Law firms face increasing pressure from corporate clients to contain costs, even as firms in some markets are still increasing their billable rates.

These seemingly contradictory findings are contained in two studies analyzing data from in-house legal departments. ...

Six years after Lehman Brothers collapsed and five years after the Great Recession officially ended, Am Law 200 law firms—the 200 top-grossing firms in the nation—are still waiting for something resembling a full recovery. At one level, it appears to have arrived. Last year The Am Law 200 set...

Datacert | TyMetrix, yesterday announced the release of FINRA 4530 Module, extending the company’s governance, risk and compliance software, called Passport GRC, to support brokers and dealers mandatory reports on customer complaints that allege theft, forgery or misappropriation of funds or...

A strong workplace compliance and ethics program offers many benefits for any organization. Such a program defines expectations for employee conduct, creates a safer workplace, improves employee retention, addresses risk in order to protect the company, and — perhaps most important — establishes...

Companies are using entry-level lawyers sparingly, resulting in a 60% drop in billings for first-year lawyers. More senior partners are being used but for less time, which has led to nearly flat revenues for law firms. The figures come from a report by Datacert/Tymetrix which produces a database...

As pressure on pricing continues, Big Law firms are buying (or building) analytics technology and hiring pricing specialists—people who use market data, internal firm data and economics/pricing experience to ensure that firms are smart about bidding on work. The mission: Educate clients about...

Here are some tips for the general counsel on a budget.

Hire senior associates in place of junior partners, especially for matters involving marketing and advertising, mergers and acquisitions and government relations.

When possible, retain lawyers based in New Orleans, Oklahoma...