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February 01, 2024 | The American Lawyer

Milbank Leaders Praise Non-Equity Partnership Tier Amid London Growth

The firm's famously high NQ pay is "indirectly demanded" by clients, London co-managing partner Andrej Wolf said.
4 minute read
February 01, 2024 | The American Lawyer

Kirkland Adds 5-Lawyer Investment Funds Team From Goodwin

The group hires come two years after Kirkland lured a Proskauer funds group.
3 minute read
February 01, 2024 | National Law Journal

Former FTC Commissioner Christine Wilson Joins Freshfields

Wilson, known for slamming FTC Chair Lina Khan in a public resignation letter, has joined Freshfields, where the firm said she will work with "senior executives and boards of directors" to navigate regulatory regimes.
4 minute read
January 30, 2024 | Delaware Business Court Insider

Tesla Shareholder Wins Challenge to Elon Musk's Tesla Comp Package

Chancellor Kathaleen McCormick concluded Musk was a controller of Tesla under Delaware law, putting the burden of entire fairness on his defense team from Cravath, Swain & Moore and Ross Aronstam & Moritz.
3 minute read
January 29, 2024 | The American Lawyer

Kirkland Lures Antitrust Partners From Cravath, King & Spalding

It's the third Cravath partner exit this month, as the firm's top competitors continue recruiting from the firm.
3 minute read
January 29, 2024 | The American Lawyer

Will Allen & Overy, Freshfields, Clifford Chance and Linklaters Find America's Streets Paved With Gold?

International law firms have been launching offices in the U.S. and paying top dollar for talent in the world's largest and most lucrative legal market. But growth potential exists elsewhere and firms shouldn't give the rest of the world short shrift, writes The Global Lawyer.
9 minute read
January 29, 2024 | The American Lawyer

Milbank's Revenue Jumps 18% as Profits Soar 19% and Nonequity Tier Grows

The firm's 18.6% jump in PEP to $5.114 million occurred as Milbank saw a 51% expansion in its nonequity tier.
5 minute read
January 29, 2024 | Pro Mid Market

How Midsize Firms Can Compete In Wake Of High Payouts For Associates

In response to recent raises to associate base salaries, midsize firms that can't match will reinforce the message that their associates have an accessible and meaningful career path, write Pro Mid Market columnists at recruiting firm The Foster group.
7 minute read
January 26, 2024 | The Legal Intelligencer

Cozen O'Connor Announces First-Year Salary Increases in Phila., New York and Washington

First-year associates in Philadelphia will earn $195,000 while those in New York and Washington, D.C., will get bumped up to $205,000.
2 minute read
January 26, 2024 | The American Lawyer

Partner Comp Systems and Competitive Advantage: Lessons From the Kirkland, Cravath, and Paul Weiss Lateral-Hiring Wars

What makes comp systems so insidious is that they're so hard to change.
12 minute read

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