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November 2, 2023 | The American Lawyer
After Stroock's plan A of merging with another firm fell through, their plan B of dissolving the firm and relocating a portion of the firm is playing out.
By Justin Henry
6 minute read
November 1, 2023 | The American Lawyer
Pre-pandemic, large firms were reserved in making changes to their equity partner head count. "But one of the interesting trends we saw in 2022 was there was a significant jump in firms growing equity partner head count," one researcher said.
By Justin Henry
6 minute read
October 31, 2023 | The American Lawyer
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.
By Justin Henry
6 minute read
October 27, 2023 | The American Lawyer
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 | Patrick Smith
5 minute read
October 26, 2023 | The American Lawyer
The firm said it couldn't reach an agreement "that adequately balanced Pillsbury's long-term strategic objectives with the more immediate financial and other risks involved."
By Justin Henry
3 minute read
October 25, 2023 | The American Lawyer
In a letter Tuesday, former COO Jonathan O'Brien's lawyer told Judge Analisa Torres that "the parties are optimistic that they will be able to finalize a settlement agreement within approximately 30 days."
By Justin Henry
3 minute read
October 25, 2023 | The American Lawyer
The New York firm is also considering altering the portion of equity partner pay that comes from firm profits vis a vis bonuses.
By Justin Henry
4 minute read
October 18, 2023 | The American Lawyer
"There seems to be a pressure for firms, by their clients, staff or attorneys, to raise their voices strongly and firmly," one law professor said. "But that gets dangerous as a hair-trigger reaction."
By Patrick Smith | Justin Henry
6 minute read
October 16, 2023 | The American Lawyer
Recruiters say it's unlikely that the high-water mark of 2021 will be surpassed any time soon.
By Justin Henry
4 minute read
October 16, 2023 | The American Lawyer
Fall bonuses will be in addition to the year-end bonuses common at many law firms, according to an internal memo distributed Monday.
By Justin Henry
2 minute read
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Frederick D. Miceli has joined the firm as Of Counsel
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