Law firms
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Milbank LLP has become the latest major U.S. law firm to strike a deal with President Donald Trump, further widening the rift within the legal community over how firms navigate the administration’s pressure campaign against perceived adversaries. On Wednesday, April 2, 2025, Trump announced that Milbank had approached his administration to negotiate an agreement, making…
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A second U.S. federal court has intervened against President Donald Trump’s executive orders targeting prominent law firms, marking another legal setback for his administration’s efforts to penalize firms linked to cases involving him. On Friday, March 28, 2025, Judge John Bates of the U.S. District Court for the District of Columbia granted a temporary restraining…
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A federal judge in Washington, D.C., has temporarily halted enforcement of an executive order issued by President Donald Trump that sought to penalize the law firm Perkins Coie by restricting its access to federal buildings and threatening government contracts for its clients. The ruling, issued Wednesday, March 12, 2025, by U.S. District Judge Beryl Howell,…
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The Thomson Reuters Institute recently analyzed law firm financials and highlighted strong profits in 2024, driven by high demand across multiple practice areas, increased billing rates, and the growth of non-equity partner tiers. However, the report also warns that potential challenges, such as declining demand and rising expenses, could impact profits in 2025. Boost in…
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Kirkland & Ellis Leads Global M&A Advising In 2024, leading U.S. and international law firms capitalized on a surge in M&A mega-deals. Kirkland & Ellis, the world’s largest law firm by revenue, dominated the global mergers and acquisitions landscape, advising on transactions with the highest combined value. According to the London Stock Exchange Group (LSEG),…
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The new year is set to bring a wave of significant law firm mergers across the United States, driving further consolidation in the legal industry. These strategic combinations reflect shifting client demands, market pressures, and a push for broader capabilities. High-Profile U.S. Mergers On January 1, several major law firm mergers will take effect, creating…
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U.S. law firms are entering 2025 with confidence, buoyed by strong financial performances in 2024 and growing opportunities in emerging practice areas. Legal industry analysts from Citigroup’s Citi Global Wealth at Work Law Firm Group and Hildebrandt Consulting, in their latest annual client advisory, highlighted law firms’ positive outlook, driven by revenue growth and strategic…
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A change in presidential administrations always brings shifts for leading U.S. law firms. Corporate clients seek guidance on adjusting to new regulations and navigating evolving policy and business landscapes. Tuesday’s election saw Republican Donald Trump secure a clear victory, giving the GOP a majority in the U.S. Senate and possibly the House of Representatives. Trump’s…
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The burgeoning private credit market is creating significant demand for U.S. finance lawyers, particularly as recent partnerships between banks and non-bank lenders expand opportunities in this sector. With private credit now a $2 trillion market, non-bank lenders are increasingly filling gaps left by traditional banks, benefiting from less stringent regulatory requirements. Prominent law firms are…
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