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February 9, 2024 | The American Lawyer
After profits per equity partner dipped by 5.7% in 2022, they climbed by 6.6% in the last year, according to data from Citi's Global Wealth at Work Law Firm Group.
By Justin Henry
5 minute read
February 5, 2024 | The American Lawyer
Given the cost and technical expertise required to develop large language models, it's not surprising the majority of firms interviewed by The American Lawyer are relying on tech vendors with pre-existing clout in the industry.
By Justin Henry
10 minute read
January 29, 2024 | The American Lawyer
At least 41 of the U.S.'s highest grossing firms are putting the much-discussed technology to use, exploring opportunities for legal work and on the business side of operations.
By Justin Henry
10 minute read
January 23, 2024 | The American Lawyer
Stephen Volk spent a decade as senior partner at Shearman & Sterling. After retiring from the firm, he held tenures as vice chairman and chairman of Credit Suisse First Boston and vice chairman of Citigroup.
By Justin Henry
2 minute read
January 18, 2024 | The American Lawyer
"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."
By Justin Henry
5 minute read
January 16, 2024 | The American Lawyer
"It is so much easier to keep people happy when they can't see someone is making more than them even though they have more in originations," said Jeffrey Lowe, recounting the message he hears from firms with opaque compensation models.
By Justin Henry
5 minute read
January 11, 2024 | The American Lawyer
The adoption of a nontransparent pay system comes as firm leaders seek to reduce internal tensions as the spread of compensation expands.
By Justin Henry
3 minute read
December 28, 2023 | The American Lawyer
Though firms have different approaches, the momentum in partner compensation is heading toward merit-based rewards to compete for rainmakers and grow profitability.
By Justin Henry
9 minute read
December 26, 2023 | The American Lawyer
Plaintiff Zoya Kovalenko's original complaint against drew notice for inadvertently including comments that highlighted perceived weaknesses in her argument.
By Justin Henry
5 minute read
December 19, 2023 | The American Lawyer
"We're going to be working with [Thomson Reuters] on a whole suite of AI-powered tools," said chief knowledge and management and practice services officer Colleen Nihill. "Because of Morgan Lewis' depth and breadth across multiple geographies, I think they saw us as being well suited to all different use cases."
By Justin Henry
5 minute read
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The Texas Lawyer honors attorneys and judges who have made a remarkable difference in the legal profession in Texas.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS