The Silence of the Partners Tom Borman, LawFuel contributing editor Kirkland & Ellis, the world’s top-grossing law firm, is playing it close to the vest again, this time with its new partner class. Being loud does not pay like discretion, apparently. As reported by AboveTheLaw, the firm has yet to formally announce or publicly list
Why Is The World’s Richest Law Firm So Quiet About Its New Partners? Read More »
Following months of market uncertainty, the summer bonus season at BigLaw has exceeded expectations with Milbank’s announcing special bonuses ranging from $6,000 to $25,000 for associates, a cascade of firms has followed suit. But a new trend is also emerging in the way compensation is being handed to associates.
While partners enjoy increased PEP rates with premium work, the competitive world of associate recruitment is seeing some major changes in the way law firms handle the compensation for their top performers at associate level.
The summer bonus season is seeing that trend play out.
More Big Law associates and partners are choosing to leave than ever before—citing burnout, lack of advancement and remote-era disconnection sparking a seismic exodus toward in-house, startups and boutique law career paths.
The Big Law conveyor belt, once seen as the golden escalator to prestige and partnership, is creaking under the weight of its own expectations.
Why Big Law Lawyers Are Walking Away: Exits, Burnout & New Legal Careers Read More »
Which UK Firm Takes The Top Partner Pay? Magic Circle firms post eye-watering PEP figures while associates wonder if they’ll ever afford London rent John Bowie, LawFuel publisher What a delightful time to be a BigLaw equity partner in London. While many mortals navigate inflation and mortgage rates that would make a loan shark blush,
BigLaw’s Pay Party: UK Partners Laugh All the Way to Their Third Homes Read More »
Damian Williams isn’t just another high-powered litigator making a lateral leap, he’s making waves, raising eyebrows, and possibly laying the groundwork for a pivot into politics. If you’ve been tracking the latest episodes in the “Trump v. Biglaw” saga, you’ll know this isn’t your average career hop. Williams, the former U.S. Attorney for the Southern District of New York, is stepping out of the white-shoe fortress of Paul, Weiss, Rifkind, Wharton & Garrison LLP just five months after arriving—and into the arms of Jenner & Block, where he’ll co-chair the litigation department out of their New York office.
Damian Williams Leaves Paul Weiss in a Move That Screams Politics Over Profits Read More »
59 A&O Partners Down and Counting as Partnership Shuffle Continues In the post-merger musical chairs at A&O Shearman, it seems quite a few partners couldn’t find a seat when the music stopped. Fifty nine partners have headed for the exit doors outside of Asia since the firm announced its plan to trim 10 percent of
Trump’s Law Firm Hit List Grows Tom Borman, LawFuel contributing editor When the former president decides your firm is next on his legal hit list, you’ve officially joined what might be the most exclusive club no one asked to join. That’s the predicament elite litigation powerhouse Susman Godfrey the litigation boutique that finds itself in
Susman Godfrey Vows to Fight Trump Executive Order Read More »
Big Law Partner Poaching and Payday Hostages Tom Borman, LawFuel Contributing Writer BigLaw is getting aggressive in its tactics to retain legal talent as the partner poaching and the big money that gets the big talent continues to disrupt the legal market. This trend reflects the growing competition for rainmakers and high-performing partners in an
Kirkland’s Bold Move to Keep Big Law Partners from Jumping Ship Read More »
Record Legal Fee Request Tom Borman, LawFuel contributing editor We reported recently on a record-breaking ‘first’ billion dollar legal fee in the Elon Musk executive compensation case – but away under-estimated – with the fee looking at several billion more. The lawyers who successfully challenged Elon Musk’s $56 billion compensation package as excessive are now
Hourly Rate Unveiled: Lawyers Pursue $6 Billion Legal Fee Tied to Musk’s Pay Package Read More »
Big Law firms in London are being eclipsed by the continued growth of the major US-based large law firms, a new report shows
Big Money US Big Law Firms Put The Heat On The Magic Circle Rivals Read More »
