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Competitive intelligence and news on billing rates, evolving rate pressures and alternative pricing.
By Varsha Patel | February 15, 2022
Associates say partners should do more than just 'grumble' about the pay war, given they have the power to enact cultural change.
4 minute read
By Hannah Walker | January 21, 2022
Partners have questioned whether the firm's associate bonus system fits well with the modern working environment as the war for junior talent continues unabated.
3 minute read
By Jacob Polacheck | January 19, 2022
The policy has been spreading among firms in the U.S.
4 minute read
By Andrew Maloney | January 4, 2022
Firm leaders and legal analysts weigh in on a few changes that could be made to address the industry's most pressing problems. There is no silver bullet but they note that it doesn't take a magic wand to make progress.
12 minute read
By Rose Walker | January 4, 2022
The firm's highest pay-out to a partner was £500,000 higher than in the previous year.
2 minute read
By Hannah Walker | December 22, 2021
The talent war continues as three more firms boost associate pay packets to keep up with competitors.
2 minute read
By Hannah Walker | December 20, 2021
To make itself more competitive stateside, the firm is aligning its pay structure to those adopted by a number of U.S. firms.
5 minute read
By Hannah Walker | December 16, 2021
The UK-based institution is the latest to adapt its system as firms move to reward contributions beyond seniority in order to hold onto their best up-and-coming partners.
2 minute read
By Hannah Walker | November 25, 2021
The local heavyweight has entered the latest pay war, boosting its German newly-qualified lawyer salaries by 25%.
2 minute read
By Dan Packel | November 3, 2021
"For some firms, this will be a historic opportunity to make progress on rates," said one industry observer.
5 minute read
By Dan Roe | January 10, 2024
Dechert has hiked its rates for a top partner by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.
3 minute read
By Ross Todd | January 9, 2024
We pick up on our conversation with J.Y. Miller and Joe Kilpatrick of Husch Blackwell about their fixed-fee approach as national coordinating counsel in mass torts cases to ask how they handle instances where there's not much of a track record, or where trial is a possibility.
9 minute read
By Ross Todd | January 8, 2024
J.Y. Miller and Joe Kilpatrick of Husch Blackwell discuss how certain moves by the firm—including moving away from billable hours-based bonuses—opened the door to more innovative pricing models.
7 minute read
By Allison Dunn | January 2, 2024
Those who wish to comment on the proposal may do so on the court's website.
2 minute read
By Jack Womack | December 20, 2023
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
By Justin Henry | December 11, 2023
Vernon Hill, founder of Commerce Bank in the U.S. and Metro Bank in the U.K., accused the firm of "top-heavy staffing, duplicative billing and excessive billing."
3 minute read
By Chris O'Malley | December 5, 2023
"Some clients are super loyal to their firms that they work with, sometimes blindingly so," said Joan MacLeod Heminway, a University of Tennessee law professor.
9 minute read
By Chris O'Malley | December 5, 2023
"Some clients are super loyal to their firms that they work with, sometimes blindingly so," said Joan MacLeod Heminway, a University of Tennessee law professor.
9 minute read
By Ross Todd | December 5, 2023
Maybe, just maybe, this interest rate-driven crunch will be the nudge that finally gives clients and firms the incentive to increase the adoption of alternative fee arrangements.
4 minute read
By Sarah Tincher-Numbers | November 28, 2023
"Our real value proposition is we provide coastal expertise at Midwestern rates," said one law firm leader. "You get a lot of bang for your buck."
6 minute read
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Celebrating achievement, excellence, and innovation in the legal profession in the UK.
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