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International Edition

Big Law Heavyweights Wrestle in High-Stakes Sale of Venezuela’s Citgo

A former Skadden, Arps, Slate, Meagher & Flom partner is managing the sale of Venezuela’s prized international asset, whose sale is being sought to settle debts owed to claimants represented by firms including Gibson Dunn & Crutcher. Concerns are mounting about the case's mounting legal costs.
4 minute read

International Edition

Partner Pay Has Entered 'A Whole Different World'

Rapid changes to partner pay in Big Law will continue, experts say. Among nearly 200 firms, more than one-third plan to make changes to their equity partner compensation models over the next two years.
6 minute read

International Edition

Taylor Wessing Germany Ups Associate and Salaried Partner Pay

The move brings Germany pay closer to UK levels, where in August the firm lifted newly-qualified lawyer salaries to £115,000.
2 minute read

International Edition

Average Partner Pay 'Surges' in Both Equity and Nonequity Tiers

The average origination amount for a partner also shot up last year, amid a general trend of partners maintaining bigger books of business.
5 minute read

International Edition

Clifford Chance Further Modifies Lockstep to Better Reward Top Performers

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.
2 minute read

International Edition

It's Time Law Firms Were Upfront About Who Their Salaried Partners Are

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.
4 minute read

International Edition

A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership

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.
3 minute read

International Edition

Cutting Partner Compensation Becomes Routine in Big Law

Some firms are making sharper pay cuts of partners, helping them pay their top performers.
5 minute read

International Edition

Law Firm and In-House Salaries on the Rise in Canada, Survey Says

Robert Half Canada's salary guide projects legal employers are on track to raise pay by 2% in 2025.
3 minute read

International Edition

Will Private Credit Produce Another Kirkland?

"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.
8 minute read

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