Law Firm Business
BigLaw strategy, revenue, profitability, lateral partner moves, firm mergers, and partnership economics
Judge Richard Posner, Law and Economics Pioneer, Dies at 87
Legal scholar and Seventh Circuit Judge Richard Posner died at 87, known for pioneering law and economics and shaping federal appellate law.
Weil Gotshal Partners Vote to Shut Down Nearly Century-Old Firm
Weil Gotshal & Manges partners vote to wind down operations after partner defections and failed merger talks, signaling major BigLaw disruption.
AI-Native Firms Bid to Acquire Weil Gotshal’s Data and IP Assets
AI-native law firms Crosby, Scissero, and Vetta bid to acquire Weil Gotshal’s data, IP, and lawyers, challenging traditional law firm asset models.
AI Law Firm Crosby Bids to Acquire Assets of Weil Gotshal
Crosby has bid to acquire assets of dissolving Weil Gotshal, signaling shifts in BigLaw strategies and legal tech integration.
Netflix Cuts 1,000 Jobs, Including Legal Team, Amid Restructuring
Netflix reduces workforce by about 1,000 jobs, impacting legal roles and signaling shifts for legal services in media tech sectors.
Ex-A&O, Freshfields Lawyers Launch AI-Powered European Law Firm
Falcon launches as AI-driven European law firm with fixed fees, targeting SME contract reviews and disrupting hourly billing models.
BigLaw Boosts AI Use but Holds Firm on Billable Hour Fees
Despite 70% of US law firms adopting AI and a 9.7% tech spend increase, BigLaw resists fee changes amid client pressure.
California Man Pleads Guilty to Santa Maria Courthouse Bombing
Nathaniel McGuire pleaded guilty to federal charges in the 2024 Santa Maria Courthouse bombing that injured five and targeted law enforcement.
AI-Native Law Firms Are About Business Model, Not Just AI Tools
LegalTech Connect's 2026 AI Native Law Conference defined AI-native law firms by business model and data use, not just AI tool adoption.
Midsize Law Firms Lag in Rate Hikes and Tech Spending in Early 2026
Midsize law firms raised worked rates 5.3% in Q1 2026, behind large firms' 9.8%, with slower tech spending amid low attorney utilization.
60% of Legal Professionals Report Poor Mental Health in 2025 Survey
A 2025 LawCare survey reveals 60% of legal sector workers report poor mental health amid long work hours and sleep disruption, risking turnover.
Judge Denies Bail for Ex-Real Estate Investor Luke Brugnara Again
Luke Brugnara's third bail request rejected over $350K bond doubts, spotlighting judicial risk assessments in high-profile cases.
ArentFox Schiff Launches FoxAI, Blending Top AI Tools to Boost Legal Work
ArentFox Schiff introduces FoxAI, integrating Harvey, Microsoft Copilot, and DeepJudge for improved legal service efficiency.