Partner Profits
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Federal Government, Money, Politics
Trump White House Lawyers: How Much Are They Worth? (Part 3)
One of these legal eagles has a nine-figure fortune. -
Federal Government, Money, Politics
Trump White House Lawyers: How Much Are They Worth? (Part 2)
Meet a Biglaw associate (not partner) who earned more than $800,000 last year. - Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms. -
Associate Salaries, Biglaw, Partner Issues
Could Biglaw See Another Associate Pay Raise -- Followed By A Recession?
Another pay raise is possible; another recession is likely.
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Biglaw, Politics
More Peeks Inside The Black Box Of Jones Day
In the era of Donald Trump, Jones Day is the Biglaw name on everyone's lips. -
Biglaw, Partner Issues
Top Firms Get Richer In Otherwise Poor Year For The Legal Industry
Citi releases its annual survey results, and your industry outlook depends on what kind of firm you are. -
Boutique Law Firms, Money, Partner Issues, Small Law Firms
Beyond Biglaw: Running The Numbers
A big difference between Biglaw and boutiques: the level of personal involvement by partners in financial matters. -
Biglaw, Midsize Firms / Regional Firms, Partner Issues, Small Law Firms
Profits Margins In Law Firms – Dumb And Dumberer
Profit margin is a dangerous metric to use in comparing law firm profitability, per managing partner Bruce Stachenfeld. -
Morning Docket
Morning Docket: 12.19.16
* Uh-oh! What’s going on at Kirkland & Ellis? Sources say that the firm recently changed its framework for allocating equity partner profits, making deep cuts to some partners’ shares. Litigation partners were reportedly hit so hard by these changes that multiple sources called the situation a “bloodbath.” We’ll have more on this later. [Am Law Daily]
* Talk about a money shot: Attorneys Paul Hansmeier and John Steele, formerly of Prenda Law, have been charged in a “massive extortion scheme” after allegedly uploading porn videos they produced themselves to file-sharing websites so they could then sue those who downloaded the films for copyright violations. [NBC News]
* Kerrie Campbell, the Chadbourne & Parke partner who sued her firm for $100 million over allegations of gender discrimination, has asked a court to dismiss C & P’s counterclaim, referring to the claims therein as “in terrorem tactic” to silence other women at the firm and elsewhere who have similar bias claims. [Big Law Business]
* Here’s a question that far too many law school deans were faced with this fall: “What’s the best way to share a school’s bad bar exam results?” Some chose to be blunt and others chose to be empathetic, but at the end of the day, the news is devastating to recent graduates, so there’s only so much one can really do to soften the blow. [ABA Journal]
* Charleston church gunman Dylann Roof was convicted on federal hate crime charges and is now awaiting the punishment phase of his trial. In case you didn’t know, he’s also waiting to stand trial on state murder charges, which means he’s the first person in the modern era to face the possibility of federal and state death penalty sentences. [Reuters]
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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… -
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Biglaw, Bonuses, Money
Associate Bonus Watch: Cravath Announces Its 2016 Associate Bonuses!
Hooray! The 2016 Biglaw bonus season is now underway! -
Biglaw, Partner Issues, Partner Profits
The Evolving Law Firm Partnership: Divergent Perspectives
Should Biglaw firms become more like corporations, or should they return to their roots as partnerships? -
Biglaw, Partner Issues, Partner Profits
5 Tips For Improving Law Firm Profitability
In today's challenging climate, what can a law firm do to improve its bottom line? -
Biglaw, Money, Rankings
The Global 100: The Richest Law Firms In The World (2016)
Which law firm had the highest revenue on the planet?
Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
Legal AI: 3 Steps Law Firms Should Take Now
The Business Case For AI At Your Law Firm
Sponsored
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
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Biglaw, Partner Issues
In Major Overhaul, Biglaw Firm Creates Two-Tier Partnership To Boost Profits
This is a pretty bold move. -
Biglaw, Partner Issues
It Takes Two To Fill The Shoes Of Peter Kalis At K&L Gates
Many expected these two prominent partners to wind up in leadership roles. -
Biglaw, Partner Issues
K&L Gates After Peter Kalis's Reign
Finding someone to fill Peter Kalis's shoes will not be easy. -
Biglaw, Partner Issues
Peter Kalis Won't Run For Re-Election As Chair Of K&L Gates
What will Peter Kalis's legacy at the firm look like? -
Morning Docket
Morning Docket: 08.23.16
* We’re very sorry about this, reporters, but Simpson Thacher & Bartlett partner Jeffrey E. Ostrow is not Ryan Lochte’s lawyer. Stop contacting him seeking comments about Lochte’s Olympic misdeeds. Get in touch with Jeffrey M. Ostrow of Kopelowitz Ostrow with your inquiries instead. [WSJ Law Blog]
* Per a new report, President Enrique Peña Nieto of Mexico pulled off what Vice President Joe Biden did back in his law school days by allegedly plagiarizing about a third of his law school thesis, chalking it up to some “style errors.” We’ll have more on this later today. [New York Times]
* Transgender children, teenagers, and young adults returning to school will have one more thing to be anxious about now that an Obama administration policy that would have allowed them to use the bathrooms and locker rooms of their choice has been blocked by a nationwide injunction. This issue may wind up before SCOTUS. [Reuters]
* As it turns out, it’s not just King & Wood Mallesons that’s been holding off on paying profit distributions to partners. London-based Ashurst has also forced partners to wait to receive their quarterly due, citing a double-digit percentage drop in annual revenue and profits per equity partner careening to an 11-year low. Ouch! [Law.com]
* Many first-year law students are kicking off their law school careers this week, and they seem to be very nervous. First things first: Calm down, and take a deep breath. Here are some tips and tricks to help you out as you try to adjust to your new lives in the hallowed halls of law schools across the country. 🙂 [Law Admissions Lowdown / U.S. News]
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Biglaw, Money, Partner Issues
Uh-Oh! Why Is This Biglaw Firm Deferring Partner Profits?
This firm may not be out of the woods just yet... -
Biglaw, Partner Issues
Law Firm Growth Continues... Slowly
Profits are up, and things are looking good.