Daily Report Online | Analysis
By Justin Henry | December 15, 2023
"I've worked with firms who find it difficult because they want the partners to charge X rate and they would lose a third of their business," said Charlotte-based Jordan Abshire, founder and managing member of Abshire Legal Search.
New York Law Journal | Commentary
By Miten Shah | December 14, 2023
While the one-tier partnership model ruled for a long period of time, today's competitive challenges exposed its limitations, particularly in terms of talent recruiting and retention, as well as client acquisition.
By Andrew Maloney | December 14, 2023
The firm reached $856 million in revenue, and more than $1.9 million in average profits per equity partner, as its equity ranks stayed flat.
By Miten Shah | December 13, 2023
While the one-tier partnership model ruled for a long period of time, today's competitive challenges exposed its limitations, particularly in terms of talent recruiting and retention, as well as client acquisition.
The American Lawyer | Analysis
By Justin Henry | December 13, 2023
The profit-sharing plans of both FisherBroyles and a spinoff firm are a departure from the usual practices of distributed law firms.
National Law Journal | Analysis
By Abigail Adcox | December 13, 2023
Steptoe has also been investing more in financial and budget professionals, alongside updating its financial systems, said firm chair Gwen Renigar, adding that "we have a much stronger modern infrastructure to help us all year long."
By Zack Needles | December 13, 2023
The news and analysis you need to start your day.
The American Lawyer | Analysis
By Andrew Maloney | December 12, 2023
Most of the law firms that have confirmed matches to the latest associate salary scale have PEP above $2 million a year and more than $1 dollars in gross revenue.
By Max Mitchell | December 11, 2023
The cautious outlook jibes with what firm leaders said about their revenues this year. Fewer reported seeing revenue increases than at any point since the pandemic.
By Andrew Maloney | December 7, 2023
The average annual growth in income partner classes at some of the most profitable firms between 2017 and 2022 was 13.4%, while at other large, two-tier partner firms, it was 4%, according to a report this week.
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