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- White & Case Hits $3.6bn — And It’s Just Getting Warmed UpWhite & Case has delivered another record-breaking year, posting an 8.5% revenue increase for 2025 to reach $3.6 billion Legal Business — and signalling loudly that this… Read more: White & Case Hits $3.6bn — And It’s Just Getting Warmed Up
- $11 Million a Partner -The Big Law Pay Story That Makes Every Other Firm’s Numbers Look ModestKirkland & Ellis just changed the frame for the entire industry If you write about lawyers for long enough, you make a quiet peace with the gap between your pay packet and theirs. This week, however, Kirkland & Ellis has made that gap feel almost cosmic. Equity partners at the world’s highest-grossing law firm averaged $11.1 million each for 2025 – a 20% increase on 2024. The major money figure places Kirkland’s partners in the earnings bracket of a top Premier League footballer, at roughly £22,500 a day. The firm simultaneously became the first law firm in history to break $10 billion in revenue, posting $10.56 billion for the year.
- The Private Equity Lawyer Who Will Run Weil GotshalWhen Weil, Gotshal & Manges announced last week that Ramona Y. Nee will succeed Barry Wolf as Executive Partner from January 2027, the news landed with the quiet inevitability of a deal that everyone saw coming. Wolf, who has steered the firm for 16 years, called her “uniquely suited.” He was not exaggerating. For nearly a quarter-century Nee has been the quiet engine of Weil’s U.S. private equity practice and the beating heart of its Boston office. Now the firm is handing her the keys.
- Is This The Billable Hour’s Last Stand? Anthropic’s Top Lawyer Thinks SoThe legal profession has survived recessions, regulatory upheavals and the occasional partner meltdown. But the next threat to BigLaw’s favourite revenue model may come from something far less dramatic. A machine that reads faster than any associate and which could spell the end of the infamous ‘billable hour’, which has been touted as being in its end time for some time.
According to Jeff Bleich, general counsel at AI company Anthropic, (pictured) the traditional billable hour could soon be on borrowed time.
- DLA Piper Makes A Big Bet By Ditching the Verein for a New Global StructureUpdated 16 March with clarification on the DLAPiper profit pool arrangements following the restructuring.For years, the Swiss verein has been BigLaw’s favourite legal fiction as a neat… Read more: DLA Piper Makes A Big Bet By Ditching the Verein for a New Global Structure
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- White & Case Hits $3.6bn — And It’s Just Getting Warmed Up
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- The Law Firm’s Red Faces Over Pink Ice-Cream Maker Women’s Day Outrage
White & Case has delivered another record-breaking year, posting an 8.5% revenue increase for 2025 to reach $3.6 billion Legal Business — and signalling loudly that this… Read more: White & Case Hits $3.6bn — And It’s Just Getting Warmed Up
Kirkland & Ellis just changed the frame for the entire industry If you write about lawyers for long enough, you make a quiet peace with the gap between your pay packet and theirs. This week, however, Kirkland & Ellis has made that gap feel almost cosmic. Equity partners at the world’s highest-grossing law firm averaged $11.1 million each for 2025 – a 20% increase on 2024. The major money figure places Kirkland’s partners in the earnings bracket of a top Premier League footballer, at roughly £22,500 a day. The firm simultaneously became the first law firm in history to break $10 billion in revenue, posting $10.56 billion for the year.
When Weil, Gotshal & Manges announced last week that Ramona Y. Nee will succeed Barry Wolf as Executive Partner from January 2027, the news landed with the quiet inevitability of a deal that everyone saw coming. Wolf, who has steered the firm for 16 years, called her “uniquely suited.” He was not exaggerating. For nearly a quarter-century Nee has been the quiet engine of Weil’s U.S. private equity practice and the beating heart of its Boston office. Now the firm is handing her the keys.
The legal profession has survived recessions, regulatory upheavals and the occasional partner meltdown. But the next threat to BigLaw’s favourite revenue model may come from something far less dramatic. A machine that reads faster than any associate and which could spell the end of the infamous ‘billable hour’, which has been touted as being in its end time for some time.
According to Jeff Bleich, general counsel at AI company Anthropic, (pictured) the traditional billable hour could soon be on borrowed time.
Updated 16 March with clarification on the DLAPiper profit pool arrangements following the restructuring.For years, the Swiss verein has been BigLaw’s favourite legal fiction as a neat… Read more: DLA Piper Makes A Big Bet By Ditching the Verein for a New Global Structure
