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December 14, 2023 | New York Law Journal

Recruiting and Retaining Talent: Advantages of a Two-Tier Partnership Structure

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.
7 minute read
December 13, 2023 | Law.com

Recruiting and Retaining Talent: Advantages of a Two-Tier Partnership Structure

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.
7 minute read
December 12, 2023 | Daily Report Online

New Arnall Golden Gregory Leader Says Firm Is Ready for Industry, Economic Challenges in 2024

The firm has already made a decision about the latest associate salary hikes in the industry, said incoming managing partner Sean Fogarty.
6 minute read
December 12, 2023 | The American Lawyer

How Some Big Law Firms Can Afford Associate Salary Raises

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.
5 minute read
December 11, 2023 | Texas Lawyer

Susman Godfrey Smashes Market Bonus Scale, Paying Senior Associates More Than Triple

Finishing up a year when revenue will set a record, Susman Godfrey will pay 'special' bonuses to every employee at the trial firm.
3 minute read
December 07, 2023 | The American Lawyer

'Staggering' Jump in Law Firms Planning to Expand Nonequity Partner Ranks

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.
4 minute read
December 07, 2023 | Litigation Daily

Why Elite Trial Firms Compete in the Associate Salary and Bonus Game

A whole host of trial-centric firms have met or exceeded the Big Law scale set by Cravath, Swaine & Moore. Here's a look at how and why.
4 minute read
December 06, 2023 | The American Lawyer

Despite Expense 'Dent' From Pay Raises, Law Firms Expect to See Rebound in Transactional Practices

Firms can anticipate a rebound in transactional practices heading into 2024. "As such, we expect 2024 to be a better year than we saw in 2023," said Citi and Hilderbrandt Consulting in a new report.
6 minute read
December 06, 2023 | Law.com

These Law Firms Are on the Cutting Edge of AI: The Morning Minute

The news and analysis you need to start your day.
4 minute read
December 05, 2023 | The American Lawyer

Full Circle: Milbank Matches Latest Associate Pay Scale

Milbank's mid and senior associates are getting another pay raise.
2 minute read

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