Law Firm Business
BigLaw strategy, revenue, profitability, lateral partner moves, firm mergers, and partnership economics
Supreme Court Lets Lower Courts Resist Dobbs, Bruen, and SFFA Rulings
Lower courts are pushing back on Supreme Court decisions—Dobbs, Bruen, SFFA—while justices increasingly decline to enforce their own precedents, affecting litigation strategy.
Law Firms Shift to Structured Business Development Plans for Revenue Growth
Law firms and lawyers are adopting detailed business development plans, abandoning ad hoc tactics to drive measurable revenue and advance careers amid tougher client demands.
Clio Hits $500M ARR as Legal Tech Sees Surge in AI Adoption
Clio reaches $500 million in annual recurring revenue, underscoring legal tech’s rapid growth and AI-driven transformation amid Anthropic’s rising market influence.
Kevin Warsh Confirmed as Federal Reserve Chair Amid Inflation Surge
Kevin Warsh was confirmed as Federal Reserve Chair by a 54-45 Senate vote, taking the helm amid persistent inflation and heightened scrutiny over Fed independence.
A&O Shearman Eyes Nonequity Partner Tier After BigLaw Shift
A&O Shearman is considering a nonequity partner tier, joining a growing number of elite law firms changing their partnership structure in 2024 and 2025.
Shearman & Sterling Loses 8% of Partners as BigLaw Lateral Moves Surge
Shearman & Sterling reports 8% partner attrition—reflecting escalating lateral movement and structural shifts in U.S. BigLaw. Lateral hiring reached a six-year high in early 2026.
Byron Allen Buys 52% of BuzzFeed, Becomes CEO in $120M Media Deal
Byron Allen acquires a 52% controlling stake and becomes CEO of BuzzFeed in a $120M deal, raising regulatory, antitrust, and governance questions for media law professionals.
Texas State Bar Honors 2026 Pro Bono Excellence Award Recipients
The State Bar of Texas recognized outstanding individuals and organizations for exemplary pro bono legal service in civil matters, spotlighting access to justice.
John Quinn Steps Down as Quinn Emanuel Managing Partner After 40 Years
Quinn Emanuel founder John Quinn steps down as managing partner after 40 years, with new co-leaders at one of the world's top litigation law firms.
Keith Maziarek: AI Is Reshaping Law Firm Pricing Models
Legal pricing expert Keith Maziarek explains how AI is driving radical shifts in law firm economics, challenging billable hours and promoting value-based billing models.
Linklaters Debuts Applied Intelligence Practice for Custom AI Legal Solutions
Linklaters launches its Applied Intelligence practice, uniting lawyers and data scientists to develop custom AI tools and workflows for complex legal matters.
A&O Shearman Cuts More Roles Amid Post-Merger Integration
A&O Shearman continues layoffs, reducing business services roles in London following its $3.5B merger, underlining shifting firm structures and BigLaw consolidation trends.
McDermott Will & Schulte Cuts 15 NY Associates After July Merger
McDermott Will & Schulte, formed in July 2025, has laid off 15 New York associates following its top 20 Am Law 100 debut, highlighting post-merger integration challenges.
One-third of lateral partners leave BigLaw within five years
A new analysis shows around one-third of lateral partners exit BigLaw within five years, posing strategic challenges for law firm leaders focused on retention and integration.
Perkins Coie London Pilots AI Avatars to Boost Lawyer Communication Skills
Perkins Coie's London office is testing AI avatars to help junior lawyers develop communication and people skills—marking a new direction in legal training.
Moritz raises $9M to launch AI-driven law firm model
Moritz, an AI-powered law firm, has raised $9M to automate legal work, aiming to cut turnaround times and costs for clients and pressure BigLaw business models.
BigLaw firms unveil new AI teams, tools, and leadership roles
Linklaters, Foley & Lardner, and K&L Gates launch AI-focused teams, tools, and roles to enhance legal services and competitiveness amid rising demand for legal tech innovation.
Am Law Second Hundred Firms Post 10% Profit Growth in 2025
Profits per equity partner in the Am Law Second Hundred surged nearly 10% in 2025, reflecting strong financial performance and evolving competition within mid-tier BigLaw firms.
Private Equity Zeros In on BigLaw’s Second-Tier Firms
Private equity is intensifying its focus on the Am Law Second Hundred, eyeing mid-tier law firms for investment and acquisitions amid strong financial growth.
Kirkland Breaks $10B Barrier as BigLaw Financial Gap Hits Record Highs
Kirkland & Ellis tops $10B revenue in 2025 as top 10 law firms consolidate nearly 20% of global market share, deepening BigLaw's wealth divide.