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The American Lawyer

Partner Comp Systems and Competitive Advantage: Lessons From the Kirkland, Cravath, and Paul Weiss Lateral-Hiring Wars

What makes comp systems so insidious is that they're so hard to change.
12 minute read

The American Lawyer

Pressure on UK Law Firms as US Competitors Raise NQ Pay Again

As US firms match the Cravath scale, domestic UK firms will fear falling too far behind.
4 minute read

The American Lawyer

'I Question Their Dedication to the Firm': Insiders on Slaughter and May's Reduced Hours Policy

Current and former firm personnel say that lawyers participating in the scheme could be limiting their partnership prospects as other industry commentators point to the policy's lack of flexibility.
7 minute read

The American Lawyer

Troutman Pepper, Davis Polk Cases Put Partners' Feedback for Associates Under the Microscope

A recent lawsuit and an ongoing trial highlight the challenges that supervisors face in delivering constructive criticism to underperforming attorneys.
6 minute read

Corporate Counsel

Big Law Has 'False Sense of Security' as Clients Depart for Midsized Firms

Since the financial crisis of 2007-2008, "market power shifted decisively from law firms to the clients, rapidly moving from a sellers' to a buyers' market for legal services," a new report from Thomson Reuters and Georgetown Law says.
5 minute read

The American Lawyer

Linklaters' US Struggle: A Unique Problem or a Wider Challenge Facing Top UK Firms?

Rivals, consultants and ex-Linklaters partners share views on the firm's recent US expansion and whether it could finally see the firm compete, or highlights a wider challenge facing UK-founded firms in the US.
5 minute read

The American Lawyer

Should US Law Firms Offer 20% Less Pay for 20% Less Work?

Slaughter and May recently formalized a reduced-hours trial, but American firms have typically reserved such accommodations for people with extenuating circumstances.
9 minute read

National Law Journal

No Origination Credits in Partner Pay? Covington Sees Advantages

While not tracking origination credits may carry some risks, Covington partners argue the pay model is at the heart of the firm's team-based approach in client work and has helped in attracting laterals.
6 minute read

The American Lawyer

Dealmakers Plan to Keep Investing in Private Equity Practices Amid Higher Expectations for 2024

Private equity attorneys from leading law firms say creative dealmaking could meet pent-up demand to produce an uptick in deals.
7 minute read

The American Lawyer

Even As Billing Rates Increase, Lack of Confidence in Fees and 'Subtle Psychology' May Lead to Less Profit

The majority of law firms believe write-offs will increase over the next year, even after many firms made these billing adjustments in 2023, according to new results of a survey of firm leaders.
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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