News & Events
News & Events
Power Sharing: Law Firms Say It Can Be Nirvana, But Experts See Pitfalls
Lisa Smith is quoted. Experts aren’t fond of two co-managing partners or a committee of equals running a law firm.
Report Finds Steady Pace Continuing for Law Firm Mergers
Cross-Border Combinations Drive US Law Firm Merger Activity to Record Highs
The Cost of Making Partner and How Senior Associates Should Prepare
Published by The American Lawyer Making partner isn’t cheap, and the cost is more than just the years of hard work and stress that associates put in as they reach for the brass ring. View Full Article Making partner isn’t cheap, and the cost is more than...
Law Firm Merger Activity Abroad Highlights First Half Frenzy
Kristin Stark is quoted. Cross-border combinations continued to propel law firm merger activity through the second quarter of 2017.
Law firm practice groups are so… 2015
Is Big Law Hurting Itself by Being Too Soft With Clients?
Kristin Stark is quoted. Should law firms refuse to hand over time-entry data to clients when working on a fixed fee?
Law Firm Compensation and Structures
US-China Legal Exchange Program, George Washington University,Washington DC, June 2017
How ArentFox Schiff Becomes a Serious Contender in the Hunt for New Business and the War for Talent
Lisa Smith, who heads the Washington office of consultants Fairfax Associates, sees the combination as transformative for both firms. “It changes the competitive position of the combined firm significantly—not just from size, but also geographic breadth and practice depth,” said Smith, who is a longtime adviser to ArentFox.
Separation Between Big Law Elites and the Rest Is Intensifying
Lisa Smith is quoted “When we look at the driver of profitability, it really is driven by RPL. The way you get to higher RPL is getting practices that are known-fors and being able to offer a range of services to clients”.
Lateral Hiring is Becoming So Competitive That Big Law Firms are Seeking Mergers Instead
Lisa Smith is quoted “It’s hard to grow substantially when you’re growing organically. It takes longer, is more difficult, and is more expensive,” Smith said.
Law Firm Mergers Lag Pre-Pandemic Levels but 2022 Could Change That
“But Fairfax principal Lisa Smith expects that the pace of mergers will rise next year, as firms look to increase market share and enhance their depth and scale. She’s heard from a number of firms engaged in discussions, and expects that it will be easier to pursue in-person meetings to ease along the process in 2022.”
