Lawyers

Smaller Law Firms Acquiring More Work
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Make-Money-online

CounselLink, a legal software business in LexisNexis, analyzed $15 billion in legal fees recently, according to the Wall Street Journal. This led to the release of a report that reviewed the billings for 154 United States companies that have revenues from less than $1 billion to more than $10 billion.

These companies have helped law firms dominate the deals market in the United States.

  
What
Where


Last year, the law firms that employ anywhere from 501 to 750 lawyers were the dominant force in the market.

These law firms brought in 52 percent of high-value work and 37 percent of mergers and acquisition fees that were billed to the previously discussed companies in 2013. When you compare this to law firms with 750 or more lawyers, the numbers drop. Firms with 750 or more lawyers accounted for 29 percent of high-value work and 30 percent of mergers and acquisition fees.

“Why do you need to go to some mega-firm when you have a firm like us?” said David Kirkland, chair of the corporate department at Baker Botts LLP.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




In 2013, the average hourly rate for mergers and acquisitions partners at the country’s largest law firms was $706, according to the data from CounselLink. The average hourly rate was $597 at firms that employ between 501 and 750 lawyers.

“They are seeing good enough outcomes that they are willing to do it with really big M&A matters,” said Jonah Paransky, vice president and managing director of product management at the software division of LexisNexis.



Get the best law firm jobs only on LawCrossing.com



 

RELEVANT JOBS

Senior Housing Paralegal

USA-CA-Bakersfield

GBLA is currently accepting applications for experienced Senior Paralegals to work in our Housing un...

Apply now

Domestic Violence Attorney

USA-CA-Bakersfield

GBLA is currently accepting applications for a full-time attorney with 3+ years of knowledge and exp...

Apply now

Housing Attorney

USA-CA-Bakersfield

GBLA is currently accepting applications for full-time attorney’s with 3+ years of experience ...

Apply now

Trademark Paralegal

USA-IL-Evergreen Park

Job details Salary $15 an hour Job Type Part-time Contract Number of hires for thi...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Business and Transactional Associate Attorney

USA-CT-Middletown

Middletown office of a BCG Attorney Search Top Ranked Law Firm seeks business and transactional asso...

Apply Now

Business and Transactional Associate Attorney

USA-CT-Hartford

Hartford office of a BCG Attorney Search Top Ranked Law Firm seeks business and transactional associ...

Apply Now

Business and Transactional Associate Attorney

USA-CT-East Haven

East Haven office of a BCG Attorney Search Top Ranked Law Firm seeks business and transactional asso...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top