Paul Weiss Promotes Into Both Partner Tiers Amid 'Existential War for Talent'
In a statement to ALM on Monday, firm chair Brad Karp said he believes the new two-tier partnership model is important because it allows the firm to “compete effectively in the existential war for talent."Gibson Dunn Adds Senior SEC Enforcement Official
Osman Nawaz spent more than 14 years at the SEC before joining Gibson Dunn as a partner.Orrick Hires Real Estate Partner to Focus on Data Centers
Peter Bergan joins the firm after over three years at Loeb & Loeb in Chicago.In Today’s Cutthroat Market, Regions Need a Business Case
Whether or not a law firm is steadfastly ‘global’, leaders are scrutinizing their geographical spread much more closely, writes the Global Lawyer.Steptoe Offers Associates New Flexible Billable Hour Tracks in Revamped Comp System
Steptoe’s revamped associate compensation model, which takes effect in January, will have three full-time billable hour budget options for associates with coinciding compensation scales.Milbank Becomes 14th U.S. Firm to Close Mainland China Office This Year
Earlier this week, Paul Weiss, the oldest American law firm in China, also announced the closure of its Beijing office.Cleary vs. White & Case: New York City Showdown Over $5 Billion Brazilian Bankruptcy
Multinational cement manufacturer InterCement, represented by White & Case, is battling bondholders represented by Cleary in a New York court.Ex-Google Exec Joins AI Company as First CLO
"This is a pivotal moment, not just for Turing, but for the entire AI ecosystem," said Catherine Lacavera, chief legal oficer of Turing.Enterprises. "AI is reshaping industries, and companies need strong legal frameworks to navigate the challenges and opportunities it presents."Clients Paid More for Less Experience in 2024 Rate Hikes
Firms raised the prices of their cheapest paralegals, associates and partners higher than rate hikes for more experienced professionals of the same tier, bankruptcy court records show.Linklaters Duo Jumps to Reed Smith's Structured Finance Practice
Peter Williams and Elizabeth Walker had only been with Linklaters for a little more than two years when they opted to join Reed Smith in New York City.Trending Stories
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