By Zack Needles | April 26, 2021
It is, unfortunately, all too common for law firm partners to side-eye business executives who are brought in to help steer the organization's strategy. But without mutual respect and some level of trust between lawyers and other high-level professionals, a firm's efforts to expand its C-suite can go sour in a hurry.
By Dan Packel | April 25, 2021
Firms are increasingly open to new strategy perspectives, whether it's BCLP and Norton Rose Fulbright enlisting outside corporate consultants, or Kobre & Kim, which hired a consultant to grow its C-suite.
By Mike Scarcella | April 21, 2021
The fraud scheme involved doctoring purchase records at the law firm to make it seem like personal expenditures had been intended for official business use, a federal prosecutor said.
By Dylan Jackson | April 20, 2021
Experts and observers have long raised red flags about a growing, and perhaps bloated, nonequity tier. But as firms notch record success in the pandemic and the nonequity tier keeps growing, have those fears been overblown?
By Christine Simmons | April 8, 2021
Several New York firms engaged in some of their most expansive lateral hiring, while some also used the period to move further away from the strict lockstep partner pay model.
By Zack Needles | April 5, 2021
The reality of remote work as a staple of the legal industry has spurred firms to take a close look at eliminating administrative staff positions that could theoretically be replicated with technology, but how much is too much when it comes to these types of cuts? We may not know where the line is until it's crossed.
New York Law Journal | Analysis
By Arthur J. Ciampi | March 25, 2021
In this edition of his Law Firm Partnership Law column, Arthur J. Ciampi discusses the decision in 'Epstein v. Cantor', which is a reminder that the use of the name "partnership" or even the filing of an entity as a partnership with New York state is not controlling concerning whether the parties are truly partners for purposes of the law.
The Legal Intelligencer | News
By Justin Henry | March 24, 2021
Chris Boyle is the fourth lateral partner joining FisherBroyles from Faegre Drinker this year.
By Zack Needles | March 22, 2021
"When used with people still developing, the nonequity tier creates a private distinction among partners only within the firm while giving the public title of 'partner' even to those who have not yet demonstrated (and may never demonstrate) owner-like qualities," one former AmLaw 100 partner wrote.
By Hank Grezlak | March 11, 2021
Once viewed as a threat to firms, more are seeing ALSPs as "collaborators." But will more firms look to have their own captive ALSPs?
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