Big law

Law firms aren’t just trying to out‑pay each other anymore – they’re now in an amenities arms race, turning offices into luxury wellness bunkers so lawyers can bill 80 hours a week and still get their steps in, their hair done and their chakras aligned.

The money is still obscene, but the new game is: who can make the golden handcuffs feel most like a spa bracelet.

Newly qualified lawyers in London are now pulling up to around £180,000 in their mid‑20s, with top partners into the multi‑million‑dollar level, but the issue for law firms once everyone is paying nose-bleed money is to be the differentiator. Log in to read more . . .

In a year when lawyers in swanky glass towers were booking profits faster than partners could update their Patek Philippe collections, three new firms have crashed the Am Law 100’s exclusive “Super Rich” party.

Dechert, Cadwalader Wickersham & Taft, and Jenner & Block have all secured VIP access to the club where profits per lawyer hit at least $550,000 and revenue per lawyer tops $1.1 million.

Biglaw’s Trump Surrender Tom Borman, LawFuel contributing editor In what appears to be a growing trend across the US biglaw business, five additional major law firms have committed substantial pro bono resources in response to recent executive branch pressures. Kirkland & Ellis, Latham & Watkins, A&O Shearman, and Simpson Thacher have each pledged $125 million