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The American Lawyer

To Stem Lateral Movement, Firms Are Adding Clawback Clauses in Partnership Agreements

Law firms are increasingly utilizing the proverbial "golden handcuffs" in their partnership agreements, allowing them to go after the hefty bonuses and other incentives previously paid to a lawyer looking to leave.
11 minute read

The American Lawyer

General Counsel Want the Partner-CEO Relationship to End

Law firm partner attempts to contact CEOs happen 'all the time' but are based on outdated and misguided assumptions about the perceived benefits, according to GCs.
6 minute read

The Legal Intelligencer

Troutman Pepper Hit $1B in First Full Post-Merger Year

The firm saw profits grow as well, despite pay increases for lawyers at all levels.
5 minute read

The American Lawyer

From Stagnant Wages to Mass Layoffs, Recruiters Ponder Worst- (and Best-) Case Scenarios of Inflated Hiring Market

"I don't see demand for legal services in the past couple years going forward," said one California-based recruiter. "[Firms will] have to trim the ranks and do whatever is necessary to maintain profitability."
7 minute read

The American Lawyer

Ice Miller Grows Profits More Than 20% Through Teeth of Associate Comp. Pressures

A point of pride for firm leadership is that the top 10 most lucrative client relationships usually change each year, with no single client accounting for more than 3% of top-line revenue.
5 minute read

The American Lawyer

'A Multiyear Reckoning': Hybrid Work Is a Challenge That Isn't Going Anywhere

Even after two years of remote and hybrid work arrangements, firms are still searching for equilibrium.
6 minute read

Texas Lawyer

Demand Improved Across Practices at Locke Lord, Leading to a 5.8% Jump in Revenue

Net income dropped by 5.7% in 2021 at Locke Lord, but profits per equity partner improved by 17.1% with fewer equity partners.
5 minute read

The American Lawyer

'What Are the Ground Rules?': US Firms With Russian Presence Face Difficult Questions

"We have a handful of nonsanctioned clients that we're taking a really hard look at," one firm leader said.
5 minute read

The Recorder

Scuffle at Norton Rose Shows Tricky Balance Between Ethics and Emotion in Communications Strategy

"It was a well-intentioned policy that ran afoul of people who didn't feel they should be managed this way," one consultant said.
5 minute read

The Legal Intelligencer

As Salary Hikes Spread Through Law Firms, Expect Stratification and Strategic Shifts

With pressure to adjust pay rising across the industry, recruiters say the changes will lead to lateral movement and creative strategies for attorney compensation.
6 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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