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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

The American Lawyer

McKool Smith Issues Mid-Year Bonuses

"We know it's been a busy 2024 and want to show our appreciation for your contribution to the firm's continued success and the success of our clients," firm Chair David Sochia wrote in a memo provided to The American Lawyer.
3 minute read

The Recorder

Cashing In on Busy Year, Hueston Hennigan Offers Associates Midyear 'Reward.' Will Other Litigation Firms Follow Suit?

One recruiter noted it is "very rare to see bonuses halfway through the year," adding that the firm is likely using the bonus as a "retention tool."
5 minute read

The Legal Intelligencer

Culture Key to Remaining Competitive for Talent at Midsize Firms

"Less and less people are concerned with upward mobility as they were in years past," said Philadelphia-area recruiter Brian Levinson. "We live in a now moment, and they're worried about the now."
4 minute read

The American Lawyer

Lewis Brisbois Threatens Legal Action to Claw Back 'Overdistribution' to Former Partners

The firm allegedly failed to meet recent years' revenue targets on which it based prior draws.
6 minute read

National Law Journal

Amid Growing Battle for Talent, 3 DC and Virginia Firms Increased Their Equity Partner Pay Spreads

Six other Am Law 200 firms across Washington, D.C., Maryland and Virginia either kept these spreads at the same level between 2022 and 2023 or decreased the spread.
4 minute read

New Jersey Law Journal

'Hang Up Your Spurs': Longtime Fox Rothschild Partner Claims Age Discrimination in NJ Lawsuit

Former equity partner and corporate department chair Michael Kline says he was forced into an income partner role at the firm in 2018 on hitting age 73.
5 minute read

The American Lawyer

Milbank's Top Securitization Lawyer to Join Kirkland & Ellis

Michael Urschel joined Milbank last April as part of a 10-lawyer group from King & Spalding.
2 minute read

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

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