Law firm news by topic » Law Firms

US top 100 firms record record revenues in 2013

May 6, 2014 The total revenue for the 100 largest US law firms was $77.4 billion last year - a record figure that was 5 per cent higher than the previous year. The figures were reported by American Lawyer magazine, which points…

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US law firms continue to merge at record pace

Apr 9, 2014 US aw firms continue to merge at a record pace, according to a new report from legal consulting group Altman Weil. Twenty-two firms announced mergers or acquisitions during the first quarter of 2014, and mergers…

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Law firms rush to collect on unpaid bills

Dec 24, 2013 Law firms have been scrambling to collect payment before the end of the year - a sensitive task if it is to be carried out effectively while maintaining goodwill with clients. Most US law firms link partner…

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US law firms lead the pack on on LGBT work issues

Dec 11, 2013 The 12th annual edition of the Human Rights Campaign’s latest Corporate Equality Index shows that US law firms are becoming better at tackling discrimination against lesbian, gay, bisexual, and transgender employees,…

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UK law firms hired corrupt private investigators

Aug 3, 2013 A UK investigation into a network of corrupt private detectives who were jailed last year has revealed that law firms account for a fifth of the group’s clients. The investigators - who have been found guilty of…

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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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US law firms on track for record year of mergers

Jul 15, 2013 US law firms are merging at a cracking pace, with 39 mergers announced in the first half of the year. The figures, published by Altman Weil MergerLine, put the industry on track for a record-breaking number of mergers…

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Malpractice claims on the rise in the US

Jul 4, 2013 The number of malpractice claims against law firms is on the rise, along with the number of multi-million dollar payouts, according to a new study. Insurance broker Ames & Gough surveyed seven leading professional…

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SRA asks UK law firms to publish diversity data

May 14, 2013 The Solicitors Regulation Authority has asked major UK law firms to collect comprehensive data on diversity statistics with a view to making the numbers available to clients. The Authority hopes that publishing the data…

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US law firms opt for smaller equity partnerships

May 11, 2013 The American Lawyer reports that leading US law firms are shrinking the proportion of equity partners relative to the number of fee-earners, and routing capital to improve profits per partner. The American Lawyer…

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