NEXT
Sign in to follow

The American Lawyer

Law Firms Seek Flexibility in Revised Partner Comp Systems, Balancing Seniority With Productivity

Though firms have different approaches, the momentum in partner compensation is heading toward merit-based rewards to compete for rainmakers and grow profitability.
9 minute read

The American Lawyer

Big Law Isn't Big In Raleigh, as Region's Start-Ups Prioritize Rate Flexibility

"I've worked with firms who find it difficult because they want the partners to charge X rate and they would lose a third of their business," said Charlotte-based Jordan Abshire, founder and managing member of Abshire Legal Search.
8 minute read

The American Lawyer

While Polsinelli Had a 'Lighter' Year in 2023, Firm Grew Profits 13%

The firm reached $856 million in revenue, and more than $1.9 million in average profits per equity partner, as its equity ranks stayed flat.
5 minute read

Law.com

Recruiting and Retaining Talent: Advantages of a Two-Tier Partnership Structure

While the one-tier partnership model ruled for a long period of time, today's competitive challenges exposed its limitations, particularly in terms of talent recruiting and retention, as well as client acquisition.
7 minute read

The American Lawyer

Amid Exits, FisherBroyles Develops Profit-Sharing Plan for 2024

The profit-sharing plans of both FisherBroyles and a spinoff firm are a departure from the usual practices of distributed law firms.
5 minute read

National Law Journal

DC Law Firms Have Gotten 'Head Start' on Billing and Collections Push

Steptoe has also been investing more in financial and budget professionals, alongside updating its financial systems, said firm chair Gwen Renigar, adding that "we have a much stronger modern infrastructure to help us all year long."
5 minute read

Law.com

How Some Big Law Firms Can Afford Associate Salary Raises: The Morning Minute

The news and analysis you need to start your day.
4 minute read

International Edition

Bryan Cave Leighton Paisner's UK Profit Dropped 63% Last Year, Accounts Show

The transatlantic firm attributed the drop to the global costs associated with its withdrawal from Russia in April 2022.
2 minute read

The American Lawyer

How Some Big Law Firms Can Afford Associate Salary Raises

Most of the law firms that have confirmed matches to the latest associate salary scale have PEP above $2 million a year and more than $1 dollars in gross revenue.
5 minute read

The Legal Intelligencer

Pa. Firm Leaders Turn Cautious Following Years of Optimism, According to Survey Results

The cautious outlook jibes with what firm leaders said about their revenues this year. Fewer reported seeing revenue increases than at any point since the pandemic.
6 minute read

TRENDING STORIES

Law Pro Logo

Featured Firms

Law Offices of Gary Martin Hays & Associates, P.C.

(470) 294-1674

Law Offices of Mark E. Salomone

(857) 444-6468

Smith & Hassler

(713) 739-1250

More from ALM

More from ALM

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

Resources

  • Data Management and Analytics: The Key to Success for Legal Operations

    Brought to you by DiliTrust

    Download Now

  • Small Law Firm Playbook: The Expert's Guide to Getting the Most Out of Legal Software

    Brought to you by PracticePanther

    Download Now

  • Strong & Hanni Solves Storage Woes--Learn How You Can, Too

    Brought to you by Filevine

    Download Now

  • Meeting the Requirements of California's SB 553: Workplace Violence Prevention

    Brought to you by NAVEX Global

    Download Now