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December 06, 2022 | The American Lawyer

'For Exceptional Contributions': A Select Pool of Associates Will Receive Extra Cash

Several law firms say they are giving out additional bonus money to high-performers. But firms generally know eligibility will be limited based on the decline in demand this year.
5 minute read
December 02, 2022 | The American Lawyer

Paul Weiss, Debevoise, Davis Polk, Paul Hastings and Cleary Match Bonuses

Despite being 'terrified" of the unknown heading into 2023, according to one top firm leader, more law firms began announcing they are matching the scale set by Cravath and Baker McKenzie.
4 minute read
December 01, 2022 | The American Lawyer

'Terrified of the Unknown': What's Behind the Delay in Announcing Associate Bonuses

While Skadden became the latest firm whose year-end bonuses were confirmed, few other firms have announced associate bonuses. "They are scared shitless," said one Am Law 25 firm leader about peers.
4 minute read
November 28, 2022 | The American Lawyer

As Paul Hastings Ushers in New Leadership, Several Top Staff Head Out

The firm's C-suite and administrative departures demonstrate a common challenge for law firms undergoing leadership changes.
5 minute read
October 25, 2022 | The American Lawyer

'A Painful Period': Big Law's High-Yield Bond, Leveraged Finance Practices Take Hit

"We are past the point of a nice respite," said Cahill Gordon's Jonathan Schaffzin.
5 minute read
October 20, 2022 | The American Lawyer

In the Am Law 100, Mansfield Rule Participation Lags Among Most-Profitable Firms

Six of the 10 most profitable firms aren't Mansfield-certified, setting them apart from the 78% of the Am Law 100 that earned Mansfield Rule 5.0 certification.
5 minute read
October 17, 2022 | The American Lawyer

'Second-Class Citizen' Treatment of Business Pros Persists in Big Law, Despite Talent Struggles

Complaints are still prevalent about how business professionals are treated differently than attorneys, including through hybrid working arrangements and general respect in the office.
4 minute read
October 13, 2022 | The American Lawyer

Marketing Team Exits Cooley for Fried Frank, Highlighting Competitive Landscape for Business Pros

The six-person team departure could make a significant impact, said one marketing expert.
5 minute read
October 11, 2022 | The American Lawyer

Orrick Parts Ways With 21-Strong Italy Team

The energy transfer-focused group wanted to create a multidisciplinary offering that it couldn't do under the framework of a large law firm.
3 minute read
October 05, 2022 | The American Lawyer

S&C and Goodwin Still Hold Top Spots, Even as Deal Activity Tanks for Most Law Firms

The top M&A law firms are now handling far fewer big deals.
6 minute read

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