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The American Lawyer

Largest Law Firms Increase Partner Pay Spread, as Comp Models Hit 'Inflection Point'

The Am Law 100 upped its average equity partner pay spread from 9.8-to-1 in 2022 to 10.3-to-1 in 2023, according to a sample of firms' data.
7 minute read

The American Lawyer

What Does Big Law Stand to Gain From Slow AI Adoption?

Observers in the legal tech industry speculate that firms' caution stems from a commitment to a profitability model dependent on high leverage and hourly billing.
8 minute read

National Law Journal

Baker McKenzie Drops Suit Against IRS Seeking Details on Partnership Crackdown

Washington, D.C.-based partner George Clarke had sought to obtain a paper about document requests the agency made of partnerships, after an IRS lawyer at a conference mentioned plans to increase efforts to audit these entities.
2 minute read

The American Lawyer

The Back-Office Back Door to Nonlawyer Investment in Law Firms

Private equity-backed Briefly, which has acquired the back-office assets and personnel from distributed firms OGC, Scale and Rimon, offers one example. Federate, founded by a former Rimon leader, looks to do something similar with funding from legal industry insiders.
10 minute read

The American Lawyer

'Making Sure the World Knows We Are Doing It': Sullivan & Cromwell Formalizes AI Practice

The firm has been working on artificial intelligence since 2015, but the recent advancements in capability, along with growing amounts of money invested as well as ethical and political questions, demand a more focused approach.
4 minute read

The American Lawyer

The 2024 Second Hundred: An Investment Story

The Second Hundred trailed the Am Law 100 in almost every financial metric, but much of that could be attributed to building for the future.
9 minute read

The American Lawyer

The 2024 Am Law 200: At a Glance

An alphabetized listing of the Am Law Second Hundred firms and their core financial and census data.
4 minute read

The American Lawyer

Letter From London: A&O Shearman—How To Know If It's Working

Here are five things to look out for that will offer some insights into the merger's success before any clear financial metrics emerge, writes Law.com International Editor-in-Chief Paul Hodkinson in this bimonthly column.
7 minute read

Daily Report Online

As Equity Tiers Shrink, Big Law Grows Leverage

While some law firms may have increased leverage to boost profitability, firms may also change leverage because they need more associates to assist with complex cases, noted a law firm consultant.
6 minute read

Law.com

Law.com Reader's Poll: Are Generational Divides Affecting Law Firms?

Law.com wants to hear from you about how these divides are affecting law firm operations, employee communication, expectations, and law firm culture.
1 minute read

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