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International Edition

Law Firms 'Struggling' With Partner Pay Segmentation, as Top Rainmakers Bring In More Revenue

Some partners last year "doubled their book of business, and not just from $20 to $40 million, but $60 to $120 million," noted Blane Prescott. "More firms are struggling with: what should the top be?”
5 minute read

New York Law Journal

Dechert Sues Former Attorney for Not Returning Compensation

Dechert claims that former senior project attorney Kathleen Fay, who had been hired on a temporary basis, was erroneously paid more than $132,000 after her temporary work was revoked and that she has thus far failed to reimburse the firm.
4 minute read

The American Lawyer

Law Firms Are 'Struggling' With Partner Pay Segmentation, as Top Rainmakers Bring In More Revenue

Some partners last year "doubled their book of business, and not just from $20 to $40 million, but $60 to $120 million," noted Blane Prescott. "More firms are struggling with: what should the top be?”
5 minute read

International Edition

Law Firms Turn to 'Golden Handcuffs' to Curb Partner Movement

Many firms are increasingly implementing strategies such as clawbacks and deferred compensation to discourage partners from leaving, noted legal recruiter Mike Parrillo.
5 minute read

Corporate Counsel

Inside Track: AI Is Sure to Fray Big Law's Devotion to Billable Hour

If generative AI allows a task that used to take 100 hours to require only 50, suddenly billing by the hour loses its allure.
5 minute read

The American Lawyer

Law Firms Turn to 'Golden Handcuffs' to Rein In Partner Movement

Many firms are increasingly implementing strategies such as clawbacks and deferred compensation to discourage partners from leaving, noted legal recruiter Mike Parrillo.
5 minute read

Law.com

The Right Amount?: Federal Judge Weighs $1.8M Attorney Fee Request with Strip Club's $15K Award

Throughout the lengthy litigation, the plaintiff brought in dozens of attorneys from nationally-ranked firms like Nixon Peabody to boutique Chicago firms such as O'Rourke & Moody and Luetkehans, Brady, Garner & Armstrong, among others.
5 minute read

The American Lawyer

Are Counsel Ranks Getting 'Squeezed' as Nonequity and Associate Pay Grows?

When it comes to compensation raises for counsel, they can end up in “no man’s or no woman’s land,” said Jeff Lowe at CenterPeak.
5 minute read

International Edition

Law Firms Grapple With 'Friction' Over Nonequity Partner Pay

Pay for nonequity partners can approach or overlap with compensation of senior associates, counsel as well as some equity partners, firm leaders and consultants say.
6 minute read

The American Lawyer

Law Firms Grapple With Nonequity Partner Pay ‘Friction’

Pay for nonequity partners can approach or overlap with compensation of senior associates, counsel as well as some equity partners, firm leaders and consultants say.
6 minute read

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