Second Hundred News Today

Law firms returned to profitability in 2023 as “worked rates” accelerated throughout the year, according to the Law Firm Financial Index report for the fourth quarter of 2023 by the Thomson Reuters Institute.

Law firm revenue increased 4.6% through the third quarter of the year, thanks to a hike in billing rates, according to a survey of more that 120 firms by Wells Fargo’s Legal Specialty Group.

The Law Firm Financial Index remained at its six-quarter high in Q3, as industry focus now turns to wringing out a more profitable 2023.

In our ongoing series, we look at how Midsize law firms are managing the delicate balancing act between rising rates and falling realization.

As we continue to examine the Midsize law firm segment, we look at the balance between increasing countercyclical demand and lawyer headcount

As law firms look to increase efficiency and lower costs, they are increasingly exploring outsourcing of support staff roles as a key option.

(Photo by Collection of the Supreme Court of the United States via Getty Images)Were Super Ethical, Trust Me On It: Is anyone else still buying what this guy s

The past year or so has been full of powerful storms and rough seas for much of Biglaw, but when it comes to the Am Laws Second Hundred, 2022 was clea

Cha-ching!

What's a lawyer really worth at these firms? Time to find out.