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Paul Weiss Sheds Litigation Associates Citing Performance Reviews as Firm Navigates Litigation Slowdown

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Paul, Weiss, Rifkind, Wharton & Garrison has parted ways with several litigation associates following its annual performance review cycle, possibly marking a structural change from the relatively recently annointed firm chair Scott Barshay (pictured).

According to reporting by The American Lawyer, the New York-based firm, which has long prided itself on avoiding public layoffs, including during the 2008 financial crisis and the 2022 financial correction . . Log in to read more . . .

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A&O Shearman Job Cuts Amidst Post-Merger Push For Tech-Driven Ops

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A&OShearman

A&O Shearman has cut up to 20 business services roles in its London office as the firm continues its post-merger push for smarter, tech-driven operations. The reductions, which hit finance, marketing and IT teams, were confirmed by the firm on 7 May. No partners or fee-earning lawyers were affected. An A&O Shearman spokesperson said the

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Average Lawyer Salary 2026: BLS Data by State, Practice Area & Experience

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Lawyer Salaries 2026 – Annual Compensation Report | LawFuel

If you are a lawyer reviewing your options in 2026, the latest data from the U.S. Bureau of Labor Statistics (BLS) and major legal compensation surveys makes one thing clear: location, specialty, and experience still dictate everything.

The national median lawyer salary stands at $151,160 as of the BLS Occupational Employment and Wage Statistics (OEWS) survey for May 2024 — the most recent official release — with approximately 747,750 lawyers in paid employment across the country. The national mean wage for lawyers is $182,760, reflecting how strongly the top earners pull the average upward.

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$12 Million Paydays, a $10 Billion Firm, and Biglaw’s Best Run in Years

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AMLAW100 story

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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Musk v Altman: The Lawyers Running the Biggest AI Trial on Earth | LawFuel

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Musk altman case

The Musk v Altman trial is being sold as a grudge match between two tech billionaires over the future of artificial intelligence. But the real contest is between two skilled commercial litigators. Elon Musk has turned to New York trial lawyer Steven Molo of MoloLamken who delivered his opening statement in Oakland to a nine-person jury on April 28, 2026 with Morgan Chu of Irell & Manella’s Los Angeles office playing a supporting role having been lead counsel on Musk’s original state court filings.

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Private Equity MSO Deal Lawyers – The Holland & Knight Lawyers Closing 15+ Law Firm Transactions in Six Months

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By Ben Thomson, LawFuel contributing editor| April 28, 2026 The quiet revolution in law firm ownership is no longer quiet it appears as Holland & Knight is proving. Private equity and venture capital are pouring into the legal industry as we have reported and they are now working through management services organizations (MSOs), which is

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Lateral Hiring Surges 16.4% in 2025: Small Firms Crush It With 44% Growth as Talent Wars Accelerate

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Lateralhire

The U.S. law firm lateral market shows healthy expansion and also provides a strategic shift toward senior leverage and a surprising surge at smaller firms.

According to the National Association for Law Placement (NALP) 2025 Survey of Law Firms on Lateral and 3L Hiring (released April 22, 2026), total lateral hiring volume rose 16.4% year-over-year among the 305 offices/firms reporting comparable data.

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Sullivan & Cromwell Joins the AI Hall of Shame — and the Irony Is Exquisite

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Sullivan cromwell lawfuel

John Bowie, LawFuel Publisher There is a Hall of Shame forming in American courtrooms, a growing roll-call of prestigious law firms undone by chatbots who display Trumpian confidence and a loose relationship with reality. For three years, the admission criteria have been simple: file a brief citing cases that never existed, apologise to a federal

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Hogan Lovells Cadwalader Partners Approve Biggest Law Firm Merger Ever — Big Law’s Latest Power Play for Scale in a Shrinking World

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Merger vote lawfuel

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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