Increasing demand and especially rising billing rates have made for a strong first nine months of 2025 for the legal industry, according to a report released Monday by Wells Fargo's Legal Specialty Group, with the top 50 firms by revenue seeing the best performance.
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MONDAY, NOVEMBER 17, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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Law Firm Growth Driven Mostly By Rate Increases In 2025

By Emma Cueto

Increasing demand and especially rising billing rates have made for a strong first nine months of 2025 for the legal industry, according to a report released Monday by Wells Fargo's Legal Specialty Group, with the top 50 firms by revenue seeing the best performance.

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Analysis

UK Firms Drive Transatlantic Appetite For M&A Dealmaking

By Aebra Coe and Chris Villani

The merger announced Monday between British legal giant Ashurst LLP and American law firm Perkins Coie LLP is the latest in a spate of deals driven, in part, by an appetite among global firms to gain a strong presence in the U.S.

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Ashurst, Perkins Coie To Form $2.7B Giant In US-UK Deal

By Marialuisa Taddia

The U.K.'s Ashurst LLP and U.S.-based Perkins Coie LLP said Monday that they have agreed to merge to form a new firm with combined revenue of $2.7 billion, the latest in a string of transatlantic law firm tie-ups.

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Women Joining Boards Dips As Transparency Plunges

By Sue Reisinger

Public reporting on the race and gender of board members is plummeting across corporate America, as the number of women directors starts to decline and racial diversity plateaus, according to a new report from The Conference Board.

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Fired Atty Says Debevoise Can't Force Arbitration Of ADA Suit

By Emily Sawicki

An attorney who accused Debevoise & Plimpton LLP of unlawfully refusing to rehire him because he took protected medical leave has urged a New York federal court not to dismiss his suit or send it before an arbitrator, arguing an arbitration provision in an earlier settlement does not apply to new claims.

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Shell Asks NY Court To Approve Challenge Of LNG Arbitration

By Joyce Hanson

Oil and gas giant Shell is urging a New York state court to vacate an international arbitration award issued to a liquefied natural gas firm, saying the arbitral hearing revealed that the American producer and exporter withheld key documents in the parties' fight over LNG cargo shipments.

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EXPERT ANALYSIS

Series

Biz Development Tip Of The Month: Start Early In Your Career

Having the courage to embark on your legal business development strategy early in your career allows you to sooner reap the rewards of a strong network, which in turn can increase the momentum of referrals over the course of your career, says Kristin Housh at Sheppard Mullin.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Ashurst LLP

Bryan Cave

Debevoise & Plimpton

Eversheds Sutherland

HSF Kramer

Kramer Levin

Perkins Coie

Proskauer Rose

Sheppard Mullin

William K. Li Law

Womble Bond

COMPANIES IN TODAY'S NEWS

BP PLC

KPMG International

Major Lindsey & Africa LLC

Repsol SA

Russell Reynolds Associates Inc.

Shell PLC

The Conference Board Inc.

Venture Global LNG

Venture Global LNG Inc.

Wells Fargo & Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Equal Employment Opportunity Commission

International Chamber of Commerce

New York State Division of Human Rights

New York Supreme Court, New York County

U.S. Department of Justice

U.S. District Court for the Southern District of New York

U.S. Securities and Exchange Commission