Midsize Firm

753 ABA Journal Midsize Firm articles.

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.

Dec 9, 2022 9:10 AM CST

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.

Dec 6, 2022 11:30 AM CST

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.

Nov 18, 2022 9:21 AM CST

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.

Nov 14, 2022 8:46 AM CST

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.

Nov 8, 2022 2:05 PM CST

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.”

Oct 27, 2022 11:06 AM CDT

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.

Oct 20, 2022 10:06 AM CDT

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.

Oct 18, 2022 3:54 PM CDT

Are pushed-back start dates for associates making a comeback? One law firm confirms deferrals

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian has deferred start dates for new associates, a development that prompted Above the Law to wonder whether a trend is in the offing.

Sep 29, 2022 11:37 AM CDT

Picture is ‘generally bullish’ for midsize law firms, new report says

Growth in demand for legal services is greater, on average, for midsize law firms than for the nation’s 100 top-grossing firms, according to a new report by the Thomson Reuters Institute.

Sep 27, 2022 8:42 AM CDT

At least one high-level administrator at a law firm makes $2.7M, survey says

Top-level administrative professionals in law firms make anywhere from $77,000 to $2.7 million in total compensation, according to a recently released survey.

Sep 2, 2022 9:00 AM CDT

Law firms experience downturn in profits in first half of 2022, new survey says

Law firms are experiencing new challenges in 2022 as their profits decreased and expenses increased, according to new data from Wells Fargo’s Legal Specialty Group.

Aug 17, 2022 10:08 AM CDT

ABA project seeks more pro bono attorneys in wake of Supreme Court death penalty decision

The Death Penalty Representation Project offers varying opportunities for mid- to large-size firms, small firms and solo practitioners. Its staff is actively recruiting pro bono attorneys for about two dozen cases at any given time and will hire law students and undergraduate students for semester-long internships throughout the year.

Jul 6, 2022 3:14 PM CDT

Some associates not meeting ‘utilization expectations’ get pay cuts at this law firm

Associates at Steptoe & Johnson who aren’t meeting “utilization expectations” will be getting prorated pay cuts through the end of 2022.

Jun 23, 2022 8:29 AM CDT

These law firms had ‘noteworthy moves’ in head count; which were tops for female, LGBTQ attorneys?

The National Law Journal’s latest list of the top 500 U.S. law firms by head count saw some significant changes in rankings.

Jun 22, 2022 3:36 PM CDT

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