Law firm news by topic » Large Law Firms

Proposed tax reform could affect at large law firms

Jan 1, 2014 A proposal for tax reform - which is currently before congress - could significantly affect the operations at large US law firms. Under the proposed law, law firms with gross receipts of greater than $10 million would be…

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Top 20 UK firms reduce equity partnerships

Sep 11, 2013 The UK's 20 largest law firms by revenue have seen the overall proportion of equity partners fall by 12% over the last seven years, with equity partners accounting for 59% of the total partner count in 2012-13, according…

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Top 100 UK firms increased profits by 8% in 2012-13

Sep 2, 2013 The largest 100 UK law firms made combined profits of £5.8 billion in 2012-13, an 8 per cent increase on last year’s result. A survey conducted by Legal Business magazine also shows that the top 100 firms billed a…

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Revenue gap between large and small firms widens

Aug 1, 2013 There’s good news out there for large law firms, and poor news for small law firms, according to the Survey of Law Firm Economics by the National Law Journal and ALM Legal Intelligence. The Survey found that revenue…

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The BigLaw model never made much sense...

Jul 24, 2013 Matthew Yglesias of Slate weighs in on href="http://www.lawyrs.net/news/show/7319/is-this-the-end-of-biglaw">Noam Scheiber's piece on the end of Big Law, which charted the huge challenges and stresses currently faced by…

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Is this the end of BigLaw?

Jul 23, 2013 This article By Noam Scheiber in New Republic, entitled ‘The Last Days of BigLaw’ is making waves through the blogosphere and beyond. The article points out that the golden age of the law firm partner saw the…

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Employment stats improve for US law grads

Jul 1, 2013 The National Law Journal reports a 27 percent increase in hiring of recent law school graduates from last year, with 3600 hires from members of the J.D. class of 2012. The figures square with a report from the National…

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NLJ survey shows marginal growth at top US firms

Jun 13, 2013 The National Law Journal’s annual survey of the biggest US law firms shows a small amount of growth over the past year. The survey, which looks at data from the 350 largest law firms in the US, recorded overall growth…

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Growth rate at top UK firms down by half

Jun 11, 2013 The rate of fee income growth among the UK’s top 100 law firms has halved since last year, according to business advisory firm Deloitte. The 2013 financial year saw fee income increase by 2.6% down from the 6.6%…

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Large law firms maintain high billing rates

Dec 20, 2012 Leading partners at major law firms are still able to demand a premium for their services, according to a survey published by The National Law Journal. The survey looked at 55 firms from among the top 350 US firms, with…

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Top 10 UK firms pull away from the pack

Oct 31, 2012 The top 10 UK law firms have widened the gap between themselves and the rest of the top 100 firms, according to the Law Survey 2012 by PricewaterhouseCoopers. These top 10 firms - including

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