Amid the near-daily announcements of BigLaw firms and boutiques clamoring to match the new market scale for associate salaries unveiled in June, several law firms are exploring ways to augment their offerings to young attorneys in ways that cannot be measured in dollars and cents.
The American Bar Association reduced its executive director's pay from $1.25 million in 2015 to $1.17 million in 2016, documents made public Friday show, but Law360 has learned that a bigger pay cut for the executive is in the works as the organization grapples with declining membership and dues revenue, as well as layoffs.
As law firm managers look ahead to the second half of 2018, their overall confidence in both the U.S. and global economies has taken a modest dip, although faith in their firms' performance is as strong as ever, according to a survey released Thursday by Citi Private Bank.
The law firms on Law360’s Global 20 ranking have a broad reach that spans the globe. With offices and attorneys standing ready to deftly handle complex challenges, these firms take on everything from high-stakes transactions to legal brawls that play out on multiple fronts.
Confident that the recession is in the rearview mirror, managing partners at law firms are predicting revenue and profit growth this year, according to the latest report from Citi Private Bank.
Partners at Allen & Overy LLP will have the option to work four days a week or take advantage of other flexible schedule arrangements as part of a new initiative designed to retain more women partners, the firm announced Thursday.
Goodwin Procter LLP has revealed that it plans to shift away from lockstep compensation, softening the blow to associates by saying they're eligible to be considered for 2009 bonuses if they billed at least 1,850 hours.
Wilson Sonsini Goodrich & Rosati PC has reportedly issued another round of layoffs, this time cutting about 20 staff positions.
The U.S. Senate confirmed the appointment of District Judge Beverly Martin to the U.S. Court of Appeals for the Eleventh Circuit on Wednesday in a 97-0 vote.
Morgan Lewis & Bockius LLP on Wednesday offered associates additional insight into how the firm will calculate base salaries and bonuses now that lockstep compensation has fallen by the wayside.
Drinker Biddle & Reath LLP shed light Tuesday on how it will compensate young attorneys under its recently adopted merit-based compensation model.
A New York state judge has refused to end a tiff between Paul Hastings Janofsky & Walker LLP and a legal recruiting company that claims the law firm failed to pay a £300,000 ($491,000) placement fee for finding a corporate partner for its London office.
Fees from alternative billing contributed about $7 billion in revenue in 2008 among the nation's top 100 law firms, and the use of alternative fee structures is likely to increase in coming years, according to a new report from legal consulting firm LegalBizDev.
Active mentoring, resolute outreach and less doctrinaire approaches to recruitment are among the initiatives that have helped a select group of leading law firms establish some of the most diverse offices in the legal industry, according to a new study commissioned by Fenwick & West LLP.
As competition for work in the legal industry heats up, some firms are creating new positions to address the pressure for better client services.
Apple Inc. head corporate lawyer Charles Charnas has broken ranks with the technology giant, on the heels of the departure of ex-general counsel Daniel Cooperman, who brought Charnas into the fold.
Seyfarth Shaw LLP has implemented yet another round of cost-cutting measures, parting ways with about 20 attorneys and 20 staff members from a total of about 1,500 employees nationwide.
The U.S. House of Representatives has approved a bill to give the U.S. comptroller general — head of the Government Accountability Office — explicit authority to pursue litigation against agencies that withhold critical information, as well as increase the GAO's ability to access government records.
Washington-based Dickstein Shapiro LLP, which adopted a merit-based system of compensation several years ago, has announced it will pay first-year associates rates starting at $145,000, while the most advanced associates will be eligible to earn up to $265,000.
Carl J. Nichols has decided to join WilmerHale LLP one year after wrapping up a four-year stint at the U.S. Department of Justice, where he most recently served as principal deputy associate attorney general.
To extend its geographic reach, Chicago firm Querrey & Harrow Ltd. has forged a strategic alliance with Peoria, Ill.-based boutique Hunziker Law Group LLC, the firms announced Wednesday.
Companies in the technology, media and telecommunications industries paid their general counsels more than companies in other sectors, according to a report by Equilar, an executive compensation research firm.
Justices on the New York State Court of Appeals on Tuesday seemed determined to find a solution to end the decade-long impasse between the state's judicial and legislative branches over judicial pay raises, grilling counsel to find out what, if any, remedy would mend the ongoing dispute.
Schulte Roth & Zabel LLP has reportedly laid off 34 associates, one staff attorney and one special counsel.