Latham & Watkins Boosts Partner Profit-Shares Ben Thomson, LawFuel Big Law & Lists editor Latham & Watkins has long stood in the shadow of its more profitable peers, and is poised for a dramatic surge in partner compensation. The firm is set to catapult its profit-sharing units by a staggering 17 percent for 2024, a […]
Latham’s Leap Sees Profit Surge Propels Firm to New Heights Read More »
U.S. Law Firm Shook, Hardy & Bacon Closes London Office Shook, Hardy & Bacon has announced the closure of its London office, marking another departure of a U.S. legal practice from the UK capital. The move from the Kansas-headquartered law firm comes as part of a strategic realignment and follows a trend of American law
Time’s Up For Another US Law Firm That Closes in London Read More »
Troutman Pepper and Locke Lord have tied the knot, creating a legal juggernaut with over 1,600 attorneys and a sprawling network of 33 offices across the U.S. and Europe as 2025’s first major law firm development. The newly minted Troutman Pepper Locke LLP is set to become a major presence in 10 of the largest
Troutman Pepper and Locke Lord Join Forces in Legal Merger Read More »
Flip-Flops and Fortune 500 Clients at Quinn Emanuel Tom Borman, LawFuel contributing editor Quinn Emanuel Urquhart & Sullivan, the world’s “most feared” law firm according to BTI Consulting, is redefining the traditional law firm experience with a fresh approach that’s turning heads in the legal world. Gone are the days of stuffy offices and rigid
The Work Anywhere Strategy Sees Quinn Emanuel Lure Top Legal Talent 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 »
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 »
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
Five men, including the CEO of the now-defunct law firm Axiom Ince, are facing serious criminal charges in a £60 million client money scandal that sent shockwaves through the legal community. The charges from the SFO follow a 15-month investigation after the SRA closed the firm in October 2023 soon after it had made the
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
