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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 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 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 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
January 22, 2024 | The American Lawyer

No Origination Credits in Partner Pay? Covington Sees Advantages

While not tracking origination credits may carry some risks, Covington partners argue the pay model is at the heart of the firm's team-based approach in client work and has helped in attracting laterals.
6 minute read
January 08, 2024 | The American Lawyer

Deal Watch: Cravath, Skadden, Shearman, K&L Gates Steer Health Care Deals Amid Industry Momentum

"We are cautiously optimistic the healthcare and pharma IPO market will gain strength in 2024," said McDermott partner Todd Kornfeld.
7 minute read
January 05, 2024 | The American Lawyer

8 Years Later, Cravath Registers as Foreign Agent for Ukrainian Firm Tied to Hunter Biden

Cravath's filing comes after "discussions with the Department of Justice regarding FARA's scope," the firm said in a statement Friday.
3 minute read
January 02, 2024 | The American Lawyer

Deal Watch: Big Law Dealmakers Are Evaluating These Factors to Assess 2024 Market

Frank Aquila, partner in Sullivan & Cromwell's corporate group, said the tempering of inflation and the broader economic news that ushers in could be a boon for M&A in 2024.
11 minute read
December 28, 2023 | The American Lawyer

Law Firms Seek Flexibility in Revised Partner Comp Systems, Balancing Seniority With Productivity

Though firms have different approaches, the momentum in partner compensation is heading toward merit-based rewards to compete for rainmakers and grow profitability.
9 minute read

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