The American Lawyer | Analysis
By Patrick Smith | December 20, 2023
"The overwhelming majority of our colleagues are complying," noted Davis Polk's Neil Barr. "I know not everyone loves it, but from the institution's perspective, we are in a good spot."
The American Lawyer | Analysis
By Patrick Smith | December 18, 2023
The firm's moves are consistent with a slew of large law firms making staff and associate cuts in 2023, as firms focused on efficiency, outsourcing and productivity in a year of declining demand.
By Andrew Maloney | December 13, 2023
"Firms have a greater understanding of new working practices and have revised their approach to their space," according to the latest Citi Hildebrand client advisory.
The American Lawyer | Analysis
By Andrew Maloney | December 12, 2023
Most of the law firms that have confirmed matches to the latest associate salary scale have PEP above $2 million a year and more than $1 dollars in gross revenue.
By Brenda Sapino Jeffreys | December 11, 2023
Finishing up a year when revenue will set a record, Susman Godfrey will pay 'special' bonuses to every employee at the trial firm.
By Patrick Smith | December 11, 2023
In-office mandate adherence will be a factor in overall pay for Simpson personnel, with the firm saying noncompliance could affect compensation, sources said.
By Justin Henry | December 8, 2023
Every year, K&L Gates manages headcount based on "personnel performance, client demand and related reviews," which typically result in "personnel decisions," the firm's representative said in a statement. Leaders declined to comment directly on the cuts.
By Andrew Maloney | December 7, 2023
The average annual growth in income partner classes at some of the most profitable firms between 2017 and 2022 was 13.4%, while at other large, two-tier partner firms, it was 4%, according to a report this week.
By Brenda Sapino Jeffreys | December 5, 2023
Litigation boutiques and other small firms compete for the same top law students as Big Law, so they are likely to move to the new, higher market salary and bonus scales for associates.
By Brenda Sapino Jeffreys | December 1, 2023
The two Am Law 100 firms are the first Texas-founded firms to announce they have moved to the new, higher salary scale set by Cravath Swaine & Moore this week.
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