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The Legal Intelligencer

'These Things Tend to Go in Cycles': Avg. Partner Comp Hits $1M in Phila.

The figure grew by $260,000 over the previous year, according to a new Major, Lindsey & Africa survey.
4 minute read

International Edition

Kirkland, Freshfields Earn 8-Figure Windfall for Leading £5.4B Hargreaves Lansdown Takeover

The legal spend is among the highest seen in London for a single transaction, according to rival partners.
3 minute read

The American Lawyer

Guarantees Are Back, Whether Law Firms Want to Talk About Them or Not

Certain firms are more widely spoken of for using multi-year deals, including Kirkland & Ellis and Paul Hastings.
7 minute read

International Edition

The Price of Time: Should Law Firms Sell Minutes or Value?

As the legal industry grapples with the rise of AI, the once-immutable billable hour faces unprecedented scrutiny.
4 minute read

Pro Mid Market

Hodgson Russ Expects Double-Digit Growth This Year After Ranking First Among Mid-Market 50 Firms

Hodgson Russ is expecting double-digit growth in profits and income after last year's slump in both categories, coming from a boost in work within the firm's litigation and corporate practices.
4 minute read

National Law Journal

Average Partner Pay in D.C. Is Climbing—but Not as Fast as Billing Rates

The average pay for Am Law 200 partners, including equity and nonequity partners, in D.C. has eclipsed $1.5 million.
3 minute read

The American Lawyer

The Practices With the Highest Jumps in Partner Pay

"It's definitely a good time to be a law firm partner," said Major, Lindsey & Africa's Louis Ramos, referring to a survey showing partners are relatively happy with their pay.
4 minute read

International Edition

Can AI Beat the Billable Hour? Legal Tech Firms Say Selling AI Products to Law Firms Still a Challenge

In-house teams continue to make up the majority of legal tech company clients and profit growth, tech leaders say.
6 minute read

The American Lawyer

Average Partner Pay 'Surges' in Both Equity and Nonequity Tiers

The average origination amount for a partner also shot up last year, amid a general trend of partners maintaining bigger books of business.
5 minute read

The American Lawyer

At Least a $5M Book of Business: Partner Expectations Tighten

More top law firms have initiated earnings expectations for their equity partners, such as at least $5 million to $7 million in business each year.
5 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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