Why Female Law Firm Leaders Are Changing the Business of Law Norma Harris, Lawfuel writer Women now lead an unprecedented slice of Big Law. The club is still small but it is richer, louder and far more important than most firms care to admit. In 2014 a handful of women who ran some of the […]
Lathams Law Raid Latham & Watkins has raided Freshfields’ in Germany to secure four of Europe’s most pedigreed private equity partners – Markus Paul, (pictued) who has two decades’ of deal-making experience behind him, Wessel Heukamp, Verena Nosch and Carsten Haak. The raid comes from a firm already sitting atop Bloomberg’s global M&A rankings, now
In a stinging rebuke to ethical back-room deals, an Australian Federal Court has found that Jason Karas, former partner at Lipman Karas (now LK Law), secretly brokered a deal to hand over the firm’s Hong Kong practice to London legal powerhouse Mishcon de Reya.
The court ruled that Karas negotiated the deal without informing his co-founder Skip Lipman or disclosing the extent of the transfer.
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Mishcon in the Firing Line as ‘Secret Sale’ Sparks Explosive A$41 Million Court Ruling Read More »
Paul Weiss has added to its New York finance practice by hiring three finance partners from Sidley Austin. He has advised on financing transactions ranging from US$20 million to over US$15 billion, including syndicated and privately placed financings, recurring revenue-based facilities, financings marketed in the United States for the acquisition of European and Asian targets.
Paul Weiss Recruit Three Sidley Austin Partners in Finance Sector Read More »
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 . . .
Saunas, Salons and 2,000 Hours – Inside Big Law’s ‘Wellness’ Arms Race Read More »
Weil, Gotshal & Manges LLP, recently shortened its partnership track to 7.5 years to attract top talent. Partner compensation is collaborative, without origination credits, and was revised in 2024 to prioritize client relationship expansion based on internal reviews. The firrm has 1200 lawyers and 280 partners across three continents. This week the firm announced its
Orrick Herrington & Sutcliffe has recuited four M&A and private equity lawyes from Norton Rose Fulbright in Munich boosting the firm’s European transactional firepower. The firm’s media statement on the hires is below – “We’re excited to add a top-quality team with experience in the most sophisticated German and cross-border work for leading public companies
In a swift legal pivot, Elon Musk’s X Corp has voluntarily dismissed its high-stakes $90 million lawsuit against powerhouse law firm Wachtell Lipton Rosen & Katz, closing a bitter chapter from the chaotic 2022 Twitter takeover. Filed in San Francisco Superior Court back in 2023, the lawsuit accused Wachtell of pocketing an “improper bonus payment”
Elon Musk’s X Drops $90M Fee Fight Against Wachtell Lipton Read More »
Clifford Chance, is preparing to eliminate up to 50 London-based business services roles, roughly 10 percent of its London back-office cohort, in a move that underscores how generative artificial intelligence (AI) and offshore operations are reshaping Big Law.
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Clifford Chance cites AI gains as it axes 10% of London back-office team Read More »
Cravath Fires the Starting Gun, Milbank Plays Coy, and Everyone Scrambles Like It’s Black Friday Sonia Hickey Bonus season – that magical time of year when Biglaw associates pretend to care about “firm culture” while frantically refreshing their inboxes, praying for a six-figure dopamine hit before the holiday eggnog kicks in. As of November 20,
