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International Edition

The Future of Partner Compensation: How Profit-Sharing Systems Shape the Firm's Culture and Success

The likes of Paul Weiss and Linklaters have to decide on a remuneration system that reflects their culture and strategic objectives.
5 minute read

International Edition

Linklaters Begins Consulting On Cessation Payments

The step follows changes the firm made to its lockstep system in 2021.
2 minute read

International Edition

Pressure on UK Law Firms as US Competitors Raise NQ Pay Again

As US firms match the Cravath scale, domestic UK firms will fear falling too far behind.
4 minute read

International Edition

Young Talent: Is the Allure of Big Law Enough to Silence ESG Concerns?

Top recruiters explain how environmental and social impact is of increasing importance to talented juniors—and discuss whether the attraction of high pay and kudos is enough to overcome ESG failures.
7 minute read

International Edition

Firms Using the 'Black Box' Hope Ignorance Equals Bliss When It Comes to Partner Comp

"It is so much easier to keep people happy when they can't see someone is making more than them even though they have more in originations," said Jeffrey Lowe, recounting the message he hears from firms with opaque compensation models.
5 minute read

International Edition

Paul Weiss Hides Partner Pay Inside 'Black Box,' as Firm Shells Out for Top Laterals

The adoption of a nontransparent pay system comes as firm leaders seek to reduce internal tensions as the spread of compensation expands.
3 minute read

International Edition

Top Big Law Partners Are Earning More Than $2,400 Per Hour, as Rates Continue to Climb

Dechert has hiked its rates for top partners by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.
3 minute read

International Edition

Clifford Chance Eyes Lockstep Change to Better Reward Star Performers

With star talent exiting the firm recently, the anticipated change is expected to help it to retain its strongest performers in an increasingly monied hiring market.
3 minute read

International Edition

'Without It, Some May Have Left': Slaughters Associate Illuminates Firm's Reduced Hours Policy

The scheme, which goes firmwide this week, offers associates "a real chance to reset their career", said Michael Craig, a disputes and investigations associate.
6 minute read

International Edition

A&O and Shearman Offer Partners Financial Incentive to Stay with Combined Firm

The merger of the two firms is due to formally take effect in May 2024, with 99% of partners at both firms approving the plans in October.
2 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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