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By Amanda O'Brien | February 8, 2024
The suit says that income partners and counsel were forced to defer a portion of their annual compensation into the firm's pension plan, despite the pension plan itself not requiring such a contribution, and that money was ultimately commingled with firm operating funds.
4 minute read
By ALM Regional Managing Editors | February 7, 2024
From women leaders claiming dominant roles in Northeast law firms, to one insurance defense firm's business strategy centered around nuclear verdicts and an Am Law Second Hundred firm exceeding top-market bonus pay, midsized firms are making news.
5 minute read
By Thomas Spigolon | February 5, 2024
If midsize firms can't match the top of the market in associate compensation, they should tout other perks to potential recruits, said recruiter Steve Stone. For some, non-financial benefits include earlier access to client contact and work-life balance.
7 minute read
By Amanda O'Brien | January 31, 2024
The six Philadelphia-based firms surveyed by Wells Fargo together increased revenues by 4.7%, compared to a nationwide average of 6.0%.
4 minute read
By By Michelle Foster, Founder & Drew Foster, Managing Director — The Foster Group | January 29, 2024
In response to recent raises to associate base salaries, midsize firms that can't match will reinforce the message that their associates have an accessible and meaningful career path, write Pro Mid Market columnists at recruiting firm The Foster group.
7 minute read
By Amanda O'Brien | January 26, 2024
First-year associates in Philadelphia will earn $195,000 while those in New York and Washington, D.C., will get bumped up to $205,000.
2 minute read
By Hugh A. Simons | January 26, 2024
What makes comp systems so insidious is that they're so hard to change.
12 minute read
By Habiba Cullen-Jafar | January 26, 2024
As US firms match the Cravath scale, domestic UK firms will fear falling too far behind.
4 minute read
By Zack Needles | January 26, 2024
The news and analysis you need to start your day.
4 minute read
By Zack Needles | January 23, 2024
The news and analysis you need to start your day.
4 minute read
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