The Am Law Daily The daily source for legal business news, analysis and intelligence from the editors and reporters at The American Lawyer. en-us Copyright 2017. ALM Media Properties, LLC. All rights reserved. The Am Law Daily Law Firm Recruiters Blast Headhunter?s 'Sexist' Job Hunt Column The founder of BCG Attorney Search wrote that law firms fill recruiting jobs with women who are ?quite attractive and fit,? but also sometimes ?ditzy? and ?more focused on themselves than their jobs.? Fri, 28 Apr 2017 12:29:31 EDT 1202784834121 Two Ex-Dewey Partners Find a New Home at McDermott McDermott Will & Emery has hired corporate partners Ivan Presant and Jeffrey Meyers in New York from Greenberg Traurig and Stroock & Stroock & Lavan, respectively. Meyers chaired Stroock?s energy and project finance practice after joining the firm in 2009 from Dewey & LeBoeuf, a firm that Presant fled in early 2012. Thu, 27 Apr 2017 17:26:08 EDT 1202784752683 Charting Growth This chart maps year-over-year changes in revenue per lawyer and profits per partner for every firm in The Am Law 100. Baker Botts, Crowell & Moring, and Nelson Mullins saw the biggest increases in both RPL and PPP last year. Thu, 27 Apr 2017 17:11:36 EDT 1202784752396 For Big Law Partners, a Trump Tax Giveaway? Details surrounding the president's tax plan are still sketchy. But one thing?s for sure: Equity partners at the country's biggest law firms would enjoy a massive cut if the plan becomes reality. Wed, 26 Apr 2017 16:36:11 EDT 1202784648489 Key Findings From the Am Law 100: A Podcast With Roy Strom Reporter Roy Strom summarizes the key takeaways from the Am Law 100 rankings and what consultants say to look for in the coming year. Wed, 26 Apr 2017 13:45:04 EDT 1202784620671 Profits Per Lawyer A firm's PPL is its net income divided by its lawyer count. Wachtell topped the list with a PPL of $1.92 million. Wed, 26 Apr 2017 13:16:23 EDT 1202784616161 Profitability Index This metric, introduced in 1985, seeks to demonstrate which firms best balance leverage and profit margin for the highest possible profits per partner. We calculate the profitability index by dividing profits per partner by revenue per lawyer. Wed, 26 Apr 2017 13:14:47 EDT 1202784616036 Compensation for All Partners Average Compensation-All Partners rose by 1.6 percent in 2016, compared with an increase of 3.7 percent in 2015. Seventy-one firms posted increases, compared with 70 the previous year. Fifteen firms posted double-digit gains, while six posted double-digit losses. Wed, 26 Apr 2017 13:13:15 EDT 1202784615816 Value Per Lawyer Our value per lawyer metric demonstrates how much, on average, each of a firm?s lawyers contributes to total partner compensation. On average, value per lawyer for the Am Law 100 increased 2.4 percent, down from 3.3 percent in 2015. A firm?s VPL is its compensation-all partners divided by its lawyer count. We express it two ways: as a dollar amount and as the number of lawyers needed to generate $10 million in partner compensation. Wed, 26 Apr 2017 13:10:33 EDT 1202784615554 Alston & Bird Adds Chadbourne's IP Chair Paul Tanck, chair of Chadbourne & Parke's intellectual property practice in New York, is headed to Alston & Bird ahead of his firm's proposed combination with Norton Rose Fulbright. Wed, 26 Apr 2017 00:24:12 EDT 1202784573964 Wachtell, Proskauer Leading Off on Big League Baseball Deal The two Am Law 100 firms are advising on a potential $1.3 billion sale of Major League Baseball's Miami Marlins to an ownership group fronted by former Florida Gov. Jeb Bush and ex-New York Yankees star Derek Jeter. Tue, 25 Apr 2017 23:57:07 EDT 1202784573561 Stay-at-Home-Rainmakers: A Growing Threat to Big Law Cloud-based law firms still face skepticism from some pockets of the legal market. But there are signs that they are becoming stiffer competition for Big Law. Tue, 25 Apr 2017 15:24:17 EDT 1202784525264 Deal Watch: Three Firms Advise on Medical Supply Mega-Merger Skadden, Arps, Slate, Meagher & Flom, Weil, Gotshal & Manges and Wachtell, Lipton, Rosen & Katz are advising on a proposed $24 billion deal that will see Becton, Dickinson & Co. acquire medical device manufacturing rival C.R. Bard Inc. Skadden and Wachtell also advised on another $6.1 billion deal involving Cardinal Health Inc. Mon, 24 Apr 2017 23:51:16 EDT 1202784460851 Top Treasury Department Official to Join S&C in DC Sullivan & Cromwell snags Adam Szubin, a former acting under secretary for terrorism and financial intelligence at the Treasury Department, as of counsel for its financial services group in Washington, D.C. Szubin was a key architect of the Obama administration's controversial nuclear deal with Iran. Mon, 24 Apr 2017 18:02:37 EDT 1202784437822 New Bicoastal Boutique Packs Antitrust Plaintiffs Punch A U.S. Supreme Court victory against Visa and Mastercard over ATM fees has helped unite two solo antitrust litigators to form a bicoastal firm. Mon, 24 Apr 2017 15:06:21 EDT 1202784410940 Shot of Bourbon? This Big Law Partner's Got You Covered A new distillery launched by Mayer Brown tax attorney Russell Nance is part of the growing popularity of craft spirits. Mon, 24 Apr 2017 11:45:45 EDT 1202784388672 Foley & Lardner Explores Union With New York's Friedman Kaplan Foley & Lardner, which more than a year ago broke off discussions about a potential combination with Eversheds, is on the hunt for a merger partner in New York. One firm that has drawn Foley & Lardner's interest is boutique Friedman Kaplan Seiler & Adelman. The two firms share more in common than just tie-up talks. Sun, 23 Apr 2017 23:45:12 EDT 1202784349808