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December 12, 2023 | The American Lawyer

EU's New AI Act Will Create Wave of Work for Law Firms

Lawyers say the landmark AI legislation agreed upon by EU officials on Friday will generate extensive work for Big Law, with multijurisdictional law firms that have strong regulatory practices best positioned to ride the wave of advisory and compliance work the new bill is expected to create.
5 minute read
December 12, 2023 | The American Lawyer

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.
5 minute read
December 07, 2023 | The American Lawyer

On Top of Matching Pay Raises, Arnold & Porter Offers Higher Bonuses for High-Performers

Associates who billed 2,400-2,499 hours will receive an additional 10% bonus, while the firm will pay more for those who bill higher.
2 minute read
December 04, 2023 | The American Lawyer

Deal Watch: Wachtell, Ropes Lead $10B Biotech Deal, and M&A Landscape Could Use Fewer 'Shock Waves'

Deals continue to come in, though not at a pace most would prefer. Debevoise's Michael Diz said the last couple of years have been one shock after another.
6 minute read
December 04, 2023 | The American Lawyer

Sidley Adds 'Another Dimension' to Energy Practice With Arrival of A&O LA Leader

Andrea Lucan, who was LA office managing partner for Allen & Overy, joins roughly one month after Greg Lavigne, another A&O alternative energy alum, joined Sidley in New York.
4 minute read
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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December 04, 2023 | The American Lawyer

How Nelson Mullins Got Ahead of Miami's Boom by Moving in Via Merger

"By virtue of that combination, Nelson Mullins had connectivity throughout the state immediately, had productive lawyers producing and a profitable day one," said Miami partner John Haley.
4 minute read
December 04, 2023 | The American Lawyer

'Not A Rosy Outlook': Law Firm Leaders Are Less Bullish Heading Into 2024

Even before some firms embraced associate salary increases, the legal industry appeared less optimistic heading into 2024 than they were going into 2023, according to a recent survey.
5 minute read
November 30, 2023 | The American Lawyer

'Smaller Group' of Law Firms May Match Associate Pay Scale This Time Around

Second Hundred law firm leaders said that, while they keep tabs on top-of-the-market compensation, they don't feel compelled by it.
6 minute read
November 30, 2023 | The American Lawyer

Kirkland, Quinn, Davis Polk, Wachtell and Sidley Line Up to Match Cravath Salary Scale

Quinn Emanuel, which is matching the latest base salary scale and bonuses, is expecting profits to increase more than 20% this year.
5 minute read
November 28, 2023 | The American Lawyer

Deal Watch: This M&A Partner Just Had Two Big Deals on Same Day

Karessa Cain led Wachtell teams for eBay and Jacobs Solutions for deals announced on same day.
8 minute read

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