The American Lawyer | Analysis
By Justin Henry | December 29, 2023
"The big group moves are driven by the stars that are part of those groups," said Macrae recruiter Justine Donahue. "The high rainmakers can command a group to move with them based on their clients and their brand name."
By Habiba Cullen-Jafar | December 28, 2023
The firm's total number of partners and staff costs rose, as it continued to grapple with its pension liability, the latest LLP accounts show.
The American Lawyer | Analysis
By Justin Henry | December 28, 2023
Though firms have different approaches, the momentum in partner compensation is heading toward merit-based rewards to compete for rainmakers and grow profitability.
The American Lawyer | Analysis
By Justin Henry | December 15, 2023
"I've worked with firms who find it difficult because they want the partners to charge X rate and they would lose a third of their business," said Charlotte-based Jordan Abshire, founder and managing member of Abshire Legal Search.
By Andrew Maloney | December 14, 2023
The firm reached $856 million in revenue, and more than $1.9 million in average profits per equity partner, as its equity ranks stayed flat.
The American Lawyer | Analysis
By Justin Henry | December 13, 2023
The profit-sharing plans of both FisherBroyles and a spinoff firm are a departure from the usual practices of distributed law firms.
The American Lawyer | Analysis
By Andrew Maloney | December 12, 2023
Most of the law firms that have confirmed matches to the latest associate salary scale have PEP above $2 million a year and more than $1 dollars in gross revenue.
By Andrew Maloney | December 7, 2023
The average annual growth in income partner classes at some of the most profitable firms between 2017 and 2022 was 13.4%, while at other large, two-tier partner firms, it was 4%, according to a report this week.
By Patrick Smith | December 6, 2023
Proskauer will have an election to fill Steven Ellis' position in January, with the newly elected chair taking the reins in April 2024, according to managing partner Daryn Grossman.
By Andrew Maloney | December 6, 2023
Firms can anticipate a rebound in transactional practices heading into 2024. "As such, we expect 2024 to be a better year than we saw in 2023," said Citi and Hilderbrandt Consulting in a new report.
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