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The American Lawyer

'Staggering' Jump in Law Firms Planning to Expand Nonequity Partner Ranks

The average annual growth in income partner classes at some of the most profitable firms between 2017 and 2022 was 13.4%, while at other large, two-tier partner firms, it was 4%, according to a report this week.
4 minute read

The Legal Intelligencer

Transactional Turbulence Made 2022 a Mixed Bag for Pennsylvania Firms

Dips in transactional work translated into a mixed-bag of financial results for Pennsylvania's Am Law 200 firms in 2022, as they returned to reality after 2021's glut of hiring, transactional work, and revenue increases.
7 minute read

Law.com

Can the Distributed Law Firm Model Still Work?: The Morning Minute

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

The American Lawyer

Citing Health-Related Reasons, Proskauer's Chair to Step Down

Proskauer will have an election to fill Steven Ellis' position in January, with the newly elected chair taking the reins in April 2024, according to managing partner Daryn Grossman.
3 minute read

The American Lawyer

Despite Expense 'Dent' From Pay Raises, Law Firms Expect to See Rebound in Transactional Practices

Firms can anticipate a rebound in transactional practices heading into 2024. "As such, we expect 2024 to be a better year than we saw in 2023," said Citi and Hilderbrandt Consulting in a new report.
6 minute read

The American Lawyer

Full Circle: Milbank Matches Latest Associate Pay Scale

Milbank's mid and senior associates are getting another pay raise.
2 minute read

Law.com

Law Firm Leaders Less Bullish on 2024: The Morning Minute

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

The American Lawyer

Deal Watch: Wachtell, Ropes Lead $10B Biotech Deal, and M&A Landscape Could Use Fewer 'Shock Waves'

Deals continue to come in, though not at a pace most would prefer. Debevoise's Michael Diz said the last couple of years have been one shock after another.
6 minute read

The American Lawyer

Year-End Bonuses Top $300K for Several Boies Schiller Associates

The litigation shop's formula compensation system rewards associates for originating clients and contributing to contingency cases.
2 minute read

The American Lawyer

'Not A Rosy Outlook': Law Firm Leaders Are Less Bullish Heading Into 2024

Even before some firms embraced associate salary increases, the legal industry appeared less optimistic heading into 2024 than they were going into 2023, according to a recent survey.
5 minute read

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