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Fuel Your New York Growth With Real Estate

Many firms seem to view real estate as secondary in importance after corporate and private equity work when looking to increase profitability. In New York City, however, it is a missed opportunity, and some Am Law firms are proving exactly that. The law firms, Holland...

Reconsidering Lateral Partner Moves After 60

This year’s new partner classes are advancing at a watershed moment in U.S. history: In 2019, U.S. Census data predict, Millennials will replace Baby Boomers as the biggest segment of the country’s population. In raw numbers, among big firm attorneys, Millennials now...

The Myth Behind Lone Lateral Partner Losses

Anyone who works in the Big Law industry has probably heard the myth that lone lateral partner hires are a waste of law firms’ time and money. First, the legend goes, more than half of all laterals fail to meet their new firms’ expectations. Having promised more than...

When a Smaller Firm is the Smarter Choice

These days, among managing partners of Am Law 200 firms, it’s rare that a week goes by without receiving a merger or acquisition offer. Law firms announced a record-breaking 79 mergers and acquisitions in the first three quarters of 2018, according to Altman Weil's...

A Practice Plan of Your Own

Partners in leading law firms excel at guiding clients through business cycles and around the obstacles of corporate disputes, but when it comes to plotting their own careers, many never find the time. They’re so consumed with fulfilling the tasks at hand, and so...

Law Firm Overcapacity? Not in New York

“Equity partners are not busy enough at 51 percent of all law firms,” declares Altman Weil’s 2018 survey on the state of the legal market post-recession. It’s a stinging report, one that depicts a market glutted with “chronically underperforming lawyers” who siphon...

Succession

Ask partners in management at the nation’s leading law firms about what worries them most these days, and you won’t hear them express fears of a market downturn; they’re not losing sleep wondering when the current boom might bust, nor fretting about their strengths in...

How Law Firms Can Prepare for FinTech Wave

The world of financial services is being upended by new technologies—from virtual currencies and blockchain to peer-to-peer lending and enhanced mobile banking—that are capturing customers, as well as the attention of Wall Street investors and industry regulators....