The American Lawyer | Analysis
By Andrew Maloney | March 6, 2024
"The movement over the past month has [confirmed that] we're going to continue seeing some of the largest, highest-profit firms have this tremendous recruiting advantage," noted law firm consultant Kristin Stark.
By Patrick Smith | February 22, 2024
Paul Hastings' equity tier grew by 2% while its nonequity tier surged by 14%.
The American Lawyer | Analysis
By Justin Henry | February 21, 2024
Roughly 8% of the firm's $2.07 billion in revenue came in the form of contingency fees, according to Michael Carlinsky, one of three co-managing partners at the firm.
The American Lawyer | Analysis
By Dan Roe | January 10, 2024
Dechert has hiked its rates for a top partner by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.
The American Lawyer | Analysis
By Andrew Maloney | January 3, 2024
Law firms will need to make harder choices if they want to keep up, but many firms are too tepid about where to drill down, noted consultant Kristin Stark.
The American Lawyer | Analysis
By Justin Henry | December 28, 2023
Though firms have different approaches, the momentum in partner compensation is heading toward merit-based rewards to compete for rainmakers and grow profitability.
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 Dan Roe | December 4, 2023
The litigation shop's formula compensation system rewards associates for originating clients and contributing to contingency cases.
By Andrew Maloney | November 21, 2023
Law firms will try everything in their control, such as setting up so-called milestone payments on next year's work or using discounts to incentivize payment of outstanding bills.
By Charles Toutant | November 8, 2023
"I was not in a good place," said a client, who is also a lawyer. "They went through a whole iteration of their knowledge of the [Internal Revenue Code], and ... they seemed knowledgeable."
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