Paul Weiss fancied itself clever when it offered Trump pro bono payola in exchange for dropping an illegal executive order. Instead, it keeps hemorrhaging senior lawyers with more departing to join the recent rainmaker spinoff and associates reportedly high on the new firm’s wish list. While litigators are largely driving defections from surrender firms, at what point does a hollowed out litigation department start to impact the firm as a whole? Harvard Law Review found itself harassed by the government and it looks like the reason might be a snitch burrowed into the White House. And the one-track partnership model took more hits with Debevoise agreeing adding a nonequity tier and Ropes & Gray considering following suit.
[An earlier version of this description said both firms had already greenlit a non-equity tier]
The Law Firm’s Guide To Trust Accounting And Three-Way Reconciliation
Proper trust accounting and three-way reconciliation are essential for protecting client funds and avoiding serious compliance risks. In this guide, we break down these critical processes and show how legal-specific software can help your firm stay accurate, efficient, and audit-ready.