Partner Profits
-
Biglaw, Money, Partner Issues, Partner Profits
The Haves And The Have-Mores: Partner Pay Spreads At Leading Law Firms
Which firms have the biggest gaps between their highest- and lowest-paid partners? -
Antonin Scalia, Biglaw, Job Searches, John Roberts, Kids, Money, Morning Docket, Partner Issues, Partner Profits, SCOTUS, Small Law Firms, Solo Practitioners, Supreme Court
Morning Docket: 07.07.14
* If you’ve been dying to know what the partner compensation spread looks like at your firm, then we’ve got your fix. Check out the insane 23 to 1 spread over at Perkins Coie. [Am Law Daily]
* “It’s a complete structural change, and it’s not going away. The end result is fewer graduates, and fewer law schools.” With enrollment still dropping, the end seems near. [Boston Globe]
* “I predicted the collapse of legal education, but I didn’t quite predict how bad it would be.” Dean Frank Wu of UC Hastings Law is fighting his way out of a rankings slump. Good luck. [The Recorder]
* Widener is the latest law school to roll out a solo / small firm incubator. Only grads from the class of 2014 may apply. Earlier grads are ineligible because they presumably have jobs… maybe. [PennLive.com]
* A judge has denied bail for the Georgia man accused of sending sext messages during his seven-hour work day while his 22-month-old son was left to die in his hot car. Ugh, this is terribly sad news. 🙁 [CNN]
- 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, Boutique Law Firms, Divorce Train Wrecks, Lateral Moves, Musical Chairs, Partner Issues, Partner Profits, Prostitution, Small Law Firms, Solo Practitioners
A Wachtell Lipton Partner's Mysterious Departure
Why did this young partner leave the super-lucrative law firm?
-
Associate Salaries, Biglaw, Bonuses, Partner Profits
Orwellian Law Firm Says Its Lawyers LOVE Their Lack Of Transparency
One firm put their public relations flaks on drafting a spirited defense of their black box so they can sleep better at night -
Biglaw, Intellectual Property, Outsourcing, Partner Issues, Partner Profits
Another Law Firm Jumps On The 'Administrative Hub' Bandwagon
Which major law firm is consolidating its back-office operations, in which state? -
Biglaw, Boutique Law Firms, Money, Partner Issues, Partner Profits, Small Law Firms
Beyond Biglaw: 'Profits Per Me'
How much does the "profits per partner" metric matter? Some thoughts from boutique-firm columnist Gaston Kroub. -
Bankruptcy, Biglaw, Divorce Train Wrecks, Heller Ehrman, Law Schools, Money, Morning Docket, Partner Issues, Partner Profits
Morning Docket: 06.12.14
* In defense of its PPP metric, the editor-in-chief of the American Lawyer revealed a shocking statistic about Dentons: the firm’s PPP was likely down about 20 percent year over year. [Am Law Daily]
* A judge dismissed many of defunct firm Heller Erhman’s remaining unfinished business claims in the case against its former partners. Dewey know some partners who are thrilled? [WSJ Law Blog]
* From 2012 to 2013, NLJ 350 firms saw the rise of “other” attorneys — staff attorneys, of counsel, and lawyers who were neither associates nor partners. We’re living in lean times. [National Law Journal]
* “No one predicted there would be this kind of huge drop in applications.” Apparently law school deans thought prospective students would be thrilled about their lack of job prospects. [Hartford Business Journal]
* Shelly Sterling has asked a judge to rule that she can sell the Los Angeles Clippers over her husband Donald Sterling’s protests. We’re very eagerly awaiting their impending divorce train wreck. [Bloomberg]
-
Biglaw, Money, Partner Issues, Partner Profits, Quote of the Day
Leading Law Firm Calls Profits Per Partner Numbers 'Meaningless'
Law is a profession, not a business, so pay no attention to how much our partners make! - Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so… -
Advertising, Biglaw, Law Firm Mergers, Partner Issues, Partner Profits, Shameless Plugs, This Is an Ad
Merging In The Post-Recession Market
Ed. note: This is the latest installment in a series of posts on lateral partner moves from Lateral Link’s team of expert contributors. Michael Allen is Managing Principal at Lateral Link, focusing exclusively on partner placements with Am Law 200 clients. Alliteration aficionados are bemoaning the tongue-twisting fusion of Squire Sanders and Patton Boggs into […] -
Biglaw, Bonuses, BuckleySandler, Money, Partner Issues, Partner Profits
Associate Bonus Watch: Who Just Announced Midyear Bonuses?
Which highly profitable Biglaw firm is sharing the wealth with its lawyers and staff? -
Biglaw, Lateral Moves, Partner Issues, Partner Profits, Patton Boggs, Real Estate, White-Collar Crime
More Partner Departures At Bingham
Who are the latest partners to leave, and where are they going? -
Bankruptcy, Biglaw, Divorce Train Wrecks, Family Law, Money, Partner Issues, Partner Profits
A Messy Divorce Offers An Inside Look At Biglaw Partner Pay
Divorce litigation reveals the partner pay structure at one leading law firm. -
Biglaw, Partner Issues, Partner Profits, Rankings
The 2014 Am Law 200: Survival Of The Fittest
While some firms came out on top, others were merely surviving. How did the Am Law 200 stack up?
Sponsored
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
Sponsored
The Business Case For AI At Your Law Firm
Legal AI: 3 Steps Law Firms Should Take Now
-
Biglaw, In-House Counsel, Money, Partner Issues, Partner Profits
How Did Biglaw Fare In The First Quarter Of 2014?
What are the reasons for optimism in a recent report from Citi Private Bank? -
Biglaw, Law Firm Mergers, Partner Issues, Partner Profits, Rankings
Are The Am Law 100 Rankings Unfair? Let’s Whine About Vereins
Should vereins be counted as single entities for purposes of the Am Law 100 rankings, and did vereins get unfairly slammed in the latest Am Law 100? -
Biglaw, In-House Counsel, Partner Issues, Partner Profits, Shameless Plugs
Proof That 'Bigg & Mediocre' Has No Future
Does the future belong to super-large, global law firms? Not necessarily, according to in-house columnist Mark Herrmann. -
Biglaw, Layoffs, Partner Issues, Partner Profits, Staff Layoffs
Nationwide Layoff Watch: Shaping Up For Summer
Which law firm just announced double-digit cuts? -
Biglaw, Money, Partner Issues, Partner Profits, Rankings
The 2014 Am Law 100: 'The Super Rich Get Richer'
How did your firm fare in this year’s Am Law 100 rankings? -
Biglaw, Lateral Moves, Layoffs, Partner Issues, Partner Profits, Severance
What's Going On At Dickstein Shapiro?(Plus a leaked severance agreement.)
Plummeting profits, defecting partners, and layoffs of associates and staff -- is this firm in trouble? -
Bankruptcy, Biglaw, Crime, Job Searches, Kasowitz Benson, Law Professors, Law Schools, Morning Docket, Partner Issues, Partner Profits, Rap, Wall Street
Morning Docket: 03.27.14
* The federal judiciary is hiring for staff and public defender positions lost during the government’s sequestration throughout the better part of last year. Ready, aim, fire those résumés! [Legal Times]
* New York Biglaw firms always manage to find their way to the top of the Am Law 100 rankings. When all’s said and done, being so close to Wall Street definitely has its perks. [Bloomberg Businessweek]
* Absolutely no one should be alarmed about the fact that Kasowitz Benson’s profits per partner have dropped by 15 percent — well, no one but the equity partners, that is. Have fun with that. [Am Law Daily]
* The managing partner of Jacoby & Meyers is worried people will think his personal injury firm is going under, not Jacoby & Meyers Bankruptcy. Either way, those commercials won’t die. [New York Law Journal]
* A professor at George Mason University Law was pepper sprayed IN THE FAAAAAACE by an unknown assailant in his classroom yesterday afternoon. We’ll obvious have more on this story later. [ARLNow]
* La Verne is the first law school to offer flat-rate tuition. There will be no scholarships and no discounts. Students will pay $25K/year, nothing more, nothing less. This is, dare we say, wise. [National Law Journal]
* “Passion over pension.” Mekka Don, the Weil Gotshal corporate lit attorney turned rapper, just released his first CD, and it’s all about leaving Biglaw to follow his dreams. Go buy it here (affiliate link). [MTV]