Lawyer Compensation - General
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Taylor Wessing Germany Ups Associate and Salaried Partner Pay
By Jennifer Spatz | October 30, 2024
The move brings Germany pay closer to UK levels, where in August the firm lifted newly-qualified lawyer salaries to £115,000.
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Average Partner Pay 'Surges' in Both Equity and Nonequity Tiers
By Andrew Maloney | October 25, 2024
The average origination amount for a partner also shot up last year, amid a general trend of partners maintaining bigger books of business.
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Clifford Chance Further Modifies Lockstep to Better Reward Top Performers
By Habiba Cullen-Jafar | October 25, 2024
The top of equity at the firm can now reach £12 million, according to one person familiar with the matter, amid a frantic London hiring market.
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It's Time Law Firms Were Upfront About Who Their Salaried Partners Are
By Krishnan Nair | October 20, 2024
Clients are paying more attention to who is doing the work they're getting billed for; yet the salaried partner tier endures, writes The Global Lawyer.
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A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
By Habiba Cullen-Jafar | October 17, 2024
The changes follow the news that the firm is to trim its partner numbers and withdraw from certain areas, as elite law firms seek ways to better reward top performers.
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International Edition | Analysis
Cutting Partner Compensation Becomes Routine in Big Law
By Christine Simmons | October 14, 2024
Some firms are making sharper pay cuts of partners, helping them pay their top performers.
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Law Firm and In-House Salaries on the Rise in Canada, Survey Says
By Gail J. Cohen | October 8, 2024
Robert Half Canada's salary guide projects legal employers are on track to raise pay by 2% in 2025.
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International Edition | Analysis
Will Private Credit Produce Another Kirkland?
By Patrick Smith | October 8, 2024
"If [law firms] don't have the right volume, the right connections, the right associates and the right knowledge management tools, they will burn out. The big players won't," said Akin Gump Strauss Hauer & Feld's Ranesh Ramanathan.
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International Edition | Commentary
The Growing Tension—And Opportunity—in Big Law Nonequity Tiers
By Christine Simmons | October 7, 2024
Large law firms continue expanding their nonequity tiers each year, as firm management exerts tighter control over who receives firm profits.
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South African GC Salaries Climbing Quickly But Still Trail Law Firm Partners
By Alfred Olufemi | October 1, 2024
Equity partners can expect to earn between $343,000 to $557,000 a year in 2025 with high earners taking home up to $1.2 million.
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