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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.
Big Law's Return-to-Office Journey Still Not Complete, but More Settled Now
"The overwhelming majority of our colleagues are complying," noted Davis Polk's Neil Barr. "I know not everyone loves it, but from the institution's perspective, we are in a good spot."
Turnover in Big Law Leadership Manifests as 'Great Growth Race' Kicks Into High Gear
At least 30 large law firms have announced some kind of leadership transition within the last year or so. "It's been an exciting but challenging and exhausting few years," noted one Am Law 100 leader.
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.
Simpson Thacher to Require Four Days in Office in 2024
In-office mandate adherence will be a factor in overall pay for Simpson personnel, with the firm saying noncompliance could affect compensation, sources said.
Law Journal Press | Digital Book
District of Columbia Legal Malpractice Law 2024
Authors: Shari L. Klevens, Alanna G. Clair
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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.
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.
Big Law's Flood Into Boomtown Nashville Tests Client Loyalties
"Some clients are super loyal to their firms that they work with, sometimes blindingly so," said Joan MacLeod Heminway, a University of Tennessee law professor.
'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.
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.TRENDING STORIES
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