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 »
Corrs Chambers Partner Attrition Continues Ben Thomson, LawFuel Big Law editor The ongoing departures from Corrs Chambers Westgarth has highlighted the issue of inter-firm movement (ie lateral hires) that has become more aggressive in recent years in major jurisdictions, including Australia. And the response from law firms has been to alter remuneration levels for incoming
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 »
Cozen O’Connor Canadian Law Move Cozen O’Connor has been actively pursuing as growth trend in Canada to compete toe-to-toe with major Canadian law firms and it has now made a major move in Vancouver with the recruitment of nine lawyers from Clark Wilson. The addition of the lawyers represents a significant expansion for the firm.
Cozens Grow Canadian Legal Footprint With 13 Lawyer Addition Read More »
Two-Tier Partnership Growth The two-tier partnership model in law firms continues its upwards trajectory with WilmerHale joining the growing ranks of big law firms embracing the structure. Only a handful of Am Law 100 firms now cling to the traditional single-tier model, as the law profession continues to evolve in response to competitive pressures. The
London Legal Scene Shaken By Firm Closure US law firms have made big waves in the London law scene particularly with their stellar pay packets and wage wars, but they are also feeling the heat of the competitive London legal scene with a major firm closing shop in the City. The biggest American players in
From Missouri to Mayfair And How One US Firm’s London Gamble Went Bust Read More »
The London Law Market Moves Davis Polk has made a significant move in London by hiring Gordon Milne, a senior private equity partner from A&O Shearman, the second partner to join the firm following the recruitment of former finance practice co-chair from Paul Hastings, Luke McDougall. Traditionally, Davis Polk has maintained a relatively small presence
Davis Polk Expands London Law Footprint With A&O Shearman Hire Read More »
The Lateral Move Issues Facing Big Law Ben Thomson, LawFuel Big Law editor We have written much lateral about lateral movements in big law firms and ‘partner poaching’, such as this week’s lateral hire of a key legal team from Lathams and acquired by Sidley Austin, but what happens when these major fee earners leave
What Happens When Big Law Partners Leave Their Firms? Read More »
Sidley’s Law Star London Swoop Ben Thomson, LawFuel contributor Five key members of Latham & Watkins’ finance division in London have moved to Sidley Austin, including notable Latham partners Jayanthi Sadanandan and Sam Hamilton, alongside three other partners whose identities have not yet been disclosed. The move is another ‘partner poaching’ move that exemplifies the
Latham Law Star Moves To Sidley Austin In Surprise Move Read More »
The ‘M-For-Money’ Milbank Bonus Payout Milbank is awarding seniority-based associate bonus payouts of up to $25,000 to its associates and counsel worldwide, which could lead to another ‘bonus bump’ for associates among big law firms. According to an internal memo, bonuses for first-year associates will begin at $6,000 and increase with seniority, with payments scheduled
Milbank’s Associate Bonus Payout Could Lead to Bonus Bump For Other Big Law Firms Read More »
