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May 28, 2024 | Corporate Counsel

Former GE Legal Chief to Join Paul Weiss

Michael Holston said one of the draws of Paul Weiss was the opportunity to work with Scott Barshay, chair of the firm's Corporate Department. "I think Scott is the best M&A lawyer in the world," Holston said.
4 minute read
May 28, 2024 | The American Lawyer

Largest Law Firms Increase Partner Pay Spread, as Comp Models Hit 'Inflection Point'

The Am Law 100 upped its average equity partner pay spread from 9.8-to-1 in 2022 to 10.3-to-1 in 2023, according to a sample of firms' data.
7 minute read
May 27, 2024 | Law.com

Is There a Maximum Number in This Salary Race?

What we need is a market peak, a Usain Bolt of the legal world that sets a junior lawyer pay rate so far ahead that no one can beat it, but AI might make the problem worse, writes the Global Lawyer.
6 minute read
May 24, 2024 | Law.com

Oklahoma Taps Paul Clement to Take on Pharmacy 'Middlemen' at High Court

"PBMs [pharmacy benefit managers] have had a profound and profoundly negative effect on pharmacies and the patients who rely on them," Clement wrote in the petition for Supreme Court review.
4 minute read
May 24, 2024 | National Law Journal

Oklahoma Taps Paul Clement to Take on Pharmacy 'Middlemen' at High Court

"PBMs [pharmacy benefit managers] have had a profound and profoundly negative effect on pharmacies and the patients who rely on them," Clement wrote in the petition for Supreme Court review.
5 minute read
May 23, 2024 | The American Lawyer

What Does Big Law Stand to Gain From Slow AI Adoption?

Observers in the legal tech industry speculate that firms' caution stems from a commitment to a profitability model dependent on high leverage and hourly billing.
8 minute read
May 22, 2024 | New York Law Journal

Once 'Unheard Of,' $20M Partner Pay Becomes Standard to Meet at Davis Polk, Simpson Thacher

"The market is the reality and you have to live in that reality. You can't have your head in the sand," said industry expert Peter Zeughauser.
5 minute read
May 21, 2024 | New York Law Journal

The Relevance of Pretextual Motives in Takings Clause Challenges

In 'Brinkmann v. Town of Southold', the Second Circuit addressed whether compensated takings for public use may be challenged as the product of bad-faith or pretextual motives under the Takings Clause of the Fifth Amendment to the U.S. Constitution.
8 minute read
May 20, 2024 | The American Lawyer

Big Law Seeks to Maintain M&A Momentum With Lateral Market Maneuvers

Firms such as Paul Weiss, Sullivan & Cromwell, Akin, K&L Gates and Seyfarth all announced lateral M&A partners in the last week.
5 minute read
May 20, 2024 | National Law Journal

Which Federal Appeals Courts Grant Oral Argument the Most and Least Often?

Oral argument rates among the circuits may be affected by the types of cases they hear. For example, the D.C. Circuit, with the highest rate, often weighs complex administrative law issues best addressed through oral argument, said appellate attorney Mark Gidley.
6 minute read

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