The American Lawyer | Analysis
By Maria Dinzeo | February 15, 2024
A newly released report from the law firm network Lex Mundi has reinvigorated the age-old debate on the topic.
The American Lawyer | Analysis
By Justin Henry | February 15, 2024
Embracing the nonequity tier, building bigger bonus pools and moving to a "black box" for individual earnings are all on the table.
By Cassandre Coyer | February 14, 2024
Legaltech News sat down with Ed Empamano, Dykema's former chief information officer and the new senior vice president of Consulting and Transformation at K2 Services, to discuss where generative AI will be the most impactful in the legal industry.
The American Lawyer | Analysis
By Andrew Maloney | February 14, 2024
Partner lateral moves fell in 2023 but remained robust, according to data from Law.com Compass. And it's still a fragmented industry, including in lateral hiring.
The American Lawyer | Analysis
By Andrew Maloney | February 14, 2024
"Our talent levels became misaligned with our existing and projected client demand, particularly in our large transactional practices. I take responsibility for this and am truly sorry that those decisions have led to a significant impact on our people today," said Fenwick & West's chair.
By Justin Henry | February 14, 2024
Eliot Relles arrived at Weil, Gotshal & Manges four years ago after serving as co-chair of Schulte Roth & Zabel's finance practice.
National Law Journal | Analysis|News
By Abigail Adcox | February 14, 2024
Even as the equity tier expanded and the firm's profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe's total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.
By Cassandre Coyer | February 14, 2024
Though law firms' structures have long been an obstacle to successful unionization efforts, generative AI could push the legal industry to consider collective bargaining.
By Brenda Sapino Jeffreys | February 13, 2024
Despite growth in its lawyer head count and equity partner ranks, Houston-based Vinson & Elkins also improved its revenue per lawyer by 2.7% and its profits per equity partner by 3.6%.
By Amanda O'Brien | February 13, 2024
The firm previously prepared former Penn president Elizabeth Magill for a December congressional hearing investigating college campus antisemitism. Criticism over Magill's responses ultimately led to her resignation.
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