Big Law

Winston & Strawn and Taylor Wessing UK to Combine

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Winston Taylor to build on shared vision and culture in establishing a transatlantic powerhouse for major litigation, critical transactions, strategic IP, and private wealth CHICAGO & LONDON–Winston & Strawn and Taylor Wessing’s UK-led business announced today their intention to combine, creating a premier transatlantic law firm that would operate under a new shared name, Winston Taylor. […]

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Pallas Partners Blows Up Cravath-Scale Bonuses in 2025 Bonus Wars

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Pallas Partners Outpaced Biglaw Bonus Scales Norma Harris Pallas Partners, the transatlantic litigation boutique headed by power lawyer Natasha Harrison, that’s been quietly building a reputation with elite hires on both sides of the Atlantic has just dropped a compensation grenade into Big Law’s year-end bonus melee. The firm’s associates and counsel will receive total

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Latham Raids Freshfields With Four-Star PE Coup

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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

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Mishcon in the Firing Line as ‘Secret Sale’ Sparks Explosive A$41 Million Court Ruling

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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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Paul Weiss Recruit Three Sidley Austin Partners in Finance Sector

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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.

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Saunas, Salons and 2,000 Hours – Inside Big Law’s ‘Wellness’ Arms Race

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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 . . .

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Weil Gotshal’s New Counsel Class Introduced

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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

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Orrick Hire 4 Person M&A Team From Norton Rose

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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

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Elon Musk’s X Drops $90M Fee Fight Against Wachtell Lipton

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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”

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