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International Edition

UK's Top Partners Billing $1,300+ Per Hour Driven by US Rivals

"We know law firms have been using rates to increase that top line for a number of years and I suppose the question that arises is: 'How much longer is that possible?'"—PwC.
2 minute read

The American Lawyer

Rates Will Go Up (Again), But Here's Why Profitability Might Not Be Maximized

There are three major pricing errors, and many partners "don't grasp the balance between costs, pricing and profits," one expert says.
4 minute read

International Edition

A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership

The changes follow the news that the firm is to trim its partner numbers and withdraw from certain areas, as elite law firms seek ways to better reward top performers.
3 minute read

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

New York Law Journal

Law Firms Sue Clients for Unpaid Legal Fees as Big Law Collection Goals Ramp Up

Gibson Dunn, Baker McKenzie; ArentFox and Dorsey & Whitney are among those who have filed claims in New York lately, whether in court or arbitration.
4 minute read

The Legal Intelligencer

Phila., Del. Firms Handling UArts' Ch. 7 Petition Fall Far Below Top Bankruptcy Rates

Fox Rothchild's Michael Menkowitz, formerly the firm's financial restructuring and bankruptcy chair, has the highest rate among all the attorneys listed on the matter, bringing in $1,160 per hour.
3 minute read

The American Lawyer

Cutting Partner Compensation Becomes Routine in Big Law

Some firms are making sharper pay cuts of partners, helping them pay their top performers.
5 minute read

The American Lawyer

Are Single-Tier Partnership Law Firms Fighting the Wind?

Recruiting and retaining senior associates—that gold mine of Big Law leverage—may now be more challenging to single-tier firms.
6 minute read

The American Lawyer

Partner Cuts: The Grim Reality of Post-Merger Integration

A&O Shearman is now following the trajectory of other big law firm mergers that saw partner cuts shortly after deal completion.
7 minute read

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

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