McGuireWoods benefited from rate increases and also embraced alternative fee arrangements, including "very significant enterprise-wide flat fee type arrangements" and blended rates, said the managing partner.
4 minute read
Industry experts and recruiters say there are a multitude of data, many individualized, that factor into the "success" of a lateral. And even defining "success" can be tricky, depending on how firms view their attorneys.
7 minute read
Even as the equity tier expanded and the firm's profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe's total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.
4 minute read
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
"One troubling fact was that it was never explained internally, even to partners, why our global C-suite all the sudden departed in a short period of time," Stephen Aschettino said of his former firm. "The reasons for that have never been articulated."
5 minute read
The remainder of the lawyers at Alvarez & Diaz-Silveira discussed joining McCarter with Manuel Fernandez and Alberto Delgado. But instead the firm closed in December, with name partner Pedro Alvarez retiring and two others moving to Polsinelli.
3 minute read