May 23, 2024 | The American Lawyer
Milbank's Top Securitization Lawyer to Join Kirkland & EllisMichael Urschel joined Milbank last April as part of a 10-lawyer group from King & Spalding.
By Justin Henry
2 minute read
May 23, 2024 | The American Lawyer
What Does Big Law Stand to Gain From Slow AI Adoption?Observers in the legal tech industry speculate that firms' caution stems from a commitment to a profitability model dependent on high leverage and hourly billing.
By Justin Henry
8 minute read
May 22, 2024 | The American Lawyer
Once 'Unheard Of,' $20M Partner Pay Becomes Standard to Meet at Davis Polk, Simpson Thacher"The market is the reality and you have to live in that reality. You can't have your head in the sand," said industry expert Peter Zeughauser.
By Justin Henry
5 minute read
May 20, 2024 | National Law Journal
Baker McKenzie Drops Suit Against IRS Seeking Details on Partnership CrackdownWashington, D.C.-based partner George Clarke had sought to obtain a paper about document requests the agency made of partnerships, after an IRS lawyer at a conference mentioned plans to increase efforts to audit these entities.
By Justin Henry
2 minute read
May 16, 2024 | The American Lawyer
Top Partner Pay at Simpson Thacher to Breach $20MThe New York firm joins several elite peers in stretching the spread in equity partner compensation, as competition for top earners intensifies.
By Justin Henry
4 minute read
May 15, 2024 | The American Lawyer
The Back-Office Back Door to Nonlawyer Investment in Law FirmsPrivate equity-backed Briefly, which has acquired the back-office assets and personnel from distributed firms OGC, Scale and Rimon, offers one example. Federate, founded by a former Rimon leader, looks to do something similar with funding from legal industry insiders.
By Justin Henry
10 minute read
May 14, 2024 | The American Lawyer
Big Law's AI Talent War Aims to Influence Software DevelopmentIn the last month alone, Latham & Watkins, Cleary Gottlieb Steen & Hamilton, DLA Piper and Reed Smith have hired technology specialists to newly created roles.
By Justin Henry
8 minute read
May 13, 2024 | The American Lawyer
Biden's HUD Secretary Joins Taft in Newly Created Leadership RoleMarcia Fudge retired from government service in March. Before joining the Biden administration in 2021, she represented Northeast Ohio in the U.S. House of Representatives.
By Justin Henry
5 minute read
May 13, 2024 | Pro Mid Market
Woods Rogers' Rebrand Is More Than Just a Shortened NameIn the age of online branding and search engine optimization, the most well-known law firms have downsized to one or two of their founding partners' names. Virginia-founded Woods Rogers recently shrunk its name after a 2022 merger.
By Justin Henry
6 minute read
May 10, 2024 | The Legal Intelligencer
'Two Separate Lives': Lawyers Share Personal Stories of Addiction, RecoveryParticipants in a panel hosted by Recovery Centers of America want a world in which employees are comfortable telling their supervisors they need help.
By Justin Henry
7 minute read
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