By Patrick Smith | March 14, 2024
Amid a string of laterals and promotions, the firm's partnership expanded, with about a 3.5% increase in the equity tier and a 29% rise in the nonequity tier, up to 121 partners.
By Abigail Adcox | March 14, 2024
As the number of equity partners at the firm shrunk nearly 10% to 74, the firm's average PEP was up around 5% to $2.2 million.
The American Lawyer | Analysis
By Dan Roe | March 14, 2024
Gross revenue slid by 3.6% last year, but the firm started March 2024 with 20% more inventory than the previous March.
By Patrick Smith | March 13, 2024
"We did more than our share of capital markets work in the crappiest market we have seen in a long time," said Cooley chair Joe Conroy.
The American Lawyer | Analysis
By Dan Roe | March 13, 2024
A strong year for litigation and disputes combined with a decent year for M&A and sluggish areas of the real estate practice, global CEO Steve Baumer said.
By Andrew Maloney | March 13, 2024
As the firm invested in laterals, the nonequity tier shot up by 11.4%. Meanwhile, average PEP fell by 3.9% to $833,000.
By Patrick Smith | March 12, 2024
The growth, including crossing the $2 billion mark in revenue, comes as Paul Weiss has decided to move to a two-tier partnership and a black-box compensation system for partners, said firm chair Brad Karp.
By Thomas Spigolon | March 12, 2024
The Tennessee-founded firm raised profits while paying down debt from recent expansion.
By Patrick Smith | March 12, 2024
The firm had several outperforming practices in a year in which it saw its first leadership change in almost two decades.
By Abigail Adcox | March 11, 2024
"Ten percent of our revenue came from brand-new clients, [which] we attribute in large part to the merger," firm managing partner Brian Waldman said.
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In Memoriam: Richard "Dick" K. DeScherer (1944-2024) We mourn the loss of our friend and former partner and Co-Chairman, Richard "Dick" K. DeScherer. Dick was a member of Willkie Farr & Gallagher LLP for more than 24 years. He was the consummate business lawyer, wonderful colleague and true friend. He joined the Bloomberg organization in 2012, a client for whom he had served as their principal legal advisor since their inception, and later was appointed as a member of their board. Dick's knowledge and experience were unparalleled, as evidenced by appointment to leadership and board positions at numerous well-respected organizations. He was deeply involved in civic and community engagements through his work with the S.L.E. (Lupus) Foundation, Lupus Research Institute, United Hospital Fund of New York, Lincoln Center for the Performing Arts, National Dance institute, and Baryshnikov Dance Foundation, among others. He received an LL.M. in Taxation from New York University in 1970, a J.D. from Georgetown University Law Center in 1969, and a B.A. from the University of Virginia in 1966. He was a member of the American Bar Association, the New York State Bar Association and the Association of the Bar of the City of New York. We offer our sincerest condolences to his family, including his wife Jennie, son Christopher and wife Amanda, daughter Kate, and grandchildren Emmett, Serena, George, Emily and Madeline. We will remember Dick with the utmost respect, admiration and affection. His loss will be felt by his many friends and colleagues at Willkie, and by all those whose lives he touched.
Congratulations to FLB Law's Newest Partner Matthias J. Sportini
Welcome Judge Joseph Quinn (Ret.) The Honorable Joseph P. Quinn, J.S.C., retired New Jersey Superior Court Judge, served for 23 years in the court s Civil, Chancery, and Family Divisions, where he was a strong proponent of mediation and alternate dispute resolution. As the head of Ansell.Law s mediation practice, Judge Quinn provides a valuable resource to parties seeking a final and efficient resolution of their disputes. ANSELL GRIMM & AARON, PC 732-922-1000 https://ansell.law/