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Law.com

White Box vs. Black Box Compensation Systems

Having a compensation system that clearly outlines partner expectations, provides the partners with the ability to validate the results by communicating the results back to them does more to build collegiality than an opaque system that, by its design, promotes distrust and ill will among partners.
5 minute read

Daily Business Review

Phila.-Based Weber Gallagher Opens Florida Outpost With Fowler White Partner

"I don't want to sound pessimistic, but the time of the smaller insurance defense shop is probably going away," said Weber Gallagher chairman Andrew Indeck.
4 minute read

National Law Journal

Arnold & Porter Sees Revenue and Profits Jump, With PEP Rising 15% to $1.6M

The environment for counsel on government-facing issues was "quite strong" last year, driving demand across the firm's litigation, transaction and regulatory practices, said chairman Richard Alexander.
3 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 American Lawyer

Big Law Rates Continue Rising, But Trail 2023 Increases So Far

The average Am Law 50 firm upped its rates by 8% to 10% in 2024, according to bankruptcy records.
3 minute read

The American Lawyer

Where Are Big Law Billing Rates Growing the Fastest?

Some lawyers have seen a rate increase above 20%. Overall, lawyers in financial services and health care, and in markets such as Dallas and Houston, all saw notable rate hikes.
4 minute read

Law.com

Massachusetts High Court Amends Rules Regarding Disposition of Unclaimed IOLTA Funds

The amendments were adopted in response to the court's decision in the Matter of Olchowski (2020), which posed the question concerning the proper disposition of unidentified client funds on deposit in an Interest on Lawyers' Trust Account.
2 minute read

Law.com

Lack of Confidence in Fees and 'Subtle Psychology' May Hinder Profit: The Morning Minute

The news and analysis you need to start your day.
4 minute read

The American Lawyer

Even As Billing Rates Increase, Lack of Confidence in Fees and 'Subtle Psychology' May Lead to Less Profit

The majority of law firms believe write-offs will increase over the next year, even after many firms made these billing adjustments in 2023, according to new results of a survey of firm leaders.
5 minute read

Pro Mid Market

Utah's Maschoff Brennan Goes Bicoastal in Merger With Another IP Boutique

Newly formed Maschoff Brennan Gilmore Israelsen & Mauriel will have offices in California, New York and Utah. "We are certainly not resting on our laurels," said one leader in an interview. "We're interested in ... expanding our geographic base into markets that seem to make sense."
3 minute read

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