The American Lawyer | Analysis
By Andrew Maloney | November 15, 2023
"It's a bit telling of how the overall market is kind of feeling at the moment. There's going to be a lot of variability in how firms perform this year," noted New York legal recruiter Scott Yaccarino.
By Patrick Smith | November 13, 2023
Wilson Sonsini's Michael Nordtvedt noted that boards and management teams are "leaving optionality for IPOs in the second half of 2024."
By Patrick Smith | November 7, 2023
Ed Herlihy and Daniel Neff will remain on the firm's executive committee.
By Justin Henry | Patrick Smith | November 7, 2023
Cravath has been approaching counsel-level attorneys about joining its non-equity tier since at least last summer, according to one Am Law 50 firm leader.
The American Lawyer | Analysis
By Jessie Yount | November 6, 2023
Associate staffing shortages are creating acute frustrations among litigation partners, but it may be an uphill battle to find and hire the right associates to dissolve the tensions.
The American Lawyer | Analysis
By Justin Henry | October 31, 2023
The decision to add a non-equity tier is often a play to compete for senior associate and counsel-level talent by offering the title of partner without diluting shares of the firm's equity, so firms can continue to pay for top-performing talent.
The American Lawyer | Analysis
By Andrew Maloney | October 30, 2023
"There's a lot of people trying to play a little bit of catch-up, and they'll run out of opportunity runway if there's a recession," said Mark Medice, a principal at LawVision and law firm consultant.
The American Lawyer | Analysis|News
By Justin Henry | Patrick Smith | October 27, 2023
The partner moves from Stroock amount to more than half of its partnership, creating an even more bleak future for the New York law firm that was founded nearly 150 years ago.
By Justin Henry | October 25, 2023
The New York firm is also considering altering the portion of equity partner pay that comes from firm profits vis a vis bonuses.
By Patrick Smith | October 24, 2023
"There may not be many mega-deals left, but we are likely to continue seeing consolidation in the industry," observed Luis Gomar, partner at Paul Hastings.
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