In a stunning twist of legal fortune, Quinn Emanuel, the litigation powerhouse known for its hyper aggressive courtroom tactics, (they relish the ‘most feared’ law firm title, remember) has seen its City profits skyrocket by 50 percent in the past year. This isn’t just your run-of-the-mill success story. We’re talking a whopping £196.6m in revenue […]
Fearsome Profits From the Fearsome Quinn Emanuel Read More »
Ben Thomson, BigLaw editor The great Perkins Coie & Hogan Lovells backdown on the bonus front has seen Big Law play chicken with their talent pool and boy, did it ever backfire. In a world where associates are the lifeblood pumping through the veins of legal powerhouses, the annual bonus season is somewhat akin to
The Great Law Firm Bonus Debacle of 2024 Sees Biglaw’s Blunders and Backpedaling Read More »
The Big Law compensation landscape is shifting faster than a lawyer’s billable hours during tax season. If you thought partner pay was already in the stratosphere, the liftoff has only just begun awith changes like the ‘black box’ compensation structure, new nonequity tiers, different bonus pools and other changes that bring the profession into a
Forget Wall Street: BigLaw Partners Are the New 1% – See Their Staggering Salaries Read More »
Ben Thomson, LawFuel contributing editor While most big law firms are handing out both regular year-end bonuses and special bonuses this year, a couple of major players – Hogan Lovells and Perkins Coie – decided to skip the special bonus part – until now. The regular year-end bonuses range from $20,000 to $115,000 depending on
The Great Bonus Divide And How Top Firms Are Splitting on Special Payments Read More »
Norma Harris, LawFuel contributor It’s been a top year for Paul Weiss Rifkind Wharton & Garrison who have now edged out aggressive corporate rivals to be anointed as the Big Law Lord of the Junge, clinching the coveted title of Law Firm of the Year for 2024. This accolade, bestowed by the American Lawyer, is
Paul Weiss Pick Up American Lawyer Law Firm of the Year Read More »
The global law firm Jones Day announces that the 37 lawyers listed below will be admitted to the Firm’s partnership effective January 1, 2025. “This class of new partners once again reflects Jones Day’s ability to provide our valued clients the guidance and legal solutions for their most complex business challenges across the globe,” said
Ben Thomson, Senior LawFuel editor In a twist that’s got the legal world buzzing, BigLaw’s bonus season is serving up some serious drama but the twist in the bonus tale is the boutique law firms that are flashing cash like it’s going out of style, while a few heavyweight players are giving the cold shoulder
Morgan Lewis has orchestrated a power play of significant proportions, swooping in to claim Kramer Levin’s entire 54-lawyer Paris firm. Let that sink in: 54 lawyers. One office. A single, decisive move that transforms Morgan Lewis into a force majeure in the City of Light. The timing might be one of strategic brilliance. As Kramer
Paul Weiss Shakes Up Partnership with Massive Promotion RoundPaul Weiss has elevated 34 lawyers to partner, nearly tripling last year’s cohort of 12, which is the firm’s first promotion round since introducing a non-equity partnership tier, though the exact number of non-equity partners remains undisclosed by the firm. The promotions heavily favor New York, with
Milbank has announced the closure of its Beijing office, becoming the 14th U.S. law firm to withdraw from mainland China this year as the firm’s sole partner in Beijing, Shepard Liu, retires and two associates depart. Despite the closure, Milbank has reaffirmed its commitment to the Asian market saying: “We remain very committed to Asia
The China Law Firm Exodus Continues With Milbank Joining The Departures Read More »
