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Large Law Firm Revenues Climb Despite Dip In Demand

By Xiumei Dong

Even as the demand for legal services fell short of industry expectations, U.S. law firms entered 2025 on solid financial footing, with steady rate hikes fueling an 11.3% jump in first-quarter revenues, according to survey results released Tuesday by Wells Fargo Private Bank.

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    Courts

    Former South Florida US Atty Talks 'Noble History' Of Lawyers

    After prosecuting headline-grabbing cases as the U.S. attorney in South Florida, like that of a man accused of attempting to assassinate President Donald Trump and of a former U.S. diplomat who admitted to spying for Cuba, Markenzy Lapointe is settling back into private practice at Pillsbury Winthrop Shaw Pittman LLP.

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    Daily Litigation

    Cahill Gordon Adds King & Spalding IP Litigation Trio In DC

    Cahill Gordon & Reindel LLP has added a three-partner intellectual property group from King & Spalding LLP for its new technology IP litigation practice in Washington, D.C., the firm said Wednesday.

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    California Pulse

    Foley & Lardner Adds 5 IP Attys From Perkins Coie, K&L Gates

    Foley & Lardner LLP is expanding its intellectual property team in California, announcing Wednesday the addition of five IP attorneys — four from Perkins Coie LLP in San Diego and one from K&L Gates LLP in San Francisco.

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    California Pulse

    Akerman Adds New Director To Boost Workforce Connections

    Akerman LLP has tapped a veteran of Dentons, DLA Piper and ArentFox Schiff LLP to serve as its inaugural director of connections, a position designed to drive innovation and creativity in the firm's distributed workplace.

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    In-House

    In-House Attys Eye Contract Management First For AI Boosts

    Contract management is the most likely legal function to transform through artificial intelligence in the next three years, according to a report published Wednesday by SpotDraft.

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    California Pulse

    4 Skills Gen Z Associates Need To Close The Generation Gap

    As they enter the legal workforce in increasing numbers, Generation Z lawyers need to hone certain skills to thrive in multigenerational law firms, experts say, in many cases shifting how they communicate and build relationships in order to adapt to earlier generations' preferences.

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    Modern Lawyer

    Morgan Lewis' Dallas Office Head Moves To Haynes Boone

    Haynes Boone has landed the former office managing partner of Morgan Lewis & Bockius LLP's Dallas office for its mergers and acquisitions practice group, the firm said in a Tuesday announcement.

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    Legal Tech

    Trust In Legal AI Hinges On Human Oversight, Survey Says

    Many consumers say they think that artificial intelligence could make it more affordable to get legal services amid concerns about the cost of what many view as an "elitist" legal system, though few are ready to let technology take over completely, a survey from Robin AI reported on Tuesday.

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    California Pulse

    New Bowman And Brooke DEI Chairs Talk Diversity In 2025

    Trial firm Bowman and Brooke LLP has named two partners based in Philadelphia and Columbia, South Carolina, as the new heads of its diversity, equity and inclusion committee.

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    California Pulse

    Law Schools Admit More Men, But More Women Are Applying

    Among law school applicants, women have far outpaced men over the past 10 years, yet the admission rate for men has remained higher, according to the nonprofit AccessLex Institute's Legal Education Data Deck released Tuesday.

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