Confidence dips at US law firms
Citi Private Bank’s Law Firm Group has published its Law Watch Managing Partner Confidence Index, a quarterly survey of managing partners’ confidence. The report indicates a dip in the confidence of law firm leaders,…
Law firm news by topic » Revenue
Poor first quarter results for US legal industry
Citi Private Bank and the American Lawyer have conducted their annual surveys of the leading firms in the US legal profession, reporting marginal growth in the first quarter of 2013. According to The American Lawyer,…
DLA Piper tops AM Law 100 ranking
DLA Piper has has been recognized as the world’s largest law firm by revenue and headcount in “The Am Law 100,” an annual ranking published by The American Lawyer. This will be…
Magic Circle 'wasted' £10m on trainees last year
A report by The Lawyer shows that trainee attrition cost magic circle law firms more than £10m between them last year. The report looks at how much each firm invested in training, including the LPC course fee,…
S&P downgrades credit rating for Albany Law School
Standard & Poor’s has downgraded the outlook for Albany Law School, taking the school down from BBB/positive to BBB/stable. The credit rating agency cited lower enrollment and applications, and a resultant 2 per cent…
Five lawyers depart Finnegans to launch IP boutique
Intellectual property law firm Finnegan Henderson Farabow Garrett & Dunner has lost four partners and an of counsel, who have left the firm to launch…
UK firm Thomas Egger to merge with Pritchards
UK law firm Thomas Eggar is set to merge with Pritchard Englefield, creating a combined firm under the name Thomas Egger, with revenues of around £42m. Eggar reported…
Fried Frank announces poor financial results
International law firm Fried, Frank, Harris, Shriver & Jacobson went backwards in its 2012 financial results, with gross revenue dropping by 6.3 per cent…
Merger talks between LG and Irwin Mitchell end
Merger talks between Lawrence Graham and Irwin Mitchell have come to an end, according to a report from…
Akin Gump's new chair to develop London office
Akin Gump has elected Kim Koopersmith to take the role of chairman when current chairman Bruce McLean finishes a 20 year stint in the job, on 1 April. McLean will remain at the firm…
UK law firms lower expectations for 2013
UK law firms are revising downwards on this year’s revenue forecasts, after the strong start to 2012 was followed by less impressive numbers in the following months. Business advisory Deloitte reports that the top…
US firm Winston & Strawn reports flat revenue
US law firm Winston & Strawn has reported revenue growth of just 0.1 percent to $755 million in 2012, while profits per partner increased by 3.5 percent to $1.49 million. These…
Washington DC firm Patton Bogs lays off 65
Washington DC law firm Patton Boggs has laid off 30 lawyers and 35 staffers. The firm responded to a drop in profits by making redundancies in its New York, New Jersey, Washington…
'The tide is out' on the legal services market
Law firms "can no longer rely on a rising tide that lifts all boats," according to a new client advisory from Citi Private Bank's Law Firm Group and Hildebrandt Consulting. "In fact, the tide is out." The report found…
Amarchand leads Indian firms in project finance
A new ranking of law firms released by Dealogic puts Amarchand Mangaldas at the top of the field in India in project finance for the second year running, and gives it a…