The American Lawyer | Analysis
By Justin Henry | November 13, 2023
Some leaders in the lower half of the rankings no longer see elite firms' pay raises as a competitive pressure because the market has become so stratified.
The American Lawyer | Analysis
By Andrew Maloney | Chris O'Malley | November 10, 2023
Some GCs are voicing concerns about further rate hikes after associate pay raises. But Milbank's chair said the salary raises wouldn't have a material effect on its billing rate decisions in the future.
The American Lawyer | Analysis
By Jessie Yount | November 3, 2023
On average, large law firms are losing nearly 10% or $21.9 million of annual staffing costs due to poor employee well-being.
The American Lawyer | Analysis
By Andrew Maloney | November 3, 2023
Some law firms are pausing their promotions of senior associates to partner, and they're telling senior associates to be patient, said Laura Terrell, an executive coach and consultant.
The American Lawyer | Analysis
By Amanda O'Brien | November 1, 2023
Stroock & Stroock & Lavan missed its window of opportunity to find a merger partner, and now the firm is shutting down. Could leaders have done anything to secure greater support for their plans?
The American Lawyer | Analysis
By Jessie Yount | October 31, 2023
Partners in their prime business development years, often in key transactional practice areas for the firm they're at, are leaving for firms that can offer more robust associate teams.
The American Lawyer | Analysis
By Justin Henry | October 31, 2023
The decision to add a non-equity tier is often a play to compete for senior associate and counsel-level talent by offering the title of partner without diluting shares of the firm's equity, so firms can continue to pay for top-performing talent.
The American Lawyer | Analysis
By Andrew Maloney | October 30, 2023
"There's a lot of people trying to play a little bit of catch-up, and they'll run out of opportunity runway if there's a recession," said Mark Medice, a principal at LawVision and law firm consultant.
The American Lawyer | Analysis|Research
By Amanda O'Brien | October 25, 2023
"The differences the data reflects are that mothers are disproportionately not getting important assignments, not being assigned matters with travel, not having sponsors and mentors, and there's a disparity in income particularly as income rises," attorney Roberta Liebenberg, a co-author of the report, said.
The American Lawyer | Analysis
By Dan Roe | October 24, 2023
An increasing number of law firms are questioning whether senior associates and partners are the best people to train associates on foundational skills.
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