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The American Lawyer

In Rare Lateral Exit, Wachtell Partner Ed Lee Jumps to Kirkland

Kirkland's hiring of rising M&A star Edward Lee escalates a talent war with New York lockstep firms like Wachtell.
3 minute read

International Edition

UK Firm Asks Some Partners to Work Fewer Hours on Reduced Salaries

The firm is the latest to introduce reduced hours and salaries in response to the pandemic.
3 minute read

The American Lawyer

Growth Slowed for New York's Elite Law Firms Even Before the Pandemic Hit

Some also took a hard look at their compensation models as revenue and profit growth cooled last year.
21 minute read

Law.com

Accelerate Uphill: Succeeding in the Tough Times

There are a significant number of firms that have been enjoying the downhill slope of the legal market for quite some time. However, over the last 2-3 years, many firms have been steadily pedaling and not looking up from their handlebars as often as they should. Now, with a looming slowdown in the economy, many lawyers are staring straight at an intimidating, uphill climb for the foreseeable future.
7 minute read

International Edition

Pinsents Cuts Hours, Salaries In Additional COVID-19 Move

The firm had previously announced that it would defer partner distributions and furlough some staff.
3 minute read

The American Lawyer

Katten Pairs Pay Cuts, Furloughs With Assistance Fund for Idled Employees

While implementing familiar cost-cutting measures, Katten Muchin Rosenman is also joining a smaller group of firms working to augment governmental assistance for affected workers.
4 minute read

International Edition

Stephenson Harwood Bucks Trend By Maintaining Bonuses, But Furloughs Some Staff

Though the firm has taken other measures, it is a rare move at a time when most firms have halted bonuses amid the COVID-19 pandemic.
2 minute read

International Edition

Entries Open For Revamped British Legal Awards

New awards for this year's November event at Hilton Park Lane include Crisis Management Team of the Year.
2 minute read

Daily Business Review

Akerman Implements Layoffs and Pay Cuts, Anticipating Difficult Second Half

The Am Law 100 firm had a good first half, its new CEO said, but the impact of the coronavirus on the coming months remains unclear.
2 minute read

International Edition

A Pandemic and a Major Partner Exit — Is Freshfields' Stateside Mission Under Threat?

The firm made waves last year with the hire of M&A guru Ethan Klingsberg. But will COVID-19 and a recent heavyweight departure reverse recent gains?
11 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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