ABA Journal

Midsize Firm

730 ABA Journal Midsize Firm articles.

Alternative legal services providers hit $20.6B share of legal market, new report says

Alternative legal services providers, or ALSPs, have shown accelerated growth and now make up $20.6 billion of the legal market, according to a report published Tuesday.

Atlanta-based Smith Gambrell’s merger will produce nearly 400-lawyer firm

Atlanta-based Smith, Gambrell & Russell and Chicago-based Freeborn & Peters have announced that they will combine in a merger effective March 1.

BigLaw firm will add about 100 lawyers and bolster fintech regulatory expertise through merger

Orrick Herrington & Sutcliffe is gaining about 100 lawyers through a merger with Buckley, a deal that will create a “financial services and fintech law powerhouse,” the law firms said Thursday.

Firms face year of ‘mixed results and growing uncertainty,’ says new report on state of legal market

Amid economic uncertainty, the legal industry will continue to grapple with shrinking demand and productivity and rising expenses and inflation, according to a report published Tuesday.

Holland & Knight will merge with Tennessee law firm

Holland & Knight has announced a merger with Waller Lansden Dortch & Davis, a Nashville, Tennessee-based law firm with more than 280 lawyers.

Merger will create Southeastern law firm with more than 550 lawyers

Alabama-based Maynard Cooper & Gale and Carolinas-based Nexsen Pruet have announced a merger that will create a law firm with more than 550 lawyers.

CEO Roundtable With Ari Kaplan: Legal services and legal tech CEOs reflect on 2022 and offer perspectives for 2023

Ari Kaplan recently spoke with leading chief executive officers in a year-end CEO roundtable discussion on Zoom.

Law firm revenue growth moderates as expenses grow; top 50 firms see biggest productivity drop

Revenue growth for law firms was “a modest” 4.1% for the first nine months of 2022, compared to growth of 14.7% in the same period last year, according to a client advisory by Citi Private Bank’s law firm group and Hildebrandt Consulting.

Law firms plan big billing rate increases, even as discounts and write-offs proliferate

Planned increases in law firm billing rates have reached a 15-year high, according to Wells Fargo’s Legal Specialty Group.

What most worries law firm business leaders? Cyberattacks, economy and associate pay, new report says

The possibility of cyberattacks is cited most often as a high concern for law firm business leaders, followed by risks caused by high associate salaries and general economic pressures, according to a report released Thursday.

Small law firms have reason for ‘cautious optimism,’ new Thomson Reuters report says

Despite concerns about an economic downturn, many small law firms are bullish about their prospects and expect moderate-to-high growth in the next three years, according to a report published Thursday.

Slowdown signals ‘rocky road ahead’ for large law firms, but midsize firms make gains, Thomson Reuters report says

Law firm profitability slowed in the third quarter of 2022, according to new data released Monday, as large firms faced rising expenses driven by higher wages and overhead costs.

These law firms are shunning Kanye West; one says end to representation wasn’t a firing

Updated: Several law firms are dropping, shunning or no longer representing rapper Kanye West, now known as Ye, following his antisemitic remarks. Ye caused a stir when he tweeted that he wants to go “death con 3 on Jewish people.”

Pay gap between male and female partners narrows to 34%; what is their average compensation?

The average male law firm partner earns 34% more than the average female partner, which is less of a differential than in prior years, according to a survey by recruiting firm Major, Lindsey & Africa in association with Law360.

Madison Square Garden misinterpreted ethics rules when it banned firm’s lawyers from venues, suit says

Updated: The Madison Square Garden Entertainment Corp. violated New York law when it used a “flimsy” ethics rationale to ban nearly 60 lawyers from Madison Square Garden venues, according to a lawsuit filed last week.

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