The California Supreme Court approved a much-anticipated plan by the state bar to switch to a new licensing exam that will be delivered both remotely and in-person starting in February.
The FTC and DOJ have introduced new rules altering the filing process for companies pursuing mergers, demanding a substantial increase in documentation and information about competitive overlaps, supplier relationships, and deal rationales.
A growing number of top law firms have set minimum earnings expectations for their equity partners, with top firms setting targets at $5 million to $7 million in business each year
The Federal Trade Commission appealed a Texas federal judge’s ruling that blocked its near-total ban on worker noncompete agreements. The appeal will now move to the U.S. Court of Appeals for the Fifth Circuit.
Big Law firms will likely continue to increase billing rates at a significant clip in 2025, following a similar upward trend reported this year, when 60% of firms increased worked rates by 6% or more, according to the 2024 Strategic Pricing Survey from LawVision.
The U.S. Federal Trade Commission adopted a final rule, called the “click to cancel” rule, requiring businesses to make it as easy to cancel subscriptions and memberships as it is to sign up.
Most law firms are taking steps to ensure they capitalize on the rapid advancements in AI, but have different views on how the technology will impact legal jobs in the next five years, a survey shows.
Even as top law firms have reached new revenue and profitability peaks, between 10% and 30% of partners are making less money year to year, as firms focus on retaining top performers.
