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April 26, 2024 | The American Lawyer

'A Legend': Paul Weiss Partner Michael Gertzman Dies at 60

Michael E. Gertzman was twice elected chair of the litigation practice and served on Paul Weiss' management and compensation committees.
3 minute read
April 22, 2024 | The American Lawyer

A Safe Bet? Lateral Hiring and Gambling on a Firm's Future

Lateral hiring is risky business. The Global Lawyer asks, is the gamble worth it?
8 minute read
April 19, 2024 | The American Lawyer

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.
6 minute read
April 16, 2024 | The American Lawyer

Ex-Big Law Corporate Defenders Explain Why They Now Help Fund the Opposite Side of the 'V'

"The skillsets we were developing as associates were largely transferable," said Evan Meyerson, a former Paul Weiss associate who moved to Burford Capital. "A big part of litigation strategy is thinking about what the other side thinks about your case and the job at Burford is to think through these investments as a devil's advocate."
8 minute read
April 16, 2024 | The American Lawyer

Power Ranking the Am Law 100: Flash Points Ahead

Facing market volatility and AI disruption, winning firms reinvest for renewal and reinvention.
16 minute read
April 16, 2024 | The American Lawyer

Ballooning Nonequity Partnerships Are Boosting Leverage, But Will They Raise Profits?

For the first time, law firms added nearly as many nonequity partners as they did associates.
6 minute read
April 16, 2024 | The American Lawyer

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.
10 minute read
April 16, 2024 | The American Lawyer

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.
2 minute read
April 16, 2024 | The American Lawyer

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.
2 minute read
April 16, 2024 | The American Lawyer

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.
2 minute read

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