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The American Lawyer

Associate Pay Raises Escalate GC Fears of Billing Rate Hikes

Some GCs are voicing concerns about further rate hikes after associate pay raises. But Milbank's chair said the salary raises wouldn't have a material effect on its billing rate decisions in the future.
5 minute read

New Jersey Law Journal

'Lawyer Took Thousands From Me': Attorney Accused of Fraud

"I was not in a good place," said a client, who is also a lawyer. "They went through a whole iteration of their knowledge of the [Internal Revenue Code], and ... they seemed knowledgeable."
5 minute read

The American Lawyer

Milbank Raises Associate Salaries and Announces Year-End Bonuses

The firm's chair pointed to "a very, very busy year" across the firm—one in which productivity was "materially" increased, as well as increasing cost of living.
2 minute read

The American Lawyer

Wachtell Appoints New Leadership, Naming Nussbaum and Savitt as Co-Chairs

Ed Herlihy and Daniel Neff will remain on the firm's executive committee.
2 minute read

The American Lawyer

Cravath Adds Non-Equity Tier as Big Law Makes Structural Changes for Competitive Pay

Cravath has been approaching counsel-level attorneys about joining its non-equity tier since at least last summer, according to one Am Law 50 firm leader.
4 minute read

The American Lawyer

Deal Watch: Big Week for M&A, But Big Law Dealmakers Say It May Not Last

"The more significant challenge that leveraged M&A is facing is the breadth of available financing," noted Ethan Klingsberg at Freshfields.
8 minute read

Pro Mid Market

'There's More Trust in the Market': Inside the Rise of Law Firm Spinoffs

"People want to control their own destiny," one spinoff leader said. "And the number of successful spinoffs makes it easier… there is more trust in the market. Corporate America is more meritorious these days. They are looking for the best."
8 minute read

Law.com

Cost Pressure Causing Firms to Rethink Talent Development: The Morning Minute

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

The American Lawyer

Litigators Are 'Scrambling' to Staff Cases, Battling Rate, Revenue and Quality Challenges

Associate staffing shortages are creating acute frustrations among litigation partners, but it may be an uphill battle to find and hire the right associates to dissolve the tensions.
6 minute read

Law.com

Big Firms Less Bullish on Growing Leverage: The Morning Minute

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

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