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