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The American Lawyer

Succession Is Inevitable—Good Succession Planning Is Not

There is mass amnesia about how fragile law firms really are. Even storied firms can collapse when their fortunes change—and fortunes can change fast.
8 minute read

The American Lawyer

Shifting Between Guarantees and Fixed Shares, Law Firms Gets Flexible in Lateral Pay

Some firms are moving between guarantees and fixed shares to pay laterals, or using a blend of both.
6 minute read

The American Lawyer

$20M and Still Going: Is Partner Pay a Bubble?

According to some industry observers, $25 million to $30 million is the new top rung for valuable laterals, high-performing partners and some Big Law leaders. It's still very rare, but not unfathomable.
6 minute read

The American Lawyer

Big Law Leader: 'Stay True to Foundational Principles'

Current trends—overpaying at the top, avoiding fundamental change, and allowing culture to take a back seat to money—do not constitute a recipe for long-term success.
4 minute read

New York Law Journal

Lockstep Compensation Isn't Just for the Most Elite Law Firms

"There's no fighting over the origination or billing status," noted one midsize firm leader about lockstep pay.
5 minute read

The American Lawyer

What 10 Years of Experience Costs in the Am Law 100 Today

A lawyer admitted in 2014 could cost between $1,695 and $530, depending on which firm you hire.
2 minute read

The American Lawyer

Underperforming Partners Hurt Law Firm Profits, Survey Finds

Two in three firms are planning to act on partner underperformance in the next couple years, per Edge International's recent survey on partner performance management.
3 minute read

Law.com

The Law Firm Disrupted: Rising Billing Rates, Rising Partner Compensation

For buyers of legal services, the two phenomena of rising billing rates and rising comp unfolding simultaneously sends the wrong impression.
4 minute read

The American Lawyer

Midyear Associate Bonuses Are Catching Big Law Attention, but Will Other Firms Actually Follow?

"Could it get some of those firms thinking? I think it definitely could," said Stephanie Biderman, an associate recruiter.
5 minute read

Pro Mid Market

More Lawyers Are Giving Up Big Law Pay to Move to Midsize Firms. What's Driving Their Departures?

Midsize firms and boutiques are constantly selling their firms as a perfect landing zone for lawyers looking to leave Big Law because of price inflation and bureaucracy. Some firms have been finding increasing success with the selling points as downstream lateral moves have been on the rise.
5 minute read

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More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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