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The American Lawyer

'Fake Partners': These Holdout Law Firms Are Sticking With Single-Tier Partnerships

"Some partners feel like lesser-class citizens than other partners" in some two-tier partnerships, noted one Am Law 200 firm leader.
7 minute read

New York Law Journal

Big Law Opts for Smaller but New Space in NY, as Law Firm Leasing Activity Ticks Up

Covington & Burling, which signed for a new office at Hudson Yards, and Willkie Farr & Gallagher, which renewed its headquarters space, are among the big leases lately in Manhattan.
4 minute read

Law.com

The Law Firm Disrupted: More Choices for Lawyers Sick of the Office

"We're past the era where someone has to explain what 'new law' is, the kind of advances it can offer," consultant and recruiter Frederick Shelton said, after an Am Law 200 firm launched a new remote lawyering platform.
5 minute read

The Legal Intelligencer

Faegre Drinker Laid Off Staff in February, Per Leaked Memo

The firm said the cuts affected less than 5% of its total operations and administrative head count.
1 minute read

Delaware Law Weekly

Richards, Layton & Finger Elects New Directors and Counsel

Richards, Layton & Finger announced that it has elected attorneys Cory D. Kandestin, Daniel E. Kaprow, and Kyle H. Lachmund as directors of the firm, and Christine Dealy Haynes, Zachary D. Kmetz, and Kinsey Lenehan as counsel of the firm, effective July 1.
3 minute read

New York Law Journal

2 Midsized Law Firms Ink Merger Operating Agreement

The combined firm will be a "regional legal powerhouse," the firms said, and will be led by current Harris Beach CEO Chris Jagel.
3 minute read

The American Lawyer

Big Law Leader: 'Stay True to Foundational Principles'

Current trends—overpaying at the top, avoiding fundamental change, and allowing culture to take a back seat to money—do not constitute a recipe for long-term success.
4 minute read

New York Law Journal

Lockstep Compensation Isn't Just for the Most Elite Law Firms

"There's no fighting over the origination or billing status," noted one midsize firm leader about lockstep pay.
5 minute read

The American Lawyer

Few Big Law Firms With Single-Tier Partnerships Are Left. They Aren't Talking About It.

Some law firms with a single-tier partnership structure say they aren't moving away from it, at least for now. Still, many single-tier firms don't want to openly discuss their structure.
5 minute read

The American Lawyer

'We Need to Do a Much Better Job': Lewis Brisbois Held Onto Millions in Old Client Funds, Internal Memo Says

The details in an April 2023 memo to the firm's management committee echoed allegations from a recent lawsuit and a 2019 letter to California state labor authorities.
7 minute read

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