Tom Borman, LawFuel contributing editor Cravath, heading the LawFuel ‘Most Prestigous Law Firm List’ has announced its new partner class for 2025, and it’s a significant step up from last year, promoting seven attorneys to partner, nearly doubling the size of its 2023 class. But one of the big questions that will be interesting to […]
The Big “Cravath Pay” Question For The Firm’s New Partners Read More »
The Big Law Pay Structure Upset Albert Goodwin, LawFuel Big Law editor Big law pay structure moves have been very much in the news of late, but now a move but A&O Shearman has bucked a recent trend by big law firms towards a salaried partner tier by having a full all-equity pay model. A&O
Another Big Law Pay Structure Move As A&O Shearman Bucks A Trend Read More »
Another non-equity partnership tier is added to a big law firm as Cleary Gottlieb Steen & Hamilton make a strategic move to join other big law firms in the non-equity partnership ranks. Cleary’s adoption of a non-equity partnership tier marks a departure from its traditional single-tier structure, where all partners held an ownership stake in
Cleary Gottlieb Joins Growing Trend of Non-Equity Partnership Tiers Read More »
The Top Paying Law Firms In 2024, law firms continue to offer lucrative compensation packages in the US, UK and elsewhere, with commercial law firms, particularly those specializing in Mergers & Acquisitions, private equity and other deal-making law firms leading the pack in terms of revenue and lawyer salaries. We have reported the Vault law
Top Paying Law Firms of 2024: Salaries and Industry Insights Read More »
The London Law Battle For Legal Talent In a move that sent further ripples through the London law world, Slaughter and May has joined the fray in the ongoing salary war for junior lawyers, announcing a substantial 20 percent increase in newly-qualified (NQ) associate salaries, boosting the annual pay packet to £150,000, aligning the firm
Slaughter and May Join The London Law Firm Wage War Read More »
Kirkland & Ellis continues to set the pace for talent acquisition and retention strategies as it announces the recent renewal of its $50,000 associate referral bonus program, which serves as a testament to the fierce competition for legal talent, especially amid the current uptick in transactional work. The move is likely to inspire similar initiatives
Big Law Pay Rates Continue With Kirkland & Ellis Bonus Program Read More »
Ambitious Attorneys Are Shattering Pay and Partnership Norms Law firms are witnessing an unprecedented surge in partner compensation, with top-performing lawyers in Big Law firms commanding salaries that exceed $20 million annually with suggestions that that figure will be surpassed to as much as $30 million. AbovetheLaw reported on Law.com’s report (this is what legal
What Are The Surprising Skills Driving Today’s Best-Paid Big Law Pay Rates? Read More »
Cleary Gottlieb Steen & Hamilton LLP has made headlines with its readiness to offer up to $20 million for lateral partner hires as the intensely fought lateral-hiring frenzy continues unabated among big law firms. The development not only underscores the firm’s commitment to competing at the highest levels of the legal market but it underscores
We reported on Dallas-based litigation boutique McKool Smith hitting one of the top spots in the ‘big law salary scale’ even though the firm is yet to hit the ‘big firm’ ranking with its 130 lawyer-strong team. But McKool Smith, billing itself as a ‘Powerhouse Litigation Firm’, which specializes in high-stakes patent cases and other
Litigation Powerhouse On Track For Mid-Year Bonus Payouts Read More »
Will the London Law Salary War Polarize Law Firms? As more law firms continue to ratchet up their pay rates in the London legal market there is only going to be increased competition for legal talent in London with salaries reaching what the Financial Times called ‘insane’. The salary increases for newly qualified lawyers at
