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January 29, 2024 | The American Lawyer

Milbank's Revenue Jumps 18% as Profits Soar 19% and Nonequity Tier Grows

The firm's 18.6% jump in PEP to $5.114 million occurred as Milbank saw a 51% expansion in its nonequity tier.
5 minute read
January 29, 2024 | Pro Mid Market

How Midsize Firms Can Compete In Wake Of High Payouts For Associates

In response to recent raises to associate base salaries, midsize firms that can't match will reinforce the message that their associates have an accessible and meaningful career path, write Pro Mid Market columnists at recruiting firm The Foster group.
7 minute read
January 26, 2024 | The Legal Intelligencer

Cozen O'Connor Announces First-Year Salary Increases in Phila., New York and Washington

First-year associates in Philadelphia will earn $195,000 while those in New York and Washington, D.C., will get bumped up to $205,000.
2 minute read
January 26, 2024 | The American Lawyer

Partner Comp Systems and Competitive Advantage: Lessons From the Kirkland, Cravath, and Paul Weiss Lateral-Hiring Wars

What makes comp systems so insidious is that they're so hard to change.
12 minute read
January 26, 2024 | The American Lawyer

Pressure on UK Law Firms as US Competitors Raise NQ Pay Again

As US firms match the Cravath scale, domestic UK firms will fear falling too far behind.
4 minute read
January 25, 2024 | Law.com

In Partner Pay, Law Firms Are Under Pressure to Strike Right Balance

In the race to increase profits and attract the best talent, law firms are now caught in a conundrum in adjusting partner compensation.
6 minute read
January 24, 2024 | Law.com

Lawyers Detest Law Firms' Overemphasis on Profitability: The Morning Minute

The news and analysis you need to start your day.
4 minute read
January 23, 2024 | The American Lawyer

Freshfields Hits Cravath Again for Latest New York Partner Addition

Cravath has become a favorite target for Freshfields, which in recent years has turned to the prestigious New York firm for senior corporate hires.
2 minute read
January 23, 2024 | Law.com

Your Clients Are Leaving Without Telling You: The Morning Minute

The news and analysis you need to start your day.
4 minute read
January 22, 2024 | The American Lawyer

Davis Polk Lures Another Cravath Partner, Adding M&A Litigator

Rory Leraris is at least the fourth Cravath partner who Davis Polk has hired in the last few years.
2 minute read

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