Practice Finance - ABA Journal

Practice Finance

185 ABA Journal Practice Finance articles.

What happened at Weil Gotshal? Could tech help other firms avoid that fate?

How did a law firm like Weil, Gotshal & Manges end up joining the others on the dustheap? And could technology play a role in helping other firms avoid such a fate in the future?

Nov 11, 2026 9:17 AM CST

As Clio moves forward, it remains focused on an age-old problem facing lawyers

As Clio continues to reinvent itself and expand its offerings, evolving from a practice management platform for small and solo law firms to a generative artificial intelligence multibillion dollar juggernaut hoping to serve all lawyers on all facets of their practices, it keeps going back to an age-old problem that has bedeviled attorneys for years: How can they find more hours to bill per day?

Oct 27, 2026 3:21 PM CDT

Hourly billing remains dominant among small, midsize firms, new 8am data shows

Hourly billing is significantly outpacing flat fee arrangements at small and midsize law firms, despite widespread predictions about the death of the billable hour, according to new data from professional business platform 8am.

Oct 22, 2026 9:14 AM CDT

Federal judge balks at lawyer’s $3K hourly rate

A California federal judge has called one lawyer’s hourly rate “patently unreasonable” in a case involving Google’s voice-activated assistant.

Oct 16, 2026 10:34 AM CDT

Ropes & Gray allows more attorneys to count AI testing toward billable hours

Ropes & Gray is expanding opportunities for its lawyers to test artificial intelligence and count that time toward their annual billing requirements.

Oct 9, 2026 10:14 AM CDT

Kirkland & Ellis will no longer share financial performance with media

Kirkland & Ellis has decided to stop sharing its financial information with the American Lawyer and other publications that report on the business of law.

Oct 8, 2026 10:28 AM CDT

New law in this state targets foreign litigation funding

Ohio is cracking down on third-party litigation funding by banning investments from international funders, a move that could prevent larger funders, such as Burford Capital and Omni Bridgeway, from financing litigation filed in the Buckeye State.

Sep 30, 2026 9:57 AM CDT

Legal teams increasingly use AI but worry about its cost, new report shows

The use of artificial intelligence has continued to grow in the legal industry over the past year, according to a new report from e-discovery company Disco.

Sep 30, 2026 9:43 AM CDT

California toughens penalties for lawyers who pay people to recruit clients

California has increased its punishment for lawyers who pay people to help them recruit clients, adopting a new law that imposes a $25,000 penalty for each violation and requires the State Bar of California to seek disbarment of offenders.

Sep 29, 2026 9:42 AM CDT

Legal professionals feel ‘miserable’ over admin tasks, new 8am report shows

Nearly 40% of legal professionals estimate losing four or more hours of billable work each week because of administrative tasks, according to new data from professional business platform 8am.

Aug 31, 2026 8:01 AM CDT

Is lockstep associate pay falling out of favor?

More BigLaw firms are paying their associates different salaries depending on their performance and location, while others are offering customized bonuses, sign-on incentives and forgivable loans to attract top junior lawyers.

Aug 26, 2026 10:14 AM CDT

BigLaw firms perform well across the board but see challenges with collections, new Wells Fargo data shows

BigLaw firms have continued to perform well through the first half of 2026, with revenues increasing 12.4% because of accelerating demand, billing rate growth and increased productivity, according to new data from Wells Fargo’s Legal Specialty Group.

Aug 25, 2026 12:20 PM CDT

Milbank is latest law firm to make moves into this city

Milbank has hired the co-chair of White & Case’s global project development and finance practice to help lead its new location in Chicago.

Aug 25, 2026 9:43 AM CDT

BigLaw firms see uptick in demand, expenses, new report shows

In the first six months of 2026, BigLaw law firms have experienced “rare” growth in demand and double-digit gains in revenue, according to a new Citi Global Wealth at Work Law Firm Group report.

Aug 18, 2026 10:18 AM CDT

Goodwin Procter unveils AI-enhanced tool for venture capital funding

Goodwin Procter has unveiled its own artificial intelligence tool for venture capital financing.

Aug 14, 2026 1:31 PM CDT

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