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February 02, 2024 | The American Lawyer

Cravath Enters Modern Era of Big Law Amid Regular Rate of Partner Exits

"The tweaking of their model may have stopped some people from leaving, but they don't seem to be leveraging the other aspect of breaking lockstep to expand and grow," noted one observer.
8 minute read
February 01, 2024 | The American Lawyer

Milbank Leaders Praise Non-Equity Partnership Tier Amid London Growth

The firm's famously high NQ pay is "indirectly demanded" by clients, London co-managing partner Andrej Wolf said.
4 minute read
February 01, 2024 | National Law Journal

Former FTC Commissioner Christine Wilson Joins Freshfields

Wilson, known for slamming FTC Chair Lina Khan in a public resignation letter, has joined Freshfields, where the firm said she will work with "senior executives and boards of directors" to navigate regulatory regimes.
4 minute read
January 29, 2024 | The American Lawyer

Will Allen & Overy, Freshfields, Clifford Chance and Linklaters Find America's Streets Paved With Gold?

International law firms have been launching offices in the U.S. and paying top dollar for talent in the world's largest and most lucrative legal market. But growth potential exists elsewhere and firms shouldn't give the rest of the world short shrift, writes The Global Lawyer.
9 minute read
January 29, 2024 | The American Lawyer

Milbank's Revenue Jumps 18% as Profits Soar 19% and Nonequity Tier Grows

The firm's 18.6% jump in PEP to $5.114 million occurred as Milbank saw a 51% expansion in its nonequity tier.
5 minute read
Law Journal Press | Digital Book District of Columbia Legal Malpractice Law 2024 Authors: Shari L. Klevens, Alanna G. Clair View this Book

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January 29, 2024 | Pro Mid Market

How Midsize Firms Can Compete In Wake Of High Payouts For Associates

In response to recent raises to associate base salaries, midsize firms that can't match will reinforce the message that their associates have an accessible and meaningful career path, write Pro Mid Market columnists at recruiting firm The Foster group.
7 minute read
January 26, 2024 | The Legal Intelligencer

Cozen O'Connor Announces First-Year Salary Increases in Phila., New York and Washington

First-year associates in Philadelphia will earn $195,000 while those in New York and Washington, D.C., will get bumped up to $205,000.
2 minute read
January 26, 2024 | The American Lawyer

Pressure on UK Law Firms as US Competitors Raise NQ Pay Again

As US firms match the Cravath scale, domestic UK firms will fear falling too far behind.
4 minute read
January 24, 2024 | Law.com

Lawyers Detest Law Firms' Overemphasis on Profitability: The Morning Minute

The news and analysis you need to start your day.
4 minute read
January 22, 2024 | The American Lawyer

Davis Polk Lures Another Cravath Partner, Adding M&A Litigator

Rory Leraris is at least the fourth Cravath partner who Davis Polk has hired in the last few years.
2 minute read

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