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Features

Top Bankruptcy Partners Rates Are Climbing Image

Top Bankruptcy Partners Rates Are Climbing

Dan Roe

The trend of above-average rate increases began during the pandemic.

Features

Billable Hours Frustrate In-House Attorneys, So Why Aren't They Demanding Alternatives? Image

Billable Hours Frustrate In-House Attorneys, So Why Aren't They Demanding Alternatives?

Hugo Guzman

Alternative-fee arrangements help establish a link between outside counsel costs and the value provided.. Yet, adoption of AFAs remains sluggish — even as outrage over outside counsel hourly rate increases grows.

Features

Best Practices In Building Contingency Fee Practices Image

Best Practices In Building Contingency Fee Practices

Philip Iovieno

There are two major factors motivating firms to move in the direction of more risk sharing and more contingency work. The first is client-driven, the second is basic law firm economics.

Features

Online Extra: Law Firms Doubling Down On Billing Discipline Amid Demand Decline Image

Online Extra: Law Firms Doubling Down On Billing Discipline Amid Demand Decline

Andrew Maloney

Some large law firms are doubling down on billing discipline, as Big Law clients take longer to make payments and the legal industry continues to see demand declines.

Features

Hourly Billing in FTX Bankruptcy Already At Historically High Level Image

Hourly Billing in FTX Bankruptcy Already At Historically High Level

Ellen Bardash

Attorneys and consultants involved in the FTX bankruptcy have asked the District of Delaware bankruptcy court to approve billed hours and expenses totaling just under $37 million for the first six weeks of Chapter 11 proceedings.

Features

Despite Aggressive Rate Increases from Law Firms, Clients Have Room to Negotiate Image

Despite Aggressive Rate Increases from Law Firms, Clients Have Room to Negotiate

Andrew Maloney

Rate increases across the legal industry haven't been as big as the conventional wisdom implies, and clients have more room to negotiate than they probably realize.

Features

Copyright Attorney Fees Ruling in Friday the 13th Termination Case Image

Copyright Attorney Fees Ruling in Friday the 13th Termination Case

Mason Lawlor

The U.S. District Court for the District of Connecticut granted Friday the 13th screenwriter Victor Miller partial attorney fees totaling more than $886,564, in his long-running fight against the 1980 horror film's production outfit Manny Co. over proceeds from the film.

Features

Billing Rates Have Increased, But Not Enough to Beat Inflation Image

Billing Rates Have Increased, But Not Enough to Beat Inflation

Andrew Maloney

Law firm billing rates have increased across all law positions in 2022, but not necessarily enough to keep pace with inflation. That's according to news reports that point to some more challenges for law firm profits.

Features

The Four Legal Sales Strategies Image

The Four Legal Sales Strategies

Eric Dewey

The 'best choice' provider pitch may not be the optimal sales strategy. It's better to adjust to where the prospect is in their buying decision process — whether that means they are looking for providers, they are studying the situation, they already have counsel, or they have decided not to address the issue.

Features

Midlevel Survey Shows What Law Firms Are Getting Right — and Wrong Image

Midlevel Survey Shows What Law Firms Are Getting Right — and Wrong

Dan Roe

Midlevel associates aren't less willing than their predecessors to do the brain-bending amount of work. It's that after two years of billing massive hours through an isolating global pandemic, they're completely disloyal to the status quo. They kept firms going, they made partners rich, and now they plan to reshape the profession in their image.

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