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- Burford Capital Isn’t Just Financing Suits Anymore; It’s Trying to Own the Firm TooBurford Capital the litigation finance behemoth wants not just to bankroll lawsuits but to buy stakes in actual U.S. law firms. The move isn’t your garden-variety PE play; it’s a direct challenge to the profession’s no-capital-external-to-the-firm orthodoxy. Burford, under the ever-quotable Jonathan Molot, (pictured above) told the Financial Times he is floating a structure ripped from healthcare and accounting playbooks: split a law firm into two entities, a lawyer-owned practice handling client work, and a Managed Service Organization (MSO) holding assets and providing back‑office muscle in exchange for a cut. It’s a classic “external capital without violating ethics rules.”
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- Hot Summer Bonuses At BigLaw Conceal A SecretFollowing 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.
- BigLaw Pay Race 2025: How High Big Law Pay Rates Go Before They Crack?If you thought the Great Legal Pay Spike was last year, think again. At present Duane Morris is under fire in a partner-pay class-action suit, amid allegations of misclassifying non-equity partners to dodge taxes and benefits—even as women and minority partners allegedly earned less. That in itself sent ripples through partner compensation practices nationwide. But perhaps more gripping: the Financial Times reports top corporate partners billing over $2,500/hour and annual earnings soaring above $25 million.
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- Why Big Law Lawyers Are Walking Away: Exits, Burnout & New Legal CareersMore 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.
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