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Law Firms Seek Out 'Money-Generating' Partner Moves Amid Big Law's Arms Race
Even though partner moves were down year-over-year, Decipher noted that law firms last year figured out one of the fastest ways to grow: buying partners with books of business.
What It Means to be a Law Firm Partner Now
Instead of moving lawyers to the equity ranks, or keeping them as associates or counsel, there is a shift inside Big Law to make more lawyers salaried partners.
Weil Revises Partner Pay Criteria, as Firm Plots Leadership Succession
Barry Wolf has led the firm since 2009 and will hit the firm's mandatory retirement age of 68 within the next four years.
Showcasing Resilience of the Industry, Am Law 100 Firms Turn in Strong 2023
After taking a couple of body blows in 2022 and not knowing how the legs would hold up, Big Law was just waiting to counter.
The 2024 Am Law 100: Ranked by Average Compensation - All Partners
Average Compensation–All Partners increased by 6.2% in 2023. Seventy-two firms posted increases, compared with 41 the previous year. Twenty firms posted double-digit gains, while five firms posted double-digit losses.The 2024 Am Law 100: Ranked by Profits Per Lawyer
Profits per lawyer is an alternative way of looking at firm profitability, intended to reduce the influence of factors such as leverage. The average is about $518,000, and the list-topper is about $3.04 million.The 2024 Am Law 100: Ranked by Profits Per Equity Partner
For the Am Law 100 as a whole, average PEP was up by 9.3% in 2023. Thirty-seven firms had growth rates of at least 10%, compared to 14 last year. Twenty firms had declines in 2023.The 2024 Am Law 100: Ranked by Revenue Per Lawyer
For the Am Law 100 as a whole, average revenue per lawyer, the metric that we've long regarded as the most reliable measure of a firm's financial health, increased by 4.9%. In 2023, eighty-five firms posted a gain in RPL.The 2024 Am Law 100: Ranked by Gross Revenue
Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.
Allen & Overy Arbitration Partner Jumps to Hughes Hubbard
Gaela Gehring Flores will co-chair the firm's international arbitration group, based in Washington, D.C.—part of a recent migration of top-level talent with that specialty.TRENDING STORIES
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