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By Andrew Maloney | Chris O'Malley | November 13, 2023
Some GCs are voicing concerns about further rate hikes after associate pay raises. But Milbank's chair said the salary raises wouldn't have a material effect on its billing rate decisions in the future.
5 minute read
By Andrew Maloney | Jessie Yount | November 8, 2023
The market hesitation was underscored by the lack of immediate, similar moves. Some firms were still waiting on other market leaders to move, sources said.
6 minute read
By Andrew Maloney | November 7, 2023
The internatinal firm's chair pointed to "a very, very busy year" across the firm—one in which productivity was "materially" increased, as well as increasing cost of living.
2 minute read
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.
4 minute read
By Charlotte Johnstone | November 7, 2023
An in-depth survey of nearly 200 UK associates at large law firms has found nearly a third feel morale has dropped over the last year, with emphasis on billable hours, salary disappointment and a 'tough' office culture among the factors responsible.
8 minute read
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.
4 minute read
By Tom Parry | October 11, 2023
Law.com International spoke with silks and senior juniors at the major London commercial sets about the 'beauty pageant' of selection, getting 'screwed' on fees, and the evolving barrister-solicitor bond.
10 minute read
By Aishah Hussain | October 9, 2023
The move means the firm's highest paid partners will receive towards the upper end of what UK Top 50 law firms tend to pay out, ahead of many other mid-market firms.
3 minute read
By Charlotte Johnstone | September 28, 2023
Former insiders spoke of issues around the firm's inflexible lockstep and a perceived lack of global ambition—but the firm's managing partner Edmund Reed explains how these and others matters are being addressed.
8 minute read
By Charlotte Johnstone | September 13, 2023
The firm's aggressive hiring strategy has so far seen 12 arrivals from Kirkland & Ellis, and one from Linklaters.
5 minute read
By Amanda O'Brien | November 20, 2023
"Gross revenue was up 4.5%—even though rates did contribute to that, overall demand was worse," Wells Fargo's Owen Burman said of the Q3 results of six Philadelphia-based firms surveyed by the bank. "In order to have revenue be around the same point, they've basically collected better at this point in the year than other firms have."
5 minute read
By Abigail Adcox | November 20, 2023
Law firms founded in the D.C. region aren't expected to be "leading the charge" in raising associate pay and matching, but they will be heavily influenced by what their peers in New York do.
4 minute read
By Abigail Adcox | November 20, 2023
Wilkinson Stekloff's associate bonuses start at $26,250 for the class of 2023 and top out at $201,250 for the class of 2016 and beyond.
2 minute read
By Chris O'Malley | November 17, 2023
2U Inc., once a stock-market darling, has seen investors flee amid steep losses.
4 minute read
By Dan Packel | November 16, 2023
Whether or not the New York firm opts to match associate raises announced by Milbank earlier this month will have an outsized impact on the behavior of the rest of the market.
4 minute read
By Abigail Adcox | November 14, 2023
Hogan Lovells' Neal Katyal said about a third of his time has been spent with matters related to the court's affirmative action decision, adding that it has taken up a "huge number of hours."
4 minute read
By Adolfo Pesquera | November 10, 2023
"What complicated the case for us is normally when you're asking for attorneys fees, the jury has seen the underlying case. The fruits of that work play out in the courtroom," lead plaintiffs attorney Alan Loewinsohn said.
4 minute read
By Cedra Mayfield | November 9, 2023
"The problem with plaintiff's value-added model is that this calculation does not necessarily bear any relation to the amount of work actually expended in the case between the time of the settlement rejection and judgment," read Fulton County State Court Judge John R. Mather's order.
9 minute read
By Adolfo Pesquera | November 6, 2023
"What complicated the case for us is normally when you're asking for attorneys fees, the jury has seen the underlying case. The fruits of that work play out in the courtroom," lead plaintiffs attorney Alan Loewinsohn said.
4 minute read
By Brian Lee | November 6, 2023
Commissioner Victor Kovner, senior counsel at Davis Wright Tremaine, said it would be "shocking and offensive if not obscene that the judges in our court of general jurisdiction are paid less than a recent law school graduate."
6 minute read
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