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New York Law Journal

How New York's Top Boutiques Are Staying Competitive in Associate Compensation and Retention

Many New York-based boutiques—like Holwell Shuster & Goldberg and Cohen Ziffer Frenchman & McKenna—are staying close to or on the Cravath scale to be able to compete with firms like Kirkland & Ellis for the best associates.
5 minute read

The American Lawyer

How Do Law Firms Incentivize Nonequity Partners to Move Up the Ladder?

Provide a clear path forward for those willing to work for it, while providing justification for eliminating those who don't.
8 minute read

The American Lawyer

Duane Morris Uses Nonequity Partnership as 'Income Shifting' Device, Class Action Contends

San Diego nonequity partner Meagan Garland also claims the firm discriminates against attorneys of color and women in compensation decisions.
5 minute read

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

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