Private Equity And Big Law Moves Paul Weiss, Quinn Emanuel and Proskauer have reportedly held preliminary conversations about outside capital, providing a key signal that private equity has found the back-office door into American law. LawFuel has been tracking that door since private equity first began eyeing Big Law and top firms started opening it.
BigLaw’s Private Equity Moment -The Next Deal Won’t Be Paul Weiss Read More »
Wachtell’s Summer of Love – And The Day Marty’s Firm Got Old What would brilliant lawyer Marty Lipton make of it? Restructuring and finance partners walking out in unison, litigation partners follow and a partner is filmed cosying up in Bryant Park when he should probably be billing. The once‑unthinkable idea of Wachtell Lipton coming
Wachtell’s Waterloo And The Chaos Marty Lipton Spent 50 Years Preventing Read More »
What Brown Rudnick’s Major Hire Signals For Big Law’s Lateral Wars Brown Rudnick has just fired another shot in Big Law’s lateral wars, landing the largest group hire in the firm’s history and using it to plant a fresh flag in Silicon Valley. The Boston‑headquartered firm has recruited a 34‑lawyer intellectual property litigation and patent
Brown Rudnick’s 34‑Lawyer IP Raid Shows Big Law’s Lateral Arms Race Is Far From Over Read More »
And The Lawyer Who Stands To Lose Millions In The Transfer Deal The Central Park “canoodling couple” story we covered this week may have dominated social media, but the story surrounding Wachtell, Lipton, Rosen & Katz keeps growing. Fresh claims published by the New York Post allege that William “Bill” Savitt, the ‘law star’ trial
Second Office Romance Report Deepens Wachtell’s Extraordinary Week Read More »
Macfarlanes has done it. Average pay for full-equity partners at the elite City firm has risen 8% to £3.1 million, smashing through the £3 million mark and leaving its larger Magic Circle rivals trailing by roughly a million pounds each. Turnover climbed more than 10% to £371.4 million, generating operating profit of £206.5 million. The
Macfarlanes Hits £3.1m PEP – Proof That Staying Small Still Beats the Magic Circle Read More »
Savitt Leads Six‑Partner Move to Gibson Dunn The departure of a big name rainmaker from a Big Law firm like Wachtell Lipton Rosen & Katz has reverberated around the legal market with the departure of litigation leader and co‑chair William Savitt. Savitt is taking five Wachtell partners with him, marking a rare exit from Wachtell
Shock Move Sees Wachtell Litigation Stars Walk to Rival Read More »
Justice Department demands records and depositions from firms that settled and those that fought Trump executive orders, reviving questions over executive power, privilege and law firm independence The U.S. Justice Department has subpoenaed 14 major law firms as part of its response to an ABA lawsuit challenging Trump‑era executive orders and alleged intimidation of the
Trump DOJ Subpoenas 14 Big Law Firms in ABA ‘Intimidation’ Fight Read More »
Private equity can’t own a US law firm. So it bought everything else — and 2026 is the year the profession worked out that this was not a hypothetical. Ben Thomson, LawFuel contributing editor For decades the answer to “can outside investors own a piece of your law firm?” was a flat no, and the
The Great BigLaw Heist. How Private Equity Is Buying Law Firms Through the Back Door Read More »
Ben Thomson, LawFuel contributing editor Norm Ai’s latest funding round does more than crown the New York‑based startup as a $1.2 billion legal tech unicorn but displays full‑stack model for delivering complex legal work that sits very close to Big Law’s core business. The legal AI ‘infrastructure provider’, founded by John Nay (pictured), sits with
Australia is on the cusp of producing its first A$10 million‑a‑year law firm partner – and the smart money says that partner will sit at Corrs Chambers Westgarth or Gilbert + Tobin, according to a legal journalist who should know.
Veteran legal affairs journalist Michael Pelly made the claim in his Capital Brief’s Prima Facie newsletter, reporting that Australian legal partner earnings at the very top of the market have accelerated sharply since the pandemic, driven by fierce competition for rainmakers and a sustained boom in high‑value corporate work.
Log in to read . .
Australia’s First $10 Million Law Partner? The Race Is On Read More »
