NEXT
Sign in to follow

The American Lawyer

Latham & Watkins Grows Bonus Pool With 15% of Profits, as Firms Seek Flexibility to Reward Top Earners

While Latham has been gradually expanding its bonus pool, other firms have reallocated the value of share points to reach similar ends.
5 minute read

The Recorder

Lewis Brisbois Sued by Chinese Investors Over $92.5M Investment Loss

A group of 185 Chinese limited partners who put money into a $2.5 billion redevelopment project in Century City, Los Angeles, say the firm's "failure to exercise a modicum of diligence" helped cost them their entire stake.
4 minute read

The American Lawyer

Bonuses With Strings Attached Play Role in Partner Retention

Firms like Kirkland & Ellis and DLA Piper have used forgivable loans to bat away offers from rivals and Shearman & Sterling has used them to incentivize partners at the firm to stick around for the merger with Allen & Overy.
5 minute read

The American Lawyer

Gibson Dunn Breaks $3B Revenue Mark With Litigation, Transactions Firing on All Cylinders

Gross revenue was up 12.3% while profits per equity partner rose 13.4% during the firm's 28th consecutive year of revenue growth.
6 minute read

Daily Report Online

A 'Shocking Opinion'?: 'Duty to Defend' Under Fire in Ga. Court of Appeals Opinion

"There isn't a businessperson in the state that's not going to not lose the duty to defend because within [the new criteria," the defendant-appellee attorney said. "They can either have the financial wherewithal or can borrow it. ... It reaches so much further than it needed to go."
4 minute read

The Legal Intelligencer

Philadelphia Plaintiffs Attorneys Trade Suits Following Split

Thomas Duffy accused his former law partner Ken Fulginiti of withholding settlement fees on Wednesday, just a week after Fulginiti filed his own lawsuit—withdrawn a day later—accusing Duffy of defrauding him of millions.
4 minute read

Daily Business Review

Law Firms Have Been Giving Clients Discounts, But Those Reduced Rates Might Be Swelling Faster Than Standard Rates

Because of the large gap between standard and agreed rates, some firms have been able to raise rates for clients quietly. Now, there's seemingly pushback.
5 minute read

The Legal Intelligencer

Cozen O'Connor Sees Modest Growth in 2023, Owing to Diversified Revenue Stream

The firm's revenues climbed by 5.5% to hit $653 million. "We're not looking for a business that's up 20% in the good years and down 8% in the bad years," explained firm chairman Michael Heller.
6 minute read

The Legal Intelligencer

Former Phila. Trial Lawyers President Sued Former Law Partner Before Launching Own Firm

Ken Fulginiti accused Thomas Duffy Jr. of understating profits and spending revenues on "vanity expenses" and personal needs.
6 minute read

Pro Mid Market

Struggling With Succession Planning, Midsize Law Firms Consider Compensation Strategies

"Five years ago, if you said the phrase 'succession planning,' people's hair would catch on fire," Adam Smith, Esq. partner Janet Stanton said.
7 minute read

TRENDING STORIES

Law Pro Logo

Featured Firms

Law Offices of Gary Martin Hays & Associates, P.C.

(470) 294-1674

Law Offices of Mark E. Salomone

(857) 444-6468

Smith & Hassler

(713) 739-1250

More from ALM

More from ALM

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

Resources

  • Yearly Roundup: Strategic Insights for Law Firm Decision Making

    Brought to you by CARET Legal

    Download Now

  • Lex Machina Contracts: Commercial Litigation Report 2024

    Brought to you by LexisNexis®

    Download Now

  • White Collar Investigation Practice: Global Expertise in Complex Investigations

    Brought to you by HaystackID

    Download Now

  • Criminal Division's Evaluation of Corporate Compliance Programs: September 2024 Updates Review

    Brought to you by NAVEX Global

    Download Now