Andrew Maloney

Chicago

Reporter covering the Business of Law at American Lawyer

Reporter covering the Business of Law at Law.com

Business of law @AmericanLawyer. Stats, sports, books, music. Be the person your dog thinks you are.

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Articles

Top Wachtell Dealmaker Heads to Latham

1 week ago | law.com | Andrew Maloney

Co-founder Kevin Broyles said the firm could use its distributed model to grow head count to 300 partners by the end of the year, but such a pace would be "reckless."
Kirkland Hires Private Equity Veteran As Its First COO

1 week ago | law.com | Andrew Maloney

Co-founder Kevin Broyles said the firm could use its distributed model to grow head count to 300 partners by the end of the year, but such a pace would be "reckless."
Partners' Capital Contributions Are Expected to Rise as Expenses and Uncertainty Expand

1 week ago | law.com | Andrew Maloney

Transactional practices may be more likely to move away from the billable hour than litigation practices, but experts say the legal industry in general is at a crossroads, where savvy clients are hesitant to pay hourly rates if AI can do the work quicker.
Chicago Attracts Big Law and Midsize Firms for Lateral Moves, Office Openings

1 week ago | law.com | Andrew Maloney

A shift from commoditized products liability work—where much of the science is settled, billing rates are often compressed, and settlement values can be fairly predictable—to more high-stakes, bet-the-company-type litigation, has inspired top firms to take on more work in this space.
Some Law Firms Are Finding Ways to 'Thrive' in 2025 Climate of Uncertainty

1 week ago | law.com | Andrew Maloney

In a meeting with partners this week, the firm chair said that six of the 10 largest matters in the firm over the past month are litigation matters, according to sources.
Lawyer Hiring Slows as Law Firms Evaluate 'A Lot of Moving Parts' in Market

2 weeks ago | law.com | Andrew Maloney

It’s not necessarily a pullback. But law firms have been more measured and deliberate in their hiring lately, according to analysts and new data on job openings across the legal industry. According to a survey of 1,100 firms, new job openings for lawyers, from those at Big Law to midsize firms, fell 32% in May relative to May 2024, analysts at legal recruitment and competitive intelligence firm Leopard stated in a report this week.
Former Simpson Thacher Chair Richard Beattie Dies

2 weeks ago | law.com | Andrew Maloney

Private equity innovator and former Simpson Thacher & Bartlett chair Richard Beattie, a U.S. Marine Corps veteran who also served in two administrations and worked on multiple blockbuster transactions, has died, according to the firm. He was 86 years old when he died Friday.
Former SDNY US Attorney Departs Paul Weiss for Jenner

3 weeks ago | law.com | Andrew Maloney

Jenner & Block has hired Damian Williams, former U.S. attorney for the Southern District of New York, to lead its litigation department and investigations, compliance and defense practice, the firm announced Friday.
With Point Values Rising, Law Firms Fight 'Creeping' Compensation for Some Partners

3 weeks ago | law.com | Andrew Maloney

Law firms have used a variety of tools to get more money for especially high-performers over the last few years. But firms in 2025 are simultaneously looking for ways to battle “compensation creep,” or significantly increased pay for partners who haven’t necessarily increased their productivity or contributions to the firm, but have benefited from the rise of share and point values, several industry analysts say.
The 2025 NLJ 500: Law Firms to Note

3 weeks ago | law.com | Andrew Maloney

After adding more than 10,000 lawyers over the last 12 months, the NLJ 500 now boasts nearly 200,000 attorneys in total, with the average individual firm just a hair beneath 400 timekeepers (396), according to our Law.com Compass data specialists. But a quick glance at the movers and shakers within the cohort displays more than the extent of growth within the industry — it also illustrates the variety.