Law Firm Business
BigLaw strategy, revenue, profitability, lateral partner moves, firm mergers, and partnership economics
Moritz Raises $9M for AI-Powered Legal Platform Expansion
Moritz, an AI-native law firm, secured $9M in seed funding led by Y Combinator and 20VC to expand its global legal services platform and talent network.
Harvard Law Faces Backlash Over Brad Karp Appointment Amid Epstein Ties
Brad Karp's Harvard Law role sparks student protests, highlighting tensions over leadership ethics after revelations about his Epstein connections.
Law Firm Leadership Overhauls Drive Revenue and Attorney Growth
Legal podcast and major law firms spotlight how changes in leadership roles fuel attorney and revenue growth, impacting firm culture and competitive advantage.
Mid-Sized Law Firms Surge With Strong Growth and AI Adoption in 2025
US mid-sized law firms saw robust growth in 2025, leading in litigation, revenue, and AI adoption. Firms shifted to predictable pricing and ranked high in competitiveness.
BigLaw Partner Roles Shift Amid Hiring Boom and Billing Surge
BigLaw partners face new demands as lateral hiring hits a six-year high and billing rates soar, with non-equity tiers and delayed collections reshaping firm dynamics in 2026.
Sarah Clower Keathley Elected President-Elect of State Bar of Texas
Sarah Clower Keathley is the new president-elect of the State Bar of Texas after winning a closely contested election. She will assume the presidency in June 2027.
AI Reshapes Law Firm Billing and Workflow Models
AI adoption prompts law firms to shift away from billable hours and rethink pricing, staffing, and firm economics. Analysis reveals shifting profit and cost patterns.
Diverse Law and MBA Cohorts Linked to Higher Starting Salaries, Study Finds
A Nature study finds law and MBA graduates from racially diverse classes earn up to 3% more in starting salaries, adding weight to arguments for diversity initiatives.
Slaughter and May Rolls Out Harvey AI Across All Practice Areas
Slaughter and May adopts Harvey AI firmwide, joining a trend among Magic Circle firms turning to AI platforms to boost legal efficiency and service.
BigLaw Partner Profits Jump at Proskauer, Crowell, and Latham in 2025
Major law firms saw profits per equity partner climb in 2025 as Proskauer Rose, Crowell & Moring, and Latham & Watkins posted industry-leading financial results.
King & Spalding Prioritizes AI Training Amid Client Pressures
Law firm leaders at King & Spalding roll out attorney training to reduce AI mistakes as client demand for responsible AI use and efficiency grows across the legal industry.
Ex-KPMG Tech Chief Ushers in AI Automation at Three Points Law
Usman Wahid, former KPMG tech legal head, joins Three Points Law as partner and launches AI automation. The move signals Big Four digital expertise driving law firm innovation.
Kirkland & Ellis Clinches Top Spot in 2025 Am Law 100 Rankings
Kirkland & Ellis posted nearly 20% revenue growth to top the 2025 Am Law 100, reshaping client and talent dynamics across the BigLaw landscape.
Court Lets Ex-Joe Gibbs Racing Exec Work for Rival Despite Noncompete
A federal judge allows former Joe Gibbs Racing director Chris Gabehart to stay at Spire Motorsports, setting a precedent for noncompete enforcement in sports and automotive sectors.
AI-Led Law Firms Challenge Traditional Models with Fast Flat-Fee Services
AI-native law firms like General Legal and Eudia are launching in 2025, offering flat-fee, rapid-turnaround legal services—prompting both law firms and clients to rethink speed and costs.
BigLaw Rent Crunch: Associate Moves Home as Attrition, Costs Soar
A Los Angeles BigLaw associate moved back home due to high rents, underscoring rising attrition and multi-million-dollar turnover costs for law firms.
Global Law Firms Unite to Drive AI Innovation in Legal Tech
Hogan Lovells, Cadwalader, and over 15 global law firms launch an AI-focused alliance to develop technology, set standards, and train lawyers for the future of legal services.
AI Efficiency Creates New Business Development Hurdles for Law Firms
AI adoption boosts law firm efficiency but exposes gaps in business development and revenue models. Leaders must rethink strategy to sustain growth amidst rapid change.
AI Drives Shift in Legal Business Models, Says DayTwo Founder Chaduteau
DayTwo’s Olivier Chaduteau and legal experts outline how AI is dismantling the billable hour and pushing law firms toward value-based, tech-enabled business models.
Only 22% of Law Firms Have a Formal AI Strategy, Study Finds
A Thomson Reuters report finds just 22% of law firms have a formal AI strategy, with billions in potential savings left untapped by slower adoption.