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The American Lawyer

Chasing Higher Performance, Top Firms Are Refreshing Comp Systems to Court Laterals

Embracing the nonequity tier, building bigger bonus pools and moving to a "black box" for individual earnings are all on the table.
11 minute read

The American Lawyer

Impressive Gains at Quinn Emanuel, Hogan Lovells, Milbank Suggest a Healthy 2023 for Am Law 100

"It's interesting to me that those in the top 50 did even better than those in the next 50," said Marci Taylor, a law firm strategy consultant and founder of Mantra Partner, in regard to early reports.
6 minute read

National Law Journal

As Associate Pay Raises Divide the Market, Several Law Firms Match, Others Hold Off

"Many do compete with the New York firms," said Wells Fargo's Owen Burman about D.C. firms. "But it's not universal."
5 minute read

Texas Lawyer

$1.9M in Attorney Fees Awarded—But No Lawyer Sanctions

The court found the plaintiff's attorneys reasonably spent 3,291 hours litigating the breach-of-contract and trade secrets misappropriation issues.
4 minute read

Daily Report Online

Kilpatrick, 'Getting Deeper and Broader' With Largest Clients, Sees 13% Profit Growth

The Atlanta firm decreased its equity partner tier by 7.6% to 106 partners, while its nonequity partner ranks expanded by 6% to 146.
5 minute read

The Legal Intelligencer

Schnader Harrison Faces Class Action Over Allegedly Misappropriated Attorney Compensation

The suit says that income partners and counsel were forced to defer a portion of their annual compensation into the firm's pension plan, despite the pension plan itself not requiring such a contribution, and that money was ultimately commingled with firm operating funds.
4 minute read

Pro Mid Market

Mid-Market Roundup: Women Lead in Connecticut Legal Scene, Defense Firm Sees High Verdicts as Opportunity

From women leaders claiming dominant roles in Northeast law firms, to one insurance defense firm's business strategy centered around nuclear verdicts and an Am Law Second Hundred firm exceeding top-market bonus pay, midsized firms are making news.
5 minute read

Pro Mid Market

Midsize Firms Use Bonuses, Culture to Compete for Talent After High Payouts for Associates

If midsize firms can't match the top of the market in associate compensation, they should tout other perks to potential recruits, said recruiter Steve Stone. For some, non-financial benefits include earlier access to client contact and work-life balance.
7 minute read

The Legal Intelligencer

Aggressive Rate Hikes, Strong 4th Quarter Collections Drive 2023 Revenue Growth for Phila. Firms

The six Philadelphia-based firms surveyed by Wells Fargo together increased revenues by 4.7%, compared to a nationwide average of 6.0%.
4 minute read

Pro Mid Market

How Midsize Firms Can Compete In Wake Of High Payouts For Associates

In response to recent raises to associate base salaries, midsize firms that can't match will reinforce the message that their associates have an accessible and meaningful career path, write Pro Mid Market columnists at recruiting firm The Foster group.
7 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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