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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
December 05, 2023 | The American Lawyer

Trial Firms Starting to Match or Exceed Big Law Salary, Bonus Scales for Associates

Litigation boutiques and other small firms compete for the same top law students as Big Law, so they are likely to move to the new, higher market salary and bonus scales for associates.
4 minute read
December 04, 2023 | New York Law Journal

'It Was Really in the Tank': Wilson Says Top Goal Was to Rescue Court System Morale

Chief Judge Rowan Wilson said he saw a need to "reset" the way the Office of Court Administration treats judges and everyone else working in the court system.
5 minute read
December 04, 2023 | The American Lawyer

Year-End Bonuses Top $300K for Several Boies Schiller Associates

The litigation shop's formula compensation system rewards associates for originating clients and contributing to contingency cases.
2 minute read
December 01, 2023 | National Law Journal

Covington Matches Latest Salary Scale for Associates

While Covington may be one of the first D.C. firms to match, other profitable firms in the capital region are likely to follow.
2 minute read
December 01, 2023 | Texas Lawyer

Homegrown Texas Firms V&E, Akin, Baker Botts Match Cravath Salary Scale

The two Am Law 100 firms are the first Texas-founded firms to announce they have moved to the new, higher salary scale set by Cravath Swaine & Moore this week.
4 minute read

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