Tom Borman, LawFuel contributing editor There is more being written about AI and legal tech developments in the law than ever and as the pace of words continues its onslaught, the key emerging realism is that law firms are rapidly changing in the services they offer and the way they are delivered. Legaltech developments and […]
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Milbank has announced the closure of its Beijing office, becoming the 14th U.S. law firm to withdraw from mainland China this year as the firm’s sole partner in Beijing, Shepard Liu, retires and two associates depart. Despite the closure, Milbank has reaffirmed its commitment to the Asian market saying: “We remain very committed to Asia
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Norma Harris, LegalTech contributing writer AI is transforming the way lawyers operate and those embracing the legaltech developments are outperforming competitors who cling to traditional methods. Generative AI is being used increasingly by law firms to streamline tasks such as case screening, demand letter drafting, discovery and document creation, as well as helping with case
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Pogust Goodhead, the high-profile class action specialist law firm co-founded by London barrister Thomas Goodhead (pictured), is reportedly undergoing significant staff reductions, affecting up to 20 percent of its workforce. The firm, known for its ambitious approach to taking on major corporations in large-scale litigation, is facing the challenges inherent in managing massive group claims.
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Slaughter and May has long been a major law firm that does not publish its earnings, which naturally gives rise to major speculation among the legal and business community as to the ‘enigmatic’ law firm and what the partners earn. The Financial Times has recently lifted the veil, suggesting the firm’s profit per equity partner
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Paul Weiss has managed to score two star litigators from Weil Gotshal & Manges in a move that has raised eyebrows among the law firms as the latter firm loses three key partners in a matter of days. This high-profile exodus underscores once again the fierce competition for top legal talent in today’s tough legal
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Tom Borman, LawFuel Big Law contributor Biglaw bonus season is in full swing, with four major firms matching the lofty levels provided by Cravaths and Millbank. Cravath, Paul Hastings, McDermott, and Fried Frank have all announced bonuses ranging from $21,000 to $140,000 for associates. Cravaths kicked off the bonuses with their bonus payments, followed swiftly
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Ben Thomson, LawFuel contributor In a controversial turn of events that underscores the volatile nature of American politics, let alone with its president-elect Donald Trump, Florida Congressman Matt Gaetz stands poised to potentially lead the very department that once investigated him for serious allegations. The proposed appointment has left lawyers in a state of shock,
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Class Action Litigation Funding Moves Tom Borman, LawFuel Contributor Ambitious, class action law firm Pogust Goodhead is seeking additional funding from its financial backers to fuel its ambitious growth plans. This move comes on the heels of a substantial £550 million loan secured earlier this year, which the firm says is the most any law
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Ben Thomson, LawFuel contributing editor Another month, another law merger, this time a $2 billion revenue combination between Herbert Smith Freehills (HSF) and New York-based Kramer Levin. For Herbert Smith Chair Rebecca Maslen-Stannage (pictured) the merger furthers the firm’s US expansion ambitions. The new firm will have 2,700 lawyers and comes on the heels of
