Davis Polk today announced that the firm will open an office in Los Angeles, its first in Southern California. The office will be led by leading litigator Jason Russell, who joins the firm today as a partner in the Civil Litigation practice. Partner Rob Morrison, who joined Davis Polk in 2025 to extend the reach […]
A decade ago, $6 million was considered a breathtaking partner payday at a top US law firm. Today, that figure barely cracks the Am Law 100’s top ten. The 2026 Am Law 100 rankings, reflecting 2025 financial performance, tell the story of an industry that has fundamentally reset what “profitable” means: $178.95 billion in aggregate revenues, a $12.15 million average payout for equity partners at Wachtell Lipton, and Kirkland & Ellis becoming the first law firm in history to surpass $10 billion in annual revenue.
The rich got richer, the gap widened, and almost nobody at the top is apologising for it.
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$12 Million Paydays, a $10 Billion Firm, and Biglaw’s Best Run in Years Read More »
LONDON, 28th April: Leading independent law firm Farrer & Co is pleased to announce the promotion of four new partners and two new senior counsel, effective 1 May 2026. Georgina Fraser (Pictured, Corporate), Oliver Blundell (Dispute Resolution), Oliver Lock (Reputation Management) and Gary Hopkins (Risk and Compliance) will join the partnership, reflecting their significant contributions and their
UK Law – Farrer & Co announces new partner and senior counsel promotions Read More »
Manual Ayala – Law firm AI creator and manager and owner of AI Vortex The BigLaw AI exodus everyone’s citing is six people at one firm. The bigger story is what happens when private capital decides it has a better theory of legal services than law firms do. Ten named partners have left BigLaw for
DLA Piper is scrapping its Swiss verein structure and pulling the operation under a single leadership umbrella after partners in both its US and International LLPs voted overwhelmingly in favour.
The firm is betting that a more unified structure will make it easier to chase high-value, cross-border work and compete for top-tier talent without the usual internal friction that verein structures quietly encourage.
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DLA Piper Votes Overwhelmingly to Scrap Verein Structure Read More »
In yet another high-profile reminder that AI “hallucinations” remain a clear and present danger to even the most sophisticated law firms, Sullivan & Cromwell (S&C) has formally apologised to New York federal bankruptcy judge Martin Glenn after a major court filing in the Prince Group restructuring contained fabricated citations and misquoted the U.S. Bankruptcy Code.
Sullivan & Cromwell Apologises to Judge After Fabricated Citations Exposed Read More »
The Power Legal AI Stack High‑Performing Law Firms Are Betting On The legal profession doesn’t do disruption quietly. When it comes, it comes fast — and right now, AI is rewriting the economics of legal work at every level, from the Magic Circle to the solo practitioner billing from a spare bedroom. This is LawFuel’s
Partners at Cadwalader, Wickersham & Taft and Hogan Lovells have just delivered the final, resounding “yes” on what the industry is already calling the largest law firm merger in history. The votes closed this month, clearing the runway for the combined firm — Hogan Lovells Cadwalader — to open its doors on July 1 with a projected $3.6 billion in annual revenue and roughly 3,100 lawyers spread across the Americas, EMEA, and APAC.
It’s the kind of deal that makes managing partners lose sleep and rainmakers salivate. Cadwalader, Wall Street’s oldest firm, brings its legendary finance, structured products, and capital markets firepower.
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Latham & Watkins LLP (Latham) has reported record financial results for fiscal year 2025 (ended 31 December 2025), with global gross revenue reaching $8.3 billion, representing an 18.6% increase from approximately $7 billion in 2024. Profit per equity partner (PEP) rose 21.3% to approximately $8.7 million.
The standout achievement is the firm’s London office, which crossed the $1 billion revenue threshold for the first time (up from approximately $850 million in 2024, equating to growth of more than 17%)
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Dechert Law have boosted their Washington DC practice with the addition of three former White & Case lawyers with significant litigation experience in everything from government contracts to sports law. The firm’s media statement making the announcement is below – Dechert LLP continues to build on the momentum of its expanding litigation practice with the
Dechert Recruit Trio of Litigators From White & Case Washington DC Office Read More »
