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Los Angeles Times
28-03-2025
- Business
- Los Angeles Times
Reader Letter for Business of Law Magazine 2023
L.A. Times B2B Publishing is excited to present our third annual Business of Law magazine, covering trends and updates in the industry, recapping the In-House Counsel Leadership Awards, and spotlighting legal visionaries. The articles in this magazine examine a range of topics impacting the business of law – from shifting operational priorities in legal departments to how in-house counsels are responding to changing regulations to new challenges arising from a post-pandemic landscape and more. The In-House Counsel Leadership Awards were held on May 4, 2023 at The Beverly Hilton, where we recognized executive-level in-house lawyers for their leadership skills within their organizations as well as their contributions to the legal field and the community at large. The evening kicked off with a cocktail mixer, was followed by an illuminating panel discussion on adopting AI within the legal profession, and concluded with a dinner and awards presentation. The law firm attorneys profiled in this magazine have exhibited noteworthy achievements within their respective practice areas. Each was considered for their successes and accomplishments achieved in the past 24 months and for innovative strategies to help their organizations and clients avoid risk and leverage opportunities. Congratulations to all of the honorees and visionaries! Also, thank you to our Platinum sponsors, Rutan & Tucker, LLP and University of West Los Angeles, and our Gold sponsors, Nixon Peabody LLP and Waymaker LLP.
Los Angeles Times
26-03-2025
- Business
- Los Angeles Times
Reader Letter for Business of Law 2024
The legal industry is evolving rapidly, and this 2024 Business of Law magazine covers several new trends reshaping law firm operations. A Gartner survey shows legal, compliance and privacy leaders increasingly focus on strategic roles, driving both risk management and business outcomes. AI adoption is rising, with 79% of law firms incorporating it into operations, reshaping billing models and priorities. Despite increased earnings, mid-sized firms face challenges with billing and collections. Partner billing rates are at record highs, but delayed payments persist, while general contract cases are on the rise, signaling increased legal activity. The California State Bar's 'Look Up a Lawyer' tool highlights the need for trust and ethical practices. The legal profession must adapt to tech changes, enhance cybersecurity and uphold ethical standards to succeed in this dynamic environment. We recap the 2024 In-house Counsel Leadership Awards with a photo gallery and a list of the honorees, finalists and nominees. We hope you enjoy reading about their backgrounds, accomplishments and contributions to the legal community over the past two years. Additionally, the magazine recognizes numerous legal visionaries representing diverse areas of practice - from litigation to labor & employment to intellectual property, to name a few. They exemplify transformative leadership while setting new standards in the legal profession. Congratulations to the 2024 In-house Counsel honorees, finalists and nominees, as well as all of this year's Legal Visionaries.
