Dan Packel
Dan Packel is an editor on the Business of Law desk at ALM. He writes a weekly briefing for Law.com, "The Law Firm Disrupted," on change and innovation in the legal marketplace. He is based in Philadelphia. Contact him at [email protected]. On Twitter at @packeld
December 16, 2021 | The American Lawyer
How a Modified Lockstep Model Is Fueling A&O's US GrowthThe compensation model remains a rarity in the U.S., but as New York and London firms push into Northern California, it has a chance to show its value.
By Dan Packel
6 minute read
December 15, 2021 | The American Lawyer
Nixon Peabody Looks to Tie Billable 'Impact Lawyering' to Pro Bono Work With New HireThe firm has brought on former Covington & Burling pro bono manager Sharmaine Heng to oversee its new social impact strategic plan.
By Dan Packel
4 minute read
December 09, 2021 | The American Lawyer
Will Rising Equity Partner Pay Force Firms to Adjust the Search for New Talent?"Prosperous firms are seeing a 10, 20, 30% equity lift when they beat budget," said one industry observer.
By Dan Packel
5 minute read
December 09, 2021 | Law.com
Law Firm Valuations Are Soaring on the Back of Improved Cash FlowThe Am Law 100's collective value has gone up 40% in the past two years, according to Hunton Andrews Kurth CFO Madhav Srinivasan.
By Dan Packel
5 minute read
December 07, 2021 | The American Lawyer
With Profits and Hours Rising, the Stakes Are High for Equity Partner Comp Allocations"It's a year of high drama because the production numbers are historically really distinct," says one recruiter.
By Dan Packel
5 minute read
December 07, 2021 | The American Lawyer
Gibson Dunn Taps McKinsey, Sullivan & Cromwell Vet as New CMOKatherine Peters joined McKinsey & Co. as director of practice operations for strategy and corporate finance in 2016 after six years as CMO at Sullivan & Cromwell.
By Dan Packel
2 minute read
December 02, 2021 | Law.com
Big Law Budget Pressure Is BackThe era of forced savings is coming to an end. Inflationary factors will present leaders with tough choices.
By Dan Packel
5 minute read
December 01, 2021 | The American Lawyer
DLA Piper Joins Associate Bonus Fray, Exceeding Cravath for Top ProducersThe most productive associates could earn bonuses that exceed the market rate by 50% or more, according to an internal memo.
By Dan Packel
2 minute read
November 30, 2021 | New York Law Journal
Fried Frank Adds SDNY's Top Deputy to White-Collar PracticeIlan Graff will rejoin his old boss, former SDNY U.S. attorney Geoffrey Berman.
By Dan Packel
3 minute read
November 29, 2021 | The American Lawyer
'Moving Beyond the Counterculture of the '60s': Why Some Law Firms See Promise in PsychedelicsPsychedelic-based medicine isn't big business yet, but it's headed there. Fox Rothschild and Akerman stand out in the Am Law 100 for their early involvement.
By Dan Packel
5 minute read
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