Growth

Explosive Growth in ‘Nuclear’ Jury Awards Reflects Escalating Public Frustration in the U.S.

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New York – In recent years, the frequency of colossal jury awards, colloquially known as “nuclear verdicts,” seems to be mirroring a notable rise in societal frustration and anger across the United States. These verdicts, often exceeding $10 million, have raised eyebrows in the legal community and stirred debates regarding the justice system’s susceptibility to public sentiment. Legal analysts suggest that these unusually large jury awards could reflect a broader societal shift. As Americans report feeling more disillusioned and distrustful of institutions, their sentiments appear to be spilling over into jury boxes. Jurors are not … Read more

Law Firm Cuatrecasas Achieves Record-breaking Turnover in 2023, Experiencing Phenomenal Growth

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Spanish law firm Cuatrecasas achieved record-breaking revenue in 2023, with a consolidated turnover of €388.7 million. This marks a 10.2% increase compared to the previous year, highlighting the firm’s continued growth and success. The firm’s revenue in Spain alone reached €309.7 million. Over the past decade, Cuatrecasas has experienced remarkable growth, with accumulated revenues increasing by 52.2% or an impressive €133.3 million. In terms of team expansion, Cuatrecasas welcomed 396 new members in 2023. Of these, 68% joined as lawyers, while the remaining 32% joined various other groups within the firm. The majority of the … Read more

Tornillo Port of Entry to Remain Open for Commercial Truck Traffic, Boosting Trade and Growth in the Region

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EL PASO, Texas – The commercial cargo lanes at the Marcelino Serna Port of Entry in Tornillo, Texas, will remain open for truck traffic indefinitely, according to El Paso County Judge Ricardo Samaniego. The decision by U.S. Customs and Border Protection to extend truck inspections beyond the March 31 deadline was communicated to local government officials and border industry stakeholders on Thursday. Samaniego shared this information with Border Report. Currently, only around 50 trucks cross the port each day, but the traffic volume is gradually increasing. The decision to keep the commercial lanes open was … Read more

Am Law 100 Firms See Impressive Growth in Income Partner Ranks, Pushing Nonequity Partnerships to New Heights

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Law firms in the Am Law 100 are experiencing significant growth in their income partner ranks, with double-digit percentage increases in 2023. According to early reporting on the Am Law 200 financials, several prominent firms saw substantial growth in their nonequity partner tier. Among the firms with the largest percentage gains were Milbank, Gibson Dunn, and Fried Frank. While some of these firms started with lower nonequity numbers, their intentional and targeted growth aims to improve retention within this partner tier. This surge in nonequity partner growth comes after a significant number of law firm … Read more