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Key Regulatory, Enforcement Practices Drove DC Law Firm Hiring in 2023
While law firms in D.C. may have been more cautious with hiring, sustained demand for regulatory and enforcement practices have also had a positive effect on firms' profits.
8 Stories That Changed the Legal Industry in 2023
From A&O Shearman to Israel-Gaza—here are our picks for the biggest stories of the year.
Fisher Phillips Chairman Sees Continuing Challenge of Finding 'Talent' in 2024
The 600-lawyer employment law firm will be competitive with other firms of its size and specialty in associate pay, says John Polson, who's served as chair since the middle of 2022.
Proskauer Layoffs Underscore String of Big Law Cuts in 2023
The firm's moves are consistent with a slew of large law firms making staff and associate cuts in 2023, as firms focused on efficiency, outsourcing and productivity in a year of declining demand.
How Some Big Law Firms Can Afford Associate Salary Raises
Most of the law firms that have confirmed matches to the latest associate salary scale have PEP above $2 million a year and more than $1 dollars in gross revenue.
Law Journal Press | Digital Book
District of Columbia Legal Malpractice Law 2024
Authors: Shari L. Klevens, Alanna G. Clair
View this Book
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Susman Godfrey Smashes Market Bonus Scale, Paying Senior Associates More Than Triple
Finishing up a year when revenue will set a record, Susman Godfrey will pay 'special' bonuses to every employee at the trial firm.
'Staggering' Jump in Law Firms Planning to Expand Nonequity Partner Ranks
The average annual growth in income partner classes at some of the most profitable firms between 2017 and 2022 was 13.4%, while at other large, two-tier partner firms, it was 4%, according to a report this week.
Despite Expense 'Dent' From Pay Raises, Law Firms Expect to See Rebound in Transactional Practices
Firms can anticipate a rebound in transactional practices heading into 2024. "As such, we expect 2024 to be a better year than we saw in 2023," said Citi and Hilderbrandt Consulting in a new report.
Full Circle: Milbank Matches Latest Associate Pay Scale
Milbank's mid and senior associates are getting another pay raise.
Trial Firms Starting to Match or Exceed Big Law Salary, Bonus Scales for Associates
Litigation boutiques and other small firms compete for the same top law students as Big Law, so they are likely to move to the new, higher market salary and bonus scales for associates.TRENDING STORIES
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