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.
By Patrick Smith | November 7, 2023
"The more significant challenge that leveraged M&A is facing is the breadth of available financing," noted Ethan Klingsberg at Freshfields.
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 Andrew Maloney | November 3, 2023
Some law firms are pausing their promotions of senior associates to partner, and they're telling senior associates to be patient, said Laura Terrell, an executive coach and consultant.
By Patrick Smith | November 1, 2023
Under Ryan's direction, the firm saw its highest revenue year to date in 2022, growing 6.2% from a strong 2021 to $3.68 billion. The U.S. offices accounted for just over $2 billion of that tally.
By Patrick Smith | November 1, 2023
Alessandra "Aly" Simons, after close to 10 years at Goodwin Procter, where she ascended to co-chair of that firm's technology M&A practice, is joining Debevoise & Plimpton.
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.
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