With clients increasingly seeking fast solutions amid heavy workloads, Kirkland & Ellis LLP has emerged as the leader in delivering top-notch client service to corporate clients, knocking Jones Day out of the No. 1 spot after a six-year run, according to a report released Wednesday.
Paul Hastings LLP has long prioritized growth in its agenda, but since undergoing a leadership transition in 2021, the firm has taken on an ambitious expansion strategy, with new leaders spearheading high-level lateral hires and group acquisitions to capitalize on the rapidly changing legal market while trying to maintain the firm's culture amid growing pains.
Covington & Burling LLP attorneys guided clients through several multibillion-dollar power and utility infrastructure projects and renewable energy investments over the past year, earning the firm a spot among Law360's 2022 Project Finance Groups of the Year.
Lateral hiring at top U.S. law firms declined by about 13% in 2022 from the prior year's strong numbers, according to a report released Tuesday, suggesting that the legal industry job market has normalized after being significantly affected by the COVID-19 pandemic.
Shearman & Sterling LLP is bracing for a tough road ahead after the collapse of its merger deal with Hogan Lovells, which is casting uncertainty over the firm's plans for expansion and strategic growth, according to legal consultants and recruiters.