#biglaw

#biglaw

Goodwin Procter is not conducting layoffs despite rumors and has a positive growth trajectory. [ more ]

Ballard Spahr is merging with Lane Powell, significantly expanding their presence and revenue in the Pacific Northwest. [ more ]

Biglaw's hesitation to match bonuses indicates shifting power dynamics in the lateral market. [ more ]

Biglaw partners impose strict in-office requirements, reflecting a demanding environment for associates willing to comply for career advancement. [ more ]

The survey aims to gather insights on associates' perspectives in Biglaw and offers incentives for participation. [ more ]

State supreme courts face a widening pay gap with private sector, affecting talent acquisition. [ more ]

Unexpected challenges can occur even in prestigious settings like Biglaw firms.

Corporate transparency regarding ESG claims is increasingly under scrutiny following SEC changes.

Legal debates around Roe v. Wade continue to reveal complexities and personal sentiments of the justices. [ more ]

Biglaw firms are using remote work as a marketing strategy to attract eco-conscious clients. [ more ]

Skadden is closing its Shanghai office due to market conditions, shifting its focus while maintaining other offices in the region. [ more ]

Perkins Coie is closing its Beijing office, marking a significant trend of Biglaw firms exiting China to focus on key technology hubs. [ more ]

Conservative judges shift focus to themselves during Palestinian protests [ more ]

Davis Wright Tremaine appoints Jaime Drozd as its new firmwide managing partner, marking a significant advancement for women in Biglaw. [ more ]

Former Biglaw attorneys turned cookie entrepreneurs embrace diversity and inclusivity through their brand, Brune Kitchen, while navigating the challenges of establishing a startup. [ more ]

A Biglaw firm has 38% women equity partners, surpassing the national average of 26%. [ more ]

Biglaw associates are torn between work demands and potential lateral moves while waiting for bonus news. [ more ]

The top Biglaw firm from the 2024 Summer Associates Survey scored nearly perfectly, reflecting exceptional summer experiences for associates. [ more ]

Biglaw associates often find their experiences differ from the negative stereotypes they heard in law school. [ more ]

M&A activity boosting Biglaw profits

Kirkland remains ahead of competitors [ more ]

Boutique law firms like Gjerset & Lorenz are offering salaries exceeding Biglaw compensation, reflecting the high quality of work and client dedication. [ more ]

The merger of Womble Bond Dickinson and Lewis Roca will create a large law firm with over 1,300 lawyers and significant geographical reach. [ more ]

The UK Top 50 law firms experienced record financial growth in 2023, with a 9.7% rise in revenue and significant profit increases. [ more ]

Biglaw associates eagerly await news on summer bonuses, with some firms starting to announce bonuses based on class year. [ more ]

Size matters in Biglaw, evident from the increase in headcounts at the top 100 New York law firms in 2023. [ more ]

Vault's regional rankings reveal the top 10 most prestigious Biglaw firms in New York, highlighting compensation leaders and those setting industry standards. [ more ]

Biglaw firms can leverage hybrid work models to enhance productivity and sustainability efforts, aligning legal services with environmental goals. [ more ]

Biglaw firms expanding to smaller markets for premium services

Parallels between March Madness upsets and law firm reputation growth [ more ]

Milbank announced special summer bonuses for all associates globally, ranging from $6,000 to $25,000. [ more ]

A major Biglaw firm changed the requirements for bonuses at the last minute

Associates were ranked against others in their class years for hours and payouts [ more ]

Biglaw firms are matching the new associate compensation scale started by Milbank and Cravath

Even smaller firms like Choate Hall are keeping up with the big firms on salaries [ more ]

Willkie Farr & Gallagher is expanding its presence in Texas by opening an office in Dallas, focusing on private equity, M&A, and transactional work in the energy and non-energy sectors. [ more ]

Paul Weiss faces challenges expanding to Houston despite offering significant guarantees to potential partners. [ more ]

Biglaw firm Morris Nichols increases associate salaries to $210,000, aiming to attract and retain top legal talent. [ more ]

Ropes & Gray is rewarding super-senior associates with high salaries and bonuses.

The firm is the first to offer higher bonus payouts for super-senior associates. [ more ]

Hogan Lovells, a top Biglaw firm, had a record financial performance in 2023 after disappointing financials in 2022.

The firm's net revenue increased by 17%, profits per equity partner increased by 20.3%, and brand awareness in commercial markets played a key role in the turnaround. [ more ]

Eckert Seamans Cherin & Mellott has hired a chief operations officer after going without one for 10 years.

The firm is looking to adopt Big Law strategies to improve its management structure and financial performance. [ more ]

Proskauer Rose, a Biglaw firm, laid off more than 20 members of its business professionals staff in August.

The layoffs are part of cost-cutting and efficiency measures taken by the firm, consistent with other large law firms.

The layoffs were not publicly announced, highlighting a trend of stealth layoffs in the legal industry. [ more ]

Top Biglaw firm K&L Gates is conducting associate layoffs in multiple offices due to a lack of billable hours.

The layoffs do not indicate an overall decline in the firm's health, as it has seen strong revenue growth. [ more ]

Sullivan & Cromwell is the latest Biglaw firm to announce raises and bonuses for its attorneys.

The firm is using the Cravath scale for its compensation increases and matching the Cravath bonus scale. [ more ]

Raises are happening in Biglaw firms, including international offices like Herbert Smith Freehills in the UK.

Readers are encouraged to provide tips on bonus updates and can sign up for bonus alerts from Above the Law. [ more ]

Biglaw firms are increasing associate wages and announcing year-end bonuses.

Morgan Lewis, ranked No. 8 in the Am Law 100, has confirmed raises and bonuses for its associates. [ more ]

Associates in Biglaw are awaiting bonus and raise announcements.

Associates may consider using their bonus money to support a charitable cause on Giving Tuesday.

Associates are encouraged to share the wealth with those less fortunate or in need of legal assistance. [ more ]

Law firms are facing criticism for not matching Milbank's $10,000 base compensation increase for associates.

The cost of a match for firms like Cravath and Davis Polk is relatively small compared to their revenue.

Biglaw firms have the financial means to raise associate salaries without significant impact on partner profits. [ more ]