January 29, 2024 | Pro Mid Market
How Midsize Firms Can Compete In Wake Of High Payouts For AssociatesIn response to recent raises to associate base salaries, midsize firms that can't match will reinforce the message that their associates have an accessible and meaningful career path, write Pro Mid Market columnists at recruiting firm The Foster group.
By By Michelle Foster, Founder & Drew Foster, Managing Director — The Foster Group
7 minute read
January 23, 2024 | The American Lawyer
Longtime Shearman Dealmaker Behind Record-Breaking Transactions Dies at 87Stephen Volk spent a decade as senior partner at Shearman & Sterling. After retiring from the firm, he held tenures as vice chairman and chairman of Credit Suisse First Boston and vice chairman of Citigroup.
By Justin Henry
2 minute read
January 23, 2024 | Pro Mid Market
A Year Under Arizona's Revised Ownership Rules: Axiom Leaders Reflect"We're actually seeing a lot of traction with our enterprise and small and medium-size business clients to actually think about Axiom Advice & Counsel as another law firm alternative to their panel law firms," said Axiom's CEO David McVeigh.
By Justin Henry
10 minute read
January 18, 2024 | The American Lawyer
Latest Norton Rose Fulbright Departure Sees Fintech Practice Head Relocate to Steptoe"One troubling fact was that it was never explained internally, even to partners, why our global C-suite all the sudden departed in a short period of time," Stephen Aschettino said of his former firm. "The reasons for that have never been articulated."
By Justin Henry
5 minute read
January 16, 2024 | 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.
By Justin Henry
5 minute read
January 12, 2024 | The American Lawyer
At Quinn Emanuel, Planning for Success, Not Succession PlanningJohn 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.
By Justin Henry
7 minute read
January 11, 2024 | The American Lawyer
Paul Weiss Hides Partner Pay Inside 'Black Box,' as Firm Shells Out for Top LateralsThe adoption of a nontransparent pay system comes as firm leaders seek to reduce internal tensions as the spread of compensation expands.
By Justin Henry
3 minute read
January 10, 2024 | Pro Mid Market
Eyeing Rate Flexibility, Longtime Sidley Litigator Decamps to Midsize Manhattan FirmSecurities litigator Isaac Greaney left Sidley to expand the types of work available to him due to more flexible rates.
By Justin Henry
4 minute read
January 08, 2024 | The American Lawyer
Dechert Loses 2 Litigation Partners Who Held Leadership RolesFormer SDNY U.S. attorney David Kelley, former co-leader of the firm's white-collar practice, moved to O'Melveny & Myers. Benjamin Barnett, chair of the firm's technology committee, joined plaintiffs firm Seeger Weiss.
By Justin Henry
6 minute read
January 04, 2024 | Pro Mid Market
'High Performing' Firms Increasingly Entertained M&A Options In 2023Law.com Pro Mid Market takes a look at the motivations and circumstances that led to recent mergers and acquisitions of law firms. "If you're not a certain size, it's hard to compete for talent and it's hard to retain," said one consultant.
By Justin Henry
6 minute read