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International Edition

Senior Partners Approach $3,000 an Hour, As More Billing Rate Hikes Expected in 2025

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.
5 minute read

International Edition

'Put Up or Shut Up' in Office Attendance: Law Firm Leaders Still Hold the Cards

Enforcing office policies this year could mean withholding a portion or percentage of a partner's draw or reducing bonus pool eligibility.
5 minute read

International Edition

UK Top 50 Ranked By Profit Per Equity Partner

PEP at the U.K.'s largest firms increased by nearly 13% in the last financial year, with a few notable performers.
1 minute read

International Edition

Slaughter and May Fast-Tracks Pay Review to Match £150K NQ Benchmark

The firm brought forward its pay review, originally scheduled to happen in November.
2 minute read

International Edition

Am Law 50 Law Firms 'Outpacing' the Industry More in 2024, as Segmentation Accelerates

"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.
5 minute read

International Edition

'Window Dressing': How Associates Really Feel About 6-Figure NQ Salaries

Several industry commentators, associates among them, talk about the unpleasant side of the pay war.
6 minute read

International Edition

After Milbank Rolls Out Summer Bonuses, Big Law in 'Waiting' Mode While Associates Watch Eagerly

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.
6 minute read

International Edition

Latham's Leavers: What Do Big Law Firms Do When Star Partners Quit?

Firms need to do 2 things; neither is easy, writes The Global Lawyer.
6 minute read

International Edition

Former McCarthy Tétrault Partner Wins Unfair-Dismissal Case

The firm failed to convince a U.K. Employment Tribunal that it fired Allan Reason because it didn't have enough disputes work.
3 minute read

International Edition

Milbank Rolls Out Summer Bonuses for Associates, Counsel

First-year associates will earn an extra $6,000, while the firm's most senior associates as well as special counsel will earn an additional $25,000.
2 minute read

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