November 06, 2023 | The American Lawyer
Foley & Lardner Drops Refund-Seeking Suit Against RecruiterThe Am Law 50 firm filed to discontinue its claims against New York-based recruiting agency Mark Bruce International last week.
By Justin Henry
2 minute read
November 03, 2023 | The American Lawyer
Latham's New Partner Class Is Male-Dominated, but So Are Many of Its Peers'The law firm's new partner class is 38% female, an increase over last year's 31%.
By Justin Henry
3 minute read
November 02, 2023 | The American Lawyer
'A Lot of Hand Wringing': Stroock Leaders Act on Backup Plans to Failed Merger TalksAfter Stroock's plan A of merging with another firm fell through, their plan B of dissolving the firm and relocating a portion of the firm is playing out.
By Justin Henry
6 minute read
November 01, 2023 | The American Lawyer
Big Firms Less Bullish on Growing Leverage Than a Year Ago, Survey FindsPre-pandemic, large firms were reserved in making changes to their equity partner head count. "But one of the interesting trends we saw in 2022 was there was a significant jump in firms growing equity partner head count," one researcher said.
By Justin Henry
6 minute read
October 31, 2023 | The American Lawyer
Firms Confront Tough Questions About Single-Tier Partnerships in Wake of Surging ProfitsThe decision to add a non-equity tier is often a play to compete for senior associate and counsel-level talent by offering the title of partner without diluting shares of the firm's equity, so firms can continue to pay for top-performing talent.
By Justin Henry
6 minute read
October 27, 2023 | The American Lawyer
Over 30 Stroock Partners to Join Hogan Lovells as NY Firm's Prospects Appear BleakThe partner moves from Stroock amount to more than half of its partnership, creating an even more bleak future for the New York law firm that was founded nearly 150 years ago.
By Justin Henry | Patrick Smith
5 minute read
October 26, 2023 | The American Lawyer
Pillsbury Ends Merger Talks With StroockThe firm said it couldn't reach an agreement "that adequately balanced Pillsbury's long-term strategic objectives with the more immediate financial and other risks involved."
By Justin Henry
3 minute read
October 25, 2023 | The American Lawyer
Proskauer Rose, Ex-COO Near Settlement to Trade Secrets RowIn a letter Tuesday, former COO Jonathan O'Brien's lawyer told Judge Analisa Torres that "the parties are optimistic that they will be able to finalize a settlement agreement within approximately 30 days."
By Justin Henry
3 minute read
October 25, 2023 | The American Lawyer
Paul Weiss Could Adopt Nonequity Partner Tier in 2024The New York firm is also considering altering the portion of equity partner pay that comes from firm profits vis a vis bonuses.
By Justin Henry
4 minute read
October 23, 2023 | The Legal Intelligencer
McNees Wallace to Sell Harrisburg HQ Following Layoffs for Longtime HR LeadersThe firm is looking for nearly $11 million for the building at 100 Pine St., which is occupied by roughly 125 attorneys and staff.
By Justin Henry | Amanda O'Brien
4 minute read
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