Lawyer Compensation - General
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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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International Edition | Analysis
Senior Partners Approach $3,000 an Hour, As More Billing Rate Hikes Expected in 2025
By Mimi Lamarre | Andrew Maloney | September 24, 2024
About 16 Am Law 50 firms have third-year associates with rates over $1,000, but Valeo Partners project around half of the Am Law 50 to have rates of over $1,000 for this group of lawyers by 2025.
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International Edition | Analysis
'Put Up or Shut Up' in Office Attendance: Law Firm Leaders Still Hold the Cards
By Andrew Maloney | September 22, 2024
Enforcing office policies this year could mean withholding a portion or percentage of a partner's draw or reducing bonus pool eligibility.
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International Edition | Ranking
UK Top 50 Ranked By Profit Per Equity Partner
By Louis Altmann | September 11, 2024
PEP at the U.K.'s largest firms increased by nearly 13% in the last financial year, with a few notable performers.
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Slaughter and May Fast-Tracks Pay Review to Match £150K NQ Benchmark
By Louis Altmann | September 4, 2024
The firm brought forward its pay review, originally scheduled to happen in November.
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International Edition | Analysis
Am Law 50 Law Firms 'Outpacing' the Industry More in 2024, as Segmentation Accelerates
By Andrew Maloney | August 26, 2024
"It is a bit of a vicious cycle for the rest of the industry to observe. It allows these elite firms to continue to pull away, as long as they continue to focus on those higher client value opportunities," noted one industry consultant.
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International Edition | Analysis
'Window Dressing': How Associates Really Feel About 6-Figure NQ Salaries
By Habiba Cullen-Jafar | August 13, 2024
Several industry commentators, associates among them, talk about the unpleasant side of the pay war.
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International Edition | Analysis
After Milbank Rolls Out Summer Bonuses, Big Law in 'Waiting' Mode While Associates Watch Eagerly
By Mimi Lamarre | August 12, 2024
Many associates are asking whether their firms will give out summer bonuses, putting pressure on firms to match Milbank's bold move, one recruiter noted.
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Latham's Leavers: What Do Big Law Firms Do When Star Partners Quit?
By Krishnan Nair | August 11, 2024
Firms need to do 2 things; neither is easy, writes The Global Lawyer.
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