For decades, law firms have operated on a relatively stable business model—one driven by billable hours, long-standing client relationships, and hierarchical firm structures. However, today’s legal landscape is […]
Investor Sues Crypto Firm Bakkt Over Alleged Stock Price Deception
Bakkt and its top brass are facing a complaint in Manhattan federal district court over allegations they duped the market with overly rosy projections about the firm’s financial […]
The Law Firm Disrupted: Silence of the Elites
Welcome to the Law Firm Disrupted, a briefing from Law.com editor Dan Packel that surveys new competitive pressures on law firms and how their managers are coping, plus […]
KPMG Shares Goals for US Law Firm
When Big Four accounting firm KPMG decided to seek a license to run a law firm under Arizona’s alternative business structure program, firm principals say the decision came […]
Underlying Malpractice Suit ‘Meets the Low Bar’ of Insurer’s Duty to Defend Chicago Firm, Judge Rules
A federal judge in Illinois sided with a boutique law firm in Chicago this week in a dispute over whether an underlying legal-malpractice suit fell under its insurer’s […]
Lawyers Clamor for Action, but Firm Leaders Slow to Denounce Trump’s Assault on Perkins Coie
Big Law associates are talking about the Trump administration’s executive order targeting Perkins Coie on message boards. In-house counsel and Perkins Coie alumni are authoring LinkedIn posts declaring […]
Firm Guides Rapid Airline Restructuring
It was a rough financial landing, but Spirit Airlines is now flying high as they have announced their exit from Bankruptcy a mere four months after filing for […]
After Perkins Coie Order, Law Firm Leaders Shocked but Public Statements Scarce
After President Donald Trump targeted another law firm for its client representation and ordered a DEI probe of “leading law firms,” a growing chorus of law firm leaders […]
Trump’s SG Pick Reveals 2024 Income, Says He Will Sell Firm, Stocks
President Donald Trump’s nominee for U.S. solicitor general, D. John Sauer, made just over $1.5 million in income last year during the time he represented Trump in his […]
Florida Law Firm Accused of Pocketing $430K in Bitcoin Escrow Scheme
A Florida attorney and his law firm are facing a complaint in Miami state court over their failure to return $430,000 without “legal right or justification” to a […]