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November 07, 2023 | The American Lawyer

Cravath Adds Non-Equity Tier as Big Law Makes Structural Changes for Competitive Pay

Cravath has been approaching counsel-level attorneys about joining its non-equity tier since at least last summer, according to one Am Law 50 firm leader.
4 minute read
November 02, 2023 | The American Lawyer

Big Law Firms Call on Top Law Schools to Condemn Anti-Israel Protests, Harassment

A group of more than 200 leading law firms implored law schools to reign in "anti-Semitic activities" on campus as Israel's response to the Oct. 7 attacks draws protest worldwide.
8 minute read
October 31, 2023 | The American Lawyer

Firms Confront Tough Questions About Single-Tier Partnerships in Wake of Surging Profits

The decision to add a non-equity tier is often a play to compete for senior associate and counsel-level talent by offering the title of partner without diluting shares of the firm's equity, so firms can continue to pay for top-performing talent.
6 minute read
October 24, 2023 | The American Lawyer

Deal Watch: Paul Weiss, Wachtell Lead $53B Energy Deal. How Many More Can We Expect?

"There may not be many mega-deals left, but we are likely to continue seeing consolidation in the industry," observed Luis Gomar, partner at Paul Hastings.
8 minute read
October 10, 2023 | The American Lawyer

Deal Watch: Energy, the Largest Driver of M&A in 2023, Poised for Deal Barrage (and Maybe the Largest Deal of the Year)

Energy and power sectors have usurped technology as the primary driver of M&A activity thus far in 2023. And it doesn't appear it will let up.
8 minute read
October 09, 2023 | The American Lawyer

With Free Rent on the Table, Law Firm Leasing in San Francisco May Ramp Up

Gibson Dunn, Willkie and Gunderson Dettmer are among the firms that signed new office leases in San Francisco in the first half of 2023.
3 minute read
October 02, 2023 | The American Lawyer

Deal Watch: A Light Week in Deals. Are Bonds to Blame?

Maybe not solely, but the high yield on bonds has mitigated lending, adding another brick to the sack being carried by dealmakers in 2023.
5 minute read
October 02, 2023 | The American Lawyer

With Q4 Underway, Large and Smaller Firms See Deal Outlook Through Different Lenses

While many law firms are eager to see what deals close in 2023, others are pinning hopes on 2024 instead.
6 minute read
September 28, 2023 | The American Lawyer

With Sector Demand at 'All-Time High,' Willkie Adds Renewable Energy Deal Team

"We are seeing big developments in the industry overall related to energy transition and more, and this has brought increasing demand from clients and also new opportunities for us to expand our practices," Eric Pogue said.
4 minute read
September 25, 2023 | The American Lawyer

In Rare Lateral Hire, Wachtell Adds Former Federal Prosecutor, Willkie White-Collar Leader

Randall Jackson, the leader of Willkie's white-collar defense group, has joined Wachtell as a partner.
2 minute read

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