NEXT
Sign in to follow

The American Lawyer

In Partner Comp, Does Ignorance Equal Bliss? Firms Using the 'Black Box' Hope So

"It is so much easier to keep people happy when they can't see someone is making more than them even though they have more in originations," said Jeffrey Lowe, recounting the message he hears from firms with opaque compensation models.
5 minute read

The American Lawyer

With Scale Top of Mind, More Law Firms Are Willing to Put Merger Option on Table

"People are just more willing to listen about the future and creating connections, than in previous years," noted one Am Law 200 leader.
5 minute read

The American Lawyer

At Quinn Emanuel, Planning for Success, Not Succession Planning

John Quinn believes "we make better decisions across the board," since Michael Carlinsky and William Burck joined him to provide three-pronged leadership of the litigation powerhouse in May 2022.
7 minute read

The American Lawyer

'Drastically Different' Associate Strategies in Big Law and Midsize Firms May Continue in 2024

Am Law 100 firms increased their associate ranks by only 1.7% through November, even accounting for their fall classes, according to a report this week.
5 minute read

The American Lawyer

Top Big Law Partners Are Earning More Than $2,400 Per Hour, as Rates Continue to Climb

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.
3 minute read

National Law Journal

8 Years Later, Cravath Registers as Foreign Agent for Ukrainian Firm Tied to Hunter Biden

Cravath's filing comes after "discussions with the Department of Justice regarding FARA's scope," the firm said in a statement Friday.
3 minute read

The American Lawyer

To Stay Ahead in New Year, Law Firms Will Double Down on Practice Strengths

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.
5 minute read

The American Lawyer

Two More Am Law 200 Firms Start Year With New Leaders

Sheppard Mullin tapped Chicago-based employment partner Kevin Cloutier to serve as the firm's co-managing partner, while St. Louis-founded Armstrong Teasdale named corporate partner Richard Engel managing partner.
5 minute read

The American Lawyer

In 2023, Group Lateral Moves Proved Economy-Proof as Firms Advanced Strategic Growth

"The big group moves are driven by the stars that are part of those groups," said Macrae recruiter Justine Donahue. "The high rainmakers can command a group to move with them based on their clients and their brand name."
5 minute read

The American Lawyer

Looking Back at the Law Firms That Didn't Survive 2023

From Stroock to Schnader, firms that failed struggled with common issues of recruitment, retention and financial obligations.
7 minute read

More from ALM

More from ALM

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

Resources

  • Leveraging Technology to Improve Employee Engagement and Client Satisfaction

    Brought to you by CARET Legal

    Download Now

  • How to Choose Your Legal Operations Software: Key Considerations and Expert Tips

    Brought to you by DiliTrust

    Download Now

  • Yearly Roundup: Strategic Insights for Law Firm Decision Making

    Brought to you by CARET Legal

    Download Now

  • Lex Machina Contracts: Commercial Litigation Report 2024

    Brought to you by LexisNexis®

    Download Now