US Law

The Big Simpson Thacher Intake – Largest Partner Promotion

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Simpson Thacher & Bartlett, one of the world’s leading international law firms, has announced its largest-ever partner promotion class, elevating 44 associates to partner effective January 1, 2025, representing a significant increase from previous years, with 12 more promotions compared to 2023. Simpson Thacher, a LawFuel ‘prestige list’ member, has grown to over 1,000 lawyers […]

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Milbank Announces Generous Year-End Bonuses for Associates

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US law firm Milbank is ringing in the holiday season early with the announcement of substantial year-end bonuses for its associates. The firm is known as a generous bonus payer, as we have reported recently. Milbank said this week that lawyers can expect to receive bonuses ranging from $15,000 to $115,000, based on their level

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The Big “Cravath Pay” Question For The Firm’s New Partners

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Tom Borman, LawFuel contributing editor Cravath, heading the LawFuel ‘Most Prestigous Law Firm List’ has announced its new partner class for 2025, and it’s a significant step up from last year, promoting seven attorneys to partner, nearly doubling the size of its 2023 class. But one of the big questions that will be interesting to

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How Proprietary Trading Firms Navigate SEC and CFTC Regulations

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The idea of proprietary trading firms, as we recognize them today, emerged in the 1980s, coinciding with the growth of hedge funds. Traders and investors who desired autonomy but were not interested in handling client funds discovered a perfect option by becoming proprietary traders. They set up traders to participate, using combined capital to achieve

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The “WTF” Reaction To MAGA Attorney General Candidate Matt Gaetz

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Ben Thomson, LawFuel contributor In a controversial turn of events that underscores the volatile nature of American politics, let alone with its president-elect Donald Trump, Florida Congressman Matt Gaetz stands poised to potentially lead the very department that once investigated him for serious allegations. The proposed appointment has left lawyers in a state of shock,

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Herbert Smith Opens New Doors in US With Merger

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Herbert Smith Merger

Ben Thomson, LawFuel contributing editor Another month, another law merger, this time a $2 billion revenue combination between Herbert Smith Freehills (HSF) and New York-based Kramer Levin. For Herbert Smith Chair Rebecca Maslen-Stannage (pictured) the merger furthers the firm’s US expansion ambitions. The new firm will have 2,700 lawyers and comes on the heels of

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Jack Smith – ‘You’re Fired’ – What Happens Now?

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What Happens To The Smith Prosecutions of Trump? Tom Borman, LawFuel contributor Donald Trump threatened to fire Special Counsel Jack Smith ‘within two seconds’ should he win the election. He’s won. Smith will effectively be fired. And the prosecutions will be discontinued. Special Counsel Jack Smith brought two major prosecutions against Donald Trump, one alleging

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The Trump Triumph . . Lawyers See A Surge in Demand For Legal Services

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Ben Thompson, LawFuel contributing editor Donald Trump’s election victory sees lawyers bracing for major changes in demand for their services, along with unprecedented uncertainty. Lawyers are anticipating a shift in regulatory landscapes and potential legal challenges across a wide range of practice areas, from regulatory to corporate and tax law. Environmental lawyers are gearing up

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