Croke Fairchild Duarte & Beres may still be a smaller firm. But it’s grown quickly, propelled by hires from firms like Kirkland & Ellis and Goodwin as well as an insistence on flexible work at a time when many firms have shifted back toward in-person setups.
Sidley’s entertainment, sports and media group has grown from two lawyers in one office to around 70 lawyers and 38 partners across 18 offices over the last decade.
The fired Perkins Coie lawyer, a counsel at the firm, had criticized Charlie Kirk and the Trump administration in a social media post, after Kirk was shot on Thursday and pronounced dead later that day.
Some firm leaders have confided they’ve seen a dip in demand (countered by rising billing rates) and that the lack of punch in midmarket deals leaves them wondering what could have been.
Some firm leaders have confided they’ve seen a dip in demand (countered by rising billing rates) and that the lack of punch in midmarket deals leaves them wondering what could have been.
Second Hundred law firms have notched higher demand and comparable profit growth as the Am Law 50, without the same level of growth in billing rates as their larger counterparts.
Profitability analysis remains a challenge at some firms, because of the myriad forms it can take, differing views on whether and how it should guide pay decisions, and the concern that it could be disruptive.
Catherine Hanaway, a partner and former chair of the Am Law 100 firm, is headed back to government service after being appointed to serve as the state's next attorney general.
“If the collection lag persists or deepens, then I think we will see firms getting anxious,” said Kristin Stark, a law firm management consultant at Fairfax Associates.
The legal industry may just be in the “eye of the storm,” with costs still rising quickly and clients potentially becoming more cautious with their payments, a new report said.