New York Law Journal | Analysis
By Mimi Lamarre | October 15, 2024
Gibson Dunn, Baker McKenzie; ArentFox and Dorsey & Whitney are among those who have filed claims in New York lately, whether in court or arbitration.
The Legal Intelligencer | News
By Amanda O'Brien | October 14, 2024
Fox Rothchild's Michael Menkowitz, formerly the firm's financial restructuring and bankruptcy chair, has the highest rate among all the attorneys listed on the matter, bringing in $1,160 per hour.
The American Lawyer | Analysis
By Andrew Maloney | October 14, 2024
Some firms are making sharper pay cuts of partners, helping them pay their top performers.
By Patrick Smith | October 14, 2024
Recruiting and retaining senior associates—that gold mine of Big Law leverage—may now be more challenging to single-tier firms.
The American Lawyer | Analysis
By Christine Simmons | October 11, 2024
A&O Shearman is now following the trajectory of other big law firm mergers that saw partner cuts shortly after deal completion.
By Habiba Cullen-Jafar | Paul Hodkinson | October 11, 2024
"It shows that if you hire the top talent... then the London legal market is a fantastic investment for law firms," says London co-head Neel Sachdev.
By Andrew Maloney | October 11, 2024
"People are less patient than they have ever been before. People want to be awarded now," noted one consultant.
By Saurabh Mehra | October 10, 2024
End of year collections are crucial for law firms because they allow them to maximize their revenue for the year, impacting profitability, partner distributions and bonus calculations by ensuring outstanding invoices are paid before the year closes, which is especially important for meeting financial targets and managing cash flow throughout the firm.
By Patrick Smith | October 10, 2024
"We are not doing it to create a different leverage model within the firm," said managing partner Michael Gerstenzang. "We are doing it to create more opportunities in promotion and development."
The American Lawyer | Analysis
By Andrew Maloney | October 9, 2024
"There's a difference from what they tell their partners and what they expect," said one consultant about some firms' budget for the coming year.
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