025
Baker Botts posted record revenue and profits in 2024, as the Houston-founded firm reaped the benefits of investments made in 2023, and strong demand from clients with complex matters.
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By Andrew Maloney | February 3, 2025
Elite law firms are targeting lateral partner groups who can increase the firm’s wallet share with existing, significant clients.
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By Andrew Maloney | January 29, 2025
Revenue across law firm segments rose 12.5%, and with tight control over the size of equity partnerships, PEP increased by 16.9%, Wells Fargo said.
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By Abigail Adcox | January 29, 2025
The firm's profits per equity partner rose nearly 5% to $2.1 million in 2024, according to preliminary financial reporting.
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By Andrew Maloney | January 28, 2025
Some partners last year "doubled their book of business, and not just from $20 to $40 million, but $60 to $120 million," noted Blane Prescott. "More firms are struggling with: what should the top be?”
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By Andrew Maloney | January 24, 2025
Many firms are increasingly implementing strategies such as clawbacks and deferred compensation to discourage partners from leaving, noted legal recruiter Mike Parrillo.
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By Albert Bollard, Alex D’Amico and Igor Yasenovets | January 21, 2025
"Based on our experience," McKinsey & Co.'s Albert Bollard, Alex D'Amico and Igor Yasenovets write, "it is possible to increase business-services efficiency as much as 20% in terms of cost per lawyer, while maintaining or boosting partner satisfaction."
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By Debra Bordeaux | January 21, 2025
Success in this increasingly saturated and competitive market often requires reaching, attracting and acquiring large groups of clients with an at-scale marketing budget. At the same time, firms must maintain strategic and effective cash flow management due to extended litigation and delayed settlements.
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