Can Law Firms Hold the Line on Layoffs and Billing Rates in 2023? | The American Lawyer Page Printed From: https://www.law.com/americanlawyer/2023/03/08/can-law-firms-hold-the-line-on-layoffs-and-billing-rates-in-2023/ (Credit: Maxim_Kazmin/Adobe Stock) NEWS “The top 200 firms should hold back on raising rates to fill their shortfall for 2023, as clients are watching and weighing alternatives,” recommends a […]
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Corporate Transparency Act’s Impact on Law Firms
Next year, on January 1 the beneficial ownership information (BOI) reporting requirement imposed by the Corporate Transparency Act (CTA) is scheduled to go into effect. The CTA requires statutorily-created business entities (other than those exempted) to file a BOI report providing personally identifiable information about the individuals who own or […]
LA attorney is accused of blowing $10.2M of law firm’s money at Los Vegas hotel over six months
A Los Angeles attorney is accused blowing $10.2 million of firm money on her possess ‘extravagant lifestyle’ – which included a six-month gambling binge at the Wynn in Las Vegas. Sara Jacqueline King, 39, is currently being sued by her previous employer, British primarily based financial institution LDR Global, for […]
Law firms’ demand slump deepened at the end of 2022. Is a rebound coming?
A new report on legislation firms’ fourth quarter financials is mostly grim But scientists see factors to hope that demand from customers for legal services will decide up (Reuters) – U.S. legislation companies finished 2022 with a whimper thanks to a worsening fall in consumer demand from customers, declining productiveness […]
Jim Adler, Jeff Davis firms subpoenaed in Dr. Sanjay Misra suit
The legislation firms of ubiquitous tv pitchmen Jim Adler and Jeff Davis have been subpoenaed for records in a federal civil situation that alleges a San Antonio physician executed avoidable strategies on sufferers hurt in vehicle mishaps. Condition Farm Mutual Automobile Insurance policy Co. and State Farm County Mutual Insurance […]
Culture Wars Catch Big Law Firms Balancing Client, Staff Demands
When the Supreme Court docket overturned abortion legal rights very last year, Cozen O’Connor’s government chairman quickly dashed off an electronic mail to all people at the legislation company. Cozen would do every little thing required to make certain people get health care, Michael Heller informed them. And the agency […]