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The American Lawyer

Are You Better Off Moving Solo or With a Group? 4 Questions for Partners to Consider

In a hurry? A single partner can often complete a lateral move in two to six months from start to finish, while groups tend to take anywhere from six months to well over a year.
9 minute read

The American Lawyer

'One Firm' or Separate Entities? Vereins' Growth Bumps Into Conflicts, Liability Concerns

A ruling from an Illinois appellate court has put Baker McKenzie's structure under scrutiny, two years after Dentons was saddled with a $32 million malpractice verdict that also implicated the firm's verein status.
8 minute read

National Law Journal

As Firm Expenses Grew by $15M, Vorys' Revenue Rose but Profits Declined

The firm's expense growth was driven by investments in new ancillary businesses, as well as overhead for new firm offices, lawyer compensation and inflation, said Michael Martz, Vorys managing partner.
3 minute read

The American Lawyer

Quinn Emanuel's 38% PEP Growth Came From Heightened Leverage, High-Profile Cases

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.
5 minute read

The American Lawyer

Stanford and Yale Bumped Up OCI in Response to Precruiting, But Big Law Isn't Backing Down From Direct Applications

Precruiting will increase in 2024, Big Law recruiting directors said, despite two law schools' recent efforts to place more students through virtual on-campus interviews.
6 minute read

The American Lawyer

The 2024 American Lawyer Laterals Report

Hiring data from last year, compensation system changes as recruiting tools, how the world of recruiting really works, how firms evaluate the ultimate success of lateral hires—and of course, the Top Lateral Hires of 2023.
2 minute read

The American Lawyer

Faegre Drinker Rebounds From 2022 With Double-Digit PEP Growth

"We saw these huge gains in litigation, including product liability, intellectual property, class actions, appellate work," said Chair Gina Kastel, who is close to completing her first year in the role.
4 minute read

The American Lawyer

Deals Are Back. But Don't Get Too Excited

Firms with large transactional practices may see the recent rush of deals as the sign they've been waiting for. The Global Lawyer suggests they may want to curb their enthusiasm.
8 minute read

The American Lawyer

Impactful Laterals Abounded in 2021 and 2022. Have They Found Success?

Industry experts and recruiters say there are a multitude of data, many individualized, that factor into the "success" of a lateral. And even defining "success" can be tricky, depending on how firms view their attorneys.
7 minute read

The American Lawyer

The Sweet Spot Between Microaggressions and Empty Words: Threading the Needle on Associate Feedback

Law firms and partners may struggle to deliver appropriate guidance to rising attorneys while keeping diversity, equity, and inclusion standards in mind. But getting it wrong has real costs.
5 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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