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The American Lawyer

Big Law Firms Offering 'Mixed Bag' of Rate, Compensation Structures in Emerging Markets

"Our real value proposition is we provide coastal expertise at Midwestern rates," said one law firm leader. "You get a lot of bang for your buck."
6 minute read

Daily Report Online

Matching Highest Associate Pay Scale 'Not Feasible' for Many Southeast Law Firms, Observers Say

Many in the industry believed any increases in pay scales would be released next year for the 2025 calendar year rather than for 2024, said one Atlanta recruiter.
6 minute read

Law.com

The Law Firm Disrupted: Waiting on Cravath

Whether or not the New York firm opts to match associate raises announced by Milbank earlier this month will have an outsized impact on the behavior of the rest of the market.
4 minute read

Law.com

Judge Rejects Quinn Emanuel's $1,700 Hourly Rate Request, Slashing Fees for Virginia Settlement by Nearly 80%

Some of the rates requested by Quinn Emanuel—$1,690 per hour for a lead partner or $1,385 per hour for associates—were unrealistic for the Richmond, Virginia, market in the present case, the court found.
5 minute read

The American Lawyer

Law Firms Offer Income Partners 'Skin in the Game' With Partial Equity Status

"For purposes of accuracy and analysis, it would make things much more clear to the market if there were three tiers: income partner, hybrid and full equity," says one recruiter.
5 minute read

Law.com

Am Law 100 Firm Leaders Weigh In on Milbank Raises: The Morning Minute

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

Law.com

Associate Pay Raises Escalate GC Fears of Billing Rate Hikes: The Morning Minute

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

Daily Report Online

Lawyers Are Watching as Attorney Fees Slashed Over 'Value-Added' Calculation

"The problem with plaintiff's value-added model is that this calculation does not necessarily bear any relation to the amount of work actually expended in the case between the time of the settlement rejection and judgment," read Fulton County State Court Judge John R. Mather's order.
9 minute read

The American Lawyer

Top Performers 'Likely' to Raise Associate Pay After Milbank's Move, but Broad Hesitancy Lingers

The market hesitation was underscored by the lack of immediate, similar moves. Some firms were still waiting on other market leaders to move, sources said.
6 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

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