Big Law

Diversification & ‘Power Alley’ Practices Boost McDermott’s Law Firm Revenues and Profits

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The firm just missed breaking the $2 billion barrier McDermott Will & Emery has achieved a strong 9 percent growth in revenue for the year 2022. This financial success is attributed to the firm’s effective implementation of its “power alley” practices and its development of recession-proof work. Although not on LawFuel’s ‘Prestigious Law Firm’ List

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Biglaw Billing Hits The Headlines In Baldwin Shooting Case

The tragedy of the Alex Baldwin ‘Rust’ shooting case has seen the issue of Big Law billing hit the headlines too as the prosecutors and defense attorneys face off in some fiery exchanges that see Baldwin’s potential time behind bars dramatically shortened. The Sante Fe District Attorney, Mary Carmack-Altwies, issued a statement that dropped a

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Shearman & Sterling Lay Off Lawyers As Market Conditions Bite

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Shearman & Sterling have confirmed that they had to let go of 38 employees which include 26 business services team members and 12 associates mainly focused on transactional practices. The New York-based firm says this was necessary to adjust to changing market conditions, which continue to show challenging times ahead, as per the recent Thomson

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