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Partner Pay Spread Condensed Across Big Law, as Head Count Rose and Profits Shrunk
Still, several Am Law 50 firms widened their spread of equity partner pay, including DLA Piper, Goodwin and McDermott.
Young Lawyers Want Ted Lasso as Their Leader, Not Bobby Knight. Will They Get Them?
Recent examples like the Paul Hastings slide show that Big Law often talks tough like old school coaches like Bobby Knight, even as studies show that open communication and a psychologically "safe" environment are competitive advantages for businesses.
Shearman's Financial Issues Mount, Sources Say, But New Leader Sees Path Forward
Senior partner Adam Hakki noted that while 2023 will be a transition year, many of the firm's practices are thriving and partners are being paid "consistent with our long-standing profit distribution practices."
Kirkland and Paul Weiss Take Growing Share of Corporate Bankruptcies This Year
As bankruptcy filings tick up, a small group of law firms are winning most of the major debtor-side work.
Schulte Rides Private Capital Work to 8% Revenue Growth as PEP Takes Slight Dip
The firm's two largest practices, investment management and litigation, were up 17% and 25%, respectively, Schulte said.
Law Journal Press | Digital Book
District of Columbia Legal Malpractice Law 2024
Authors: Shari L. Klevens, Alanna G. Clair
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After Top-Line Gains, Missouri Law Firms Seek More Scale
Several firms based or founded in Missouri had double-digit gains in revenue, while profit growth was more of a mixed bag.
Kirkland's Latest Cuts Targeted Even Busy Associates
"These were not layoffs," a spokesperson for Kirkland said of the cuts, which impacted attorneys in California, Salt Lake City, Chicago and Texas. "These were performance-based decisions resulting directly from our attorney review process, just like we do every year for all attorneys at all levels."
Shearman and Hogan Lovells Call Off Merger Talks
"After careful consideration, we have mutually agreed that a combination at this time is not in the best interest of either firm," said a joint statement from the firms.
Big Law Layoffs May Continue in Light of 'Uncertainty Lying in Wait'
Shearman and Davis Wright's layoffs are "not going to be the end of the story," said Georgetown's Jim Jones.
No Clear Winner in Faceoff Over Outside Counsel Fees
"While cracks may be emerging here and there, it's been a very good time to be outside counsel," said Jason Winmill, managing partner of in-house consultancy Argopoint.TRENDING STORIES
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