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January 29, 2025 | International Edition
Profits Surge Across Big Law Tiers; Am Law 50 Segmentation AcceleratesRevenue across law firm segments rose 12.5%, and with tight control over the size of equity partnerships, PEP increased by 16.9%, Wells Fargo said.
By Andrew Maloney
4 minute read
January 29, 2025 | The American Lawyer
Profits Surge Across Big Law Tiers, but Am Law 50 Segmentation AcceleratesRevenue across law firm segments rose 12.5%, and with tight control over the size of equity partnerships, PEP increased by 16.9%, Wells Fargo said.
By Andrew Maloney
4 minute read
January 29, 2025 | The American Lawyer
Fried Frank Trio Joining Sidley in NYThe latest lateral partners extend Sidley's hiring push well into the new year.
By Andrew Maloney
2 minute read
January 29, 2025 | International Edition
Law Firms 'Struggling' With Partner Pay Segmentation, as Top Rainmakers Bring In More RevenueSome partners last year "doubled their book of business, and not just from $20 to $40 million, but $60 to $120 million," noted Blane Prescott. "More firms are struggling with: what should the top be?”
By Andrew Maloney
5 minute read
January 28, 2025 | The American Lawyer
Adding 'Credibility' to the Pitch: The Cross-Selling Work After Mergers, Office OpeningsSome law firm leaders say they’re gaining “credibility” in a market that is helping them go deeper with clients and propel record performances.
By Andrew Maloney
5 minute read
January 28, 2025 | The American Lawyer
Law Firms Are 'Struggling' With Partner Pay Segmentation, as Top Rainmakers Bring In More RevenueSome partners last year "doubled their book of business, and not just from $20 to $40 million, but $60 to $120 million," noted Blane Prescott. "More firms are struggling with: what should the top be?”
By Andrew Maloney
5 minute read
January 27, 2025 | International Edition
Law Firms Turn to 'Golden Handcuffs' to Curb Partner MovementMany firms are increasingly implementing strategies such as clawbacks and deferred compensation to discourage partners from leaving, noted legal recruiter Mike Parrillo.
By Andrew Maloney
5 minute read
January 24, 2025 | The American Lawyer
Law Firms Turn to 'Golden Handcuffs' to Rein In Partner MovementMany firms are increasingly implementing strategies such as clawbacks and deferred compensation to discourage partners from leaving, noted legal recruiter Mike Parrillo.
By Andrew Maloney
5 minute read
January 22, 2025 | The American Lawyer
Senior Associates' Billing Rates See The Biggest Jump“You’re getting some associate rates cresting to over $1,000 an hour, as much as some junior partners," said Jennifer McIver, of Wolters Kluwer ELM Solutions.
By Andrew Maloney
4 minute read
January 21, 2025 | The American Lawyer
Kirkland Enters Philadelphia, Luring Skadden Mass Torts TeamAllison Brown, who has represented and won multiple trials for Johnson & Johnson, is leading a team of five partners to Kirkland, the firm confirmed to The American Lawyer on Tuesday.
By Andrew Maloney
4 minute read
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