Wake Up Call: Rising Rates Push Up Against Demand

• Gross revenue at AmLaw 100 firms grew 4.1 percent during 2015’s first six months, but demand only rose 1.7 percent, suggesting that revenue growth came from rate increases rather than new work, according to a survey by Wells Fargo Private Bank’s legal specialty group. The survey found revenue grew only 2.1 percent at firms where profits per partner exceeded $2 million, raising questions on whether those rate increases are sustainable. (American Lawyer)

• A company’s legal department is far more likely than any of its other departments to fall for an email phishing scam , according to Verizon’s new 2015 Data Breach Investigations ...