Nearly 20% of the firms included in The National Law Journal's annual survey of large law firm billing rates last year had at least one partner charging more than $1,000 an hour.
February 26, 2014Karen Sloan
Who's doing what; who's going where
February 25, 2014ALM Staff | Law Journal Newsletters |Here we are in 2014, the number of law firms outsourcing parts of their back-office is increasing and more and more firms are interested in the process as a way to control costs and increase the efficiencies in their back office operation. Why the change? To explain it fully requires one to look at the evolution of the process.
February 25, 2014Rob MatternWhat is the top skill for career professionals in climbing the corporate ladder? It is the ability to sell your ideas and funding requests.
February 07, 2014Allan ColmanFrom hardware to software, change is the rule and attorneys who don't want their offices or firms to be a casualty of advancing technology need to be proactive.
January 31, 2014Sherry KarabinOne of the thorniest issues in selling a law practice involves the issue of goodwill and how to value it. Goodwill is both an accounting term and a qualitative dimension. Understanding both helps the average lawyer better understand the sale of a law practice.
January 31, 2014Ed PollIt's a challenge for many lawyers to find the time to understand the financial side of their practices. At Orrick, Herrington & Sutcliffe, financial education has become a priority. When our lawyers became better equipped to understand the economics of their practices, our firm was able to sustain growth and increase efficiency as well as improve client service across the board.
January 31, 2014Fernando SchreinerAmidst a workforce characterized by rapidly changing demographics, employers and employees are faced with many challenges, including providing a workplace free from harassment and discrimination.
January 31, 2014Paul KehoeData analytics, the same data mining and interpretive analysis used for decades in other professions, is bringing change to the core business side of the legal profession ' and in the process, revealing great potential for increased efficiency, cost-savings and new ways of managing risk.
January 31, 2014Christopher Petrini-Poli and Scott SpringerAs recently as five years ago, law partners charging $1,000 an hour were outliers. Today, four-figure hourly rates for in-demand partners at the most prestigious firms don't raise eyebrows ' and a few top earners are closing in on $2,000 an hour.
January 31, 2014Karen Sloan