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Law Firms Happy to Trade Falling Realization Rates for Strong Rate Increases Image

Law Firms Happy to Trade Falling Realization Rates for Strong Rate Increases

Dan Roe

While some firm leaders pointed to market factors such as economic uncertainty, most indicated that declining realization rates were a price they were happy to pay in exchange for several years of strong rate increases.

Features

Law Firm Offices Continued to Shrink In 2023, But Real Estate Costs Did Not Image

Law Firm Offices Continued to Shrink In 2023, But Real Estate Costs Did Not

Dan Roe

Despite the overall trend of downsizing, about 42% of the 80 Am Law 200 firms increased their real estate footprints in 2023. Proportionally, the downsizing was more aggressive than the footprint growth.

Features

An Early Look: The 2024 Am Law 200 Financials Image

An Early Look: The 2024 Am Law 200 Financials

ALM Staff

As firm financials results stream in, we're covering them firm by firm, as we've always done. You can read those story in this continually updated feed. So bookmark it, check back regularly, and stay tuned for the Am Law 100 and Second Hundred reports coming soon.

Features

AI Needs Its 'Come to Jesus' Moment Image

AI Needs Its 'Come to Jesus' Moment

Brett Burney & ssalkin

It's time to stop the hype, stop talking up AI as if it's the next best thing since sliced bread and prove that it's a useful tool and technology that can actually be used in the actual practice of law.

Features

Sui Generis: Draft Like You Mean It Image

Sui Generis: Draft Like You Mean It

Lydia Pilch

The automatic acceptance of various boilerplate clauses in commercial leases in the face of jurisprudential modernity and evolving legal approaches is dangerous. The evolutionary exploits of a commercial lease aren't done yet, nor should they be.

Features

U.S. Regulators Lift the Curtain on Data Practices with Assessment, Reporting and Audit Requirements Image

U.S. Regulators Lift the Curtain on Data Practices with Assessment, Reporting and Audit Requirements

Alan Friel, David Manek, Sasha Kiosse, David Farber & Colleen M. Yushchak

The assessment and audit requirements of the new generation of state data protection laws will force U.S. companies to move beyond mere window dressing and instead require them to develop fulsome data protection programs.

Features

Revolutionizing Revenue: How 'Invoice to Cash' Innovation Rescues Firms from Billing Woes Image

Revolutionizing Revenue: How 'Invoice to Cash' Innovation Rescues Firms from Billing Woes

Milan Bobde

More and more, firms are understanding that it's the firm's ability to convert its agreed rates through billing and collections to collection realization that really counts. So why is it such a challenge for firms to solve it?

Features

Decoding DOJ's New 'Justice AI' Initiative Image

Decoding DOJ's New 'Justice AI' Initiative

James D. Gatta, Allan J. Medina & Ian Q. Rogers

The DOJ is likely to face many practical challenges and novel issues as it begins coding its own algorithm for AI-related enforcement. This article briefly examines three areas of AI-related enforcement where such practical challenges and novel issues may arise.

Features

NYC Guarantor Liability for Post-Window-Period Rent Image

NYC Guarantor Liability for Post-Window-Period Rent

Cheryl Ginsburg

In Tamar Equities Corp. v. Signature Barbershop 33 Inc., the Appellate Division analyzed whether the Guaranty Law bars recovery from a guarantor where a commercial tenant's default initially arose during the Guaranty Law's window period, but persisted after its expiration.

Features

U.S. Supreme Court Hears Arguments on Whether Copyright Plaintiffs Can Reach Back More Than Three Years for Infringement Damages Image

U.S. Supreme Court Hears Arguments on Whether Copyright Plaintiffs Can Reach Back More Than Three Years for Infringement Damages

Stan Soocher

In a case of first impression, the Eleventh Circuit decided that a copyright plaintiff may recover damages that occur more than three years before a copyright lawsuit is filed.

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