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The American Lawyer

As Partnerships Evolve, Law Firms See Ongoing Partner Training as Recruiting and Retention Tool

"You must have very clear objectives," observed strategy consultant Deborah Farone. "If you're producing a training session without knowing exactly what you want to get out of it, you're setting yourself up for failure."
6 minute read

The American Lawyer

Deal Watch: Big Week for Private Equity, Private Credit and Kirkland

Of seven announced deals in the past week that were worth more than $1 billion, four were private equity-driven, and two were driven by private lenders.
9 minute read

The American Lawyer

Milbank Eyes Next Generation of Regulatory Practice Leaders

"It is important for us not to wake up and find out we are all in our 60s and ready for retirement," said Milbank's George Canellos.
4 minute read

The Legal Intelligencer

UArts Bankruptcy Fuels Work for a Slew of Firms in Phila. and Beyond

Montgomery McCracken Walker & Rhodes filed the Chapter 7 petition and is set to receive just over $1.2 million for work on the matter. The institution's top outside counsel in the year before it went bust was New York's Kramer Levin Naftalis & Frankel, which earned $1.7 million in fees.
5 minute read

The American Lawyer

Cleary Creates Nonequity Partner Tier, Calling for 'Innovation and Adaptation'

"We are not doing it to create a different leverage model within the firm," said managing partner Michael Gerstenzang. "We are doing it to create more opportunities in promotion and development."
5 minute read

Texas Lawyer

Surpassing Cravath Associate Pay Scale, Boutique Seeks to Stay Above Market

By raising associate pay above market, the boutique's leadership said it's seeking to reward associates for hard work on significant projects this year and also help with recruiting.
3 minute read

The American Lawyer

Will Private Credit Produce Another Kirkland?

"If [law firms] don't have the right volume, the right connections, the right associates and the right knowledge management tools, they will burn out. The big players won't," said Akin Gump Strauss Hauer & Feld's Ranesh Ramanathan.
8 minute read

The American Lawyer

Apollo Partner and Former GC Moves to Paul Weiss

The lateral move is another sign of Paul Weiss' close business ties with the private equity giant.
2 minute read

The American Lawyer

Baker McKenzie Sets Profitability Goals, Focusing on New York

"Our U.S. [PEP] would land us around No. 39. Our goal is to be playing in the top 25," said Colin Murray, the firm's North American CEO.
7 minute read

The American Lawyer

Cleary Sees AI as 'Co-Pilot,' Among Growing Client Eagerness for Legal Tech

Firm leader Michael Gerstenzang speaks with Law.com about how the firm communicates directly with generative AI providers to shape their products and how clients now want to use AI themselves.
5 minute read

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