Law Firm Business
BigLaw strategy, revenue, profitability, lateral partner moves, firm mergers, and partnership economics
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.
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.