Partner Profits
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Biglaw, Money, Partner Profits, Robins Kaplan Miller & Ciresi, Skaddenfreude
Skaddenfreude: Wiley Rein Dethrones Wachtell Lipton as America's Most Profitable Biglaw
Let the wailing and gnashing of teeth begin. The AmLaw 100 rankings — The American Lawyer’s closely watched, annual listing of the hundred largest law firms in the United States, ranked by revenue — are now available. We’ll have more to say on the rankings later. Their release is a big story, deserving of multiple […] -
Bankruptcy, Biglaw, Money, Musical Chairs, Partner Profits
Musical Chairs: Weil Partners Defect to Cadwalader
We reported on the rumors last week — and now the news is official. From the New York Law Journal: Just as Weil, Gotshal & Manges welcomes back legendary bankruptcy partner Harvey Miller, the firm is saying goodbye to four other restructuring stars who are leaving to join a rival firm. Cadwalader, Wickersham & Taft […] - Sponsored
Profit Powerhouse: Elevating Law Firm Financial Performance
In this CLE-eligible webinar on April 10th, we’ll explore the most common accounting pitfalls and how to avoid them for your firm. -
Biglaw, Media and Journalism, Money, Partner Profits
Mayer Brown Rowe & Maw-ling: A Bit of Backstory
In case you haven’t seen it already, we’d like to call your attention to an update and correction to our last post about Mayer Brown Rowe & Maw’s decision — announced on Friday afternoon — to “de-equitize” 45 equity partners: The premise of this post — that Mayer Brown intentionally tried to “get out in […]
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Biglaw, Media and Journalism, Money, Partner Profits
Mayer Brown Rowe & Maw-ling: Getting Too Far in Front of the Story?
UPDATE / CORRECTION: The premise of this post — that Mayer Brown intentionally tried to “get out in front of” this story — is incorrect. Our facts were correct, but our interpretation of them was erroneous. It is factually accurate to state that the Chicago Tribune story hit the web before Mayer Brown sent out […] -
Biglaw, Money, Partner Profits
Mayer Brown Rowe & Maw-ling: Firm Drops Ax on 45 Equity Partners
The Chicago Tribune broke the story earlier today — and apparently was advised of the news even before it was announced to Mayer Brown associates. As one of them bitterly quipped, “Nice of them to tell the Tribune before they told us.” Anyway, here’s the memo: March 2, 2007 TO: All Associates and CounselFROM: Policy […] -
Biglaw, Cheapness, Money, Partner Profits, Skaddenfreude
Sally Struthers Asks: 'What About the Children Partners?'
We’ve been covering the latest round of law firm associate pay raises largely from the perspective of the associates. But what about the people who have to pay for all this largesse: the partners? Several recent articles offer a partners’-eye-view of the compensation arms race. We’ve collected the links below. Despite the cheery announcement memos […] -
Alston & Bird, Biglaw, Media and Journalism, Money, Partner Profits, Skaddenfreude
Skaddenfreude: Midday Open Thread
Sorry, we don’t have any new memos or emails to share with you. We can’t post what we haven’t been emailed. We’re not the only ones on the money beat. The MSM continues to follow increasing base salaries for law firm associates quite closely. Here’s a linkwrap of four articles, published yesterday or today, concerning […] -
Aaron Charney, Biglaw, Gay, Money, Partner Profits
The Aaron Charney Settlement Calculator
In case you’re just joining us, pull up a chair, and listen up (or scroll down the page): CHARNEY V. SULLIVAN & CROMWELL IS ABOUT TO SETTLE!!! So plaintiff Aaron Charney probably doesn’t give a rat’s ass about how much your piddling law firm is now going to pay you going forward. He doesn’t care […] - Sponsored
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use. -
Biglaw, Bonuses, Money, Partner Profits, Skaddenfreude
Morning Docket: 11.21.06
* Houston, we have a rehearing en banc. [How Appealing] * Probation for 89-year-old who killed 10 driving through California farmer’s market; judge says he’s too sick to go to jail, even though he deserves to. [CNN] * Grunting weightlifter may sue Planet Fitness for being lunk bigots. [WSJ Law Blog] * Federal judge has […] -
Biglaw, Fabulosity, Martin Lipton, Money, Musical Chairs, Partner Issues, Partner Profits
Musical Chairs: Wachtell Lipton's New Partners
Wachtell Lipton, the obscenely profitable and dazzlingly prestigious New York law firm, just elected three lawyers to its millionaires’ club partnership. By firm tradition, the partnership vote takes place on Election Day each year. Expect an official announcement tomorrow; we bring you the news today. The three lucky, talented, and hardworking new partners are: — […] -
Biglaw, Day Berry & Howard, Law Firm Mergers, New Jersey, Partner Profits, Pitney Hardin
Law Firm Merger Mania: Pitney Hardin, Day Berry
In the wake of the Dewey/Orrick and Thelen Reid/Brown Raysman announcements, here’s news of yet another law firm merger. But this one is a bit smaller than the last two: One of New Jersey’s oldest and largest firms, Pitney Hardin, is merging with Connecticut’s biggest, Day, Berry & Howard, to create a 395-lawyer power with […] -
Benjamin Brafman, Biglaw, Boutique Law Firms, King & Spalding, Musical Chairs, Partner Profits
Musical Chairs: 11.02.06
Today’s big move is from the government to the private sector: * Renowned Enron prosecutor Sean Berkowitz, to the Chicago office of Latham & Watkins. The much-anticipated move took place after the young legal superstar was wooed by many other top firms. Berkowitz will be an equity partner at Latham, where profits per partner clock […] -
Biglaw, Brown Raysman, Law Firm Mergers, Money, Partner Profits, Thelen Reid & Priest
Another Day, Another Law Firm Merger
On the heels of the Dewey Ballantine/Orrick announcement, news of another law firm merger: Partners at Thelen Reid & Priest and New York’s Brown Raysman Millstein Felder & Steiner voted to combine the two firms Monday, creating a 617-lawyer firm that, based on last year’s revenue, would have placed 56th on the Am Law 100 […]
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Profit Powerhouse: Elevating Law Firm Financial Performance
In this CLE-eligible webinar on April 10th, we’ll explore the most common accounting pitfalls and how to avoid them for your firm.
Sponsored
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use.
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Biglaw, King & Spalding, Magic Circle, Money, Musical Chairs, Partner Profits, S.D.N.Y., U.S. Attorneys Offices
Musical Chairs: 10.26.06
New Partners: * Sullivan & Cromwell: Jeffrey Chapman, Michael Escue, Hydee Feldstein, Stacey Friedman, Brian Hamilton, Julia Jordan, Eric Kadel, Jr. and Juan Rodriguez. The partnership promotions will be effective January 1, 2007. Congratulations, kids! Like many other top New York firms, Sullivan still has a single-tier partnership structure. All partners are equity partners. And […] -
Biglaw, Dewey Ballantine, Law Firm Mergers, Money, Partner Profits
At Least They're Not Merging With Cheetham & Howe
As previously rumored, megafirms Dewey Ballantine and Orrick, Herrington & Sutcliffe are heading for the altar. From Nathan Koppel’s article for the Wall Street Journal: Yesterday, the executive committees of Orrick, Herrington & Sutcliffe LLP of San Francisco and Dewey Ballantine LLP of New York approved the main terms of a merger. The combined firm, […] -
Biglaw, Duane Morris, Money, Partner Profits, Skaddenfreude
Skaddenfreude: Firm Finance Voyeurism
Paralegals, we’re still looking for your income information; please help. Details here. While we’re on the subject of money, check out this article, by Gina Passarella for the Legal Intelligencer, concerning law firm finances. It’s quite enlightening. If you think of a big law firm as doing nothing but spinning off mountains of cash to […] -
Akin Gump, Asians, Biglaw, Dorsey & Whitney, Money, Partner Profits, Skaddenfreude
Skaddenfreude: $910K Buys a Lot of Bibimbap
Once you hit your third year at a large law firm, and sometimes even earlier, you start receiving dozens of calls from legal recruiters. Usually you send them to voice-mail, then delete their messages later. But occasionally, when you’re having a bad day at the office, you listen to their dulcet tones — and dream […] -
Associate Salaries, Biglaw, Bonuses, Partner Profits, Skaddenfreude
Skaddenfreude: An Amendment
In light of the recent debut of Skaddenfreude, ATL’s column chronicling attorney compensation, it’s a neat coincidence that the New York Times has an entire article discussing compensation for first-year associates at major law firms. We’ll get to that article in just a second. First, though, a brief amendment to our prior Skaddenfreude request. We […] -
Biglaw, Bonuses, Money, Partner Profits, Skaddenfreude
Skaddenfreude: Totally Gauche Ogling of Other Lawyers' Incomes
Welcome to Above the Law’s Skaddenfreude: Totally Gauche Ogling of Other Lawyers’ Incomes. We all know that lawyers can’t stop talking about their work — and, of course, how much they get paid for that work. Skaddenfreude brings that talk out in the open (and onto the internet). Each week we’ll pass along some of […] -
Associate Salaries, Biglaw, Money, Partner Profits
Survey: Associates Doing Well, Partners Doing Better
Time for your daily dose of stuff-you-already-knew about lawyer compensation. From the New York Law Journal, which every now and then publishes something you actually care about: Salary increases for associates and non-equity partners have cut into equity partners’ pay, a survey by law firm consultancy Altman Weil has found. The survey of 200 firms […]