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04-09-2014

Law Firm Benefits Survey Finds Conflicting Trends

The recently released 2013 biennial Law Firm Survey made by Frenkel Benefits analyzing key trends emerging in the benefit programs of large law firms has found a conflicted picture as law firms keep trying to balance expenses while embracing consumerism.....[more]
04-07-2014

Weil Gotshal Focused on Strengthening European Practice, Hires Bankruptcy Guru

Weil, Gotshal & Manges has wooed restructuring guru and Goldman Sachs star Andrew Wilkinson back to private practice to strengthen the law firm's restructuring practice in Europe. Wilkinson was voted in by partners in the law firm on Friday, 4th April, and he would be joining the firm at its London ....[more]
04-04-2014

Altman Weil’s Law Firm Merger Report Finds Mergers Continuing Flow in First Quarter

Altman Weil's report on "Law Firm Mergers & Acquisitions Q1 2014" is out and it shows law firm mergers continuing, albeit at a slower pace. However, the market is currently more focused on smaller acquisitions rather than on big mergers.....[more]
04-02-2014

Citibank’s Managing Partner Confidence Index Finds Positive Expectations for 2014

The Managing Partner Confidence Index by Citi Private Bank Law Firm Group found the market optimistic for the second quarter in a row in 2014. Leaders at large U.S. law firms expect to sail through the next year without too many barriers - and hopes are high that profits, revenue and demand for lega....[more]
03-31-2014

Survey: Over 81% of Partners Making a Lateral Move in 2013 Happy with Their Compensation

The 2013 Lateral Partner Satisfaction Survey produced by Major, Lindsey & Africa and ALM Legal Intelligence, the research arm of ALM Media, has found that more than 80 percent of law firm partners, who have changed firms at least once, hold the opinion that given the chance again they would have sti....[more]
03-28-2014

New Survey Finds Untapped Potentials for Law Firm Cost Savings in 2014

A new survey on "Trends and Opportunities in Law Firm Outsourcing" has marked a greater inclination for nearshoring and centralization of back office functions, and outlined untapped potentials for cost savings based on data from law firms already successful in implementing better practices. The sur....[more]
03-26-2014

Legal Market Index Shows Drop in Demand for Legal Services, but Rise in Attorney Fees

The latest LegalView Legal Market Index published by TyMetrix shows that corporate clients bought fewer hours of legal services in 2013 compared to 2012, but paid higher rates. While billed hours went down by 1.3 percent, overall rates of attorney fees went up by 1.6 percent. The 5 percent escalatio....[more]
03-24-2014

U.S. Law Firms Dominate Europe M&A Market in Q1 2014

Thomson Reuters' preliminary rankings for Q1 2014 show that the European market grew by more than 37 percent year-on-year as against the Q1 2013 value. While in Q1 2013 the value of the European M&A market was $171.2 billion, in Q1 2014 the value exceeded $234.7 billion. The growth in M&A in Europe ....[more]
03-21-2014

Texas Law Firm Sued for Defamatory Content on Its Website

A Texas law firm has been sued for defamation due to controversial content on its website which the 5th Circuit has now ruled as unprotected speech. The law firm Mauze & Bagby PLLC and principal partners George Mauze and James Bagby were sued by Kool Smiles chain of dental clinics in 2012 at the Hou....[more]
03-19-2014

Sutherland Asbill & Brennan Expands into UK with Merger

Atlanta and Washington DC based energy law firm Sutherland Asbill & Brennan has ventured into the UK through a merger with London-based commodities boutique Arbis. Arbis will rebrand as Arbis Sutherland in the UK market.....[more]