Law Firm Business
BigLaw strategy, revenue, profitability, lateral partner moves, firm mergers, and partnership economics
Norm Law Taps BigLaw Leaders for AI-Powered Practice Expansion
Norm Law appoints ex-Ropes & Gray and Sidley Austin partners to head AI-integrated practice groups, signaling a shift for law firm leaders and legal ops.
Law Schools Shift Programs as BigLaw Hiring Timelines Compress
BYU Law adapts its Academies Program for earlier BigLaw recruitment, signaling a national trend of law schools revamping curricula to meet changing talent demands.
BigLaw Firms Accelerate AI Adoption Under Client Pressure
BigLaw firms are rolling out AI tools in response to client demands, despite ongoing concerns about hallucination risks and major changes to traditional legal business models.
Legal AI Hits Limits: One-Size-Fits-All Tools Miss Seniority Nuances
AI tools are reshaping law firm workflows, but many fail to accommodate attorney seniority differences—hindering adoption and raising governance challenges.
Private Equity Flows Into Law Firms to Fuel AI Investments
Law firms seek private equity to fund growing AI costs as budgets tighten. Regulatory changes, rising adoption rates, and global trends shape the landscape.
Legal Tech VCs Sound Alarm Over Fuzzy ARR Reporting Standards
Legal tech insiders warn that inconsistent Annual Recurring Revenue (ARR) definitions threaten investor trust amid a $5.99B funding surge in 2025.
Am Law 100 PEP, Billing Rate Data Reveal Law Firm Profit, Collection Gaps
New 2026 Am Law 100 rankings show large gaps in partner profits and billing collections, as law firm financial discipline faces tightening client budgets.
Law Firms Ramp Up AI for Billing, Productivity Gains
Law firms rapidly adopt AI for billing and practice management, driving record tech spend and shifting client expectations according to industry surveys and reports.
Florida Court Dismisses Judge Judy’s Defamation Lawsuit Against Tabloid
A Florida judge dismissed Judge Judy Sheindlin’s defamation suit against InTouch Weekly, highlighting the high bar public figures face in defamation cases involving news media.
BigLaw Partner Pay Soars as Firms Report Record Profits for 2025
BigLaw firms announce major partner compensation increases after record profits in 2025, driving trends in legal talent recruitment, retention, and partnership models.
BigLaw Equity Partnerships Shrink as Multi-Tier Models Take Hold
Fewer BigLaw firms maintain single-tier partnerships, with 46% of partners now non-equity. Industry leaders are adapting to new partnership structures and compensation realities.
Court Finds Fake Citations Blamed on AI Were Human Error
A court probe revealed that fake legal citations thought to be AI 'hallucinations' were actually due to human paralegal mistakes, challenging current AI risk narratives in law firms.
Kirkland Becomes First $10B Law Firm, Wachtell Sets Profit Record
Kirkland & Ellis surpasses $10B revenue and Wachtell posts record profits, according to the 2026 Am Law 100 report, reflecting ongoing shifts in U.S. law firm economics.
Morgan Lewis Tops Vault's 2027 Law Firm Quality of Life Rankings
Morgan Lewis claims the top spot in Vault's 2027 'Best Law Firm to Work For' rankings, offering fresh insights for legal recruitment and retention strategies.
Wachtell Tops BigLaw Profits at $6.6M Per Equity Partner for FY23
Wachtell Lipton Rosen & Katz leads BigLaw with $6.6M profits per equity partner for fiscal 2023, outpacing top rivals Quinn Emanuel and Paul Weiss. Key takeaways for legal professionals.
Ashurst, Perkins Coie Partners Approve $2.8B Transatlantic Merger
Partners at Ashurst and Perkins Coie have approved a $2.8 billion merger set to create a top-20 global law firm by revenue and geographic reach.
Vault Reveals 2027 BigLaw Rankings for California Firms
Vault's 2027 law firm rankings spotlight Latham & Watkins and Cooley as California's most prestigious BigLaw firms, with notable shifts in national standing.
BigLaw Survey: Record Salaries, But Associates Log 13-Hour Days
Above the Law data reveals first-years make $225K, while associates at major firms like Milbank average over 13-hour days despite high pay.
BigLaw Cools Hiring Amid Deal Slump and Leans Into Tech Upskilling
BigLaw firms slow hiring as M&A and private equity deals decline, pivoting to litigation, compliance, and tech-driven associate training.
K&L Gates Sued for Firing Manager Soon After Disability Leave
A former K&L Gates IT manager alleges wrongful termination and a hostile work environment linked to her disability leave, raising compliance questions for BigLaw HR leaders.