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Fried Frank Harris Shriver & Jacobson, McDermott Will & Schulte LLP and Dechert LLP are among the law firms following the lead of Cravath Swaine & Moore LLP on year-end associate bonuses this week, with at least five large firms matching the market leader within a day of Cravath's Tuesday announcement.
Law360 Pulse went beyond the numbers to examine how industry, law firm experience and education shape the pay of top-earning S&P 500 general counsel. Here's what we found.
While the pay packages for most legal leaders in the corporate space remains strong — especially because of hefty stock awards and bonuses — there are large gaps in compensation even among the top 10 earners in the U.S.
Find out which S&P 500 general counsel earns the most and how pay differs across industries. Explore every detail in our interactive compensation graphic.
The number of lateral moves for associates, counsel and partners seeking greener pastures is outpacing last year, which is both good and bad news for legal employers, according to law firm leaders and search firms.
A New York federal judge on Tuesday rejected Reed Smith LLP's latest effort to intervene on behalf of the purported former owners of international shipping company Eletson Holdings in Eletson's $102 million breach-of-contract litigation with rival Levona, saying the firm can't represent the holding company post-bankruptcy "by repeated incantation."
Multiple firms swiftly fell in line Tuesday evening just hours after Cravath Swaine & Moore LLP announced associate bonuses in line with those offered last year, continuing a long tradition of BigLaw firms following Cravath's lead on compensation.
Eighty-three percent of U.S. and Canadian associates receive a yearly annual review, but there is room for improvement in how law firms evaluate their attorneys' performance, according to a new study.
In an order that noted an attorney's remorse, a Connecticut federal judge sanctioned a solo practitioner $500 this week for submitting a brief packed with false, AI-generated case citations, finding the fake authorities wasted court resources, risked misleading a pro se litigant and undermined trust in the judicial system.
The primary factor determining whether a law firm associate receives a year-end bonus is not individual performance, firm performance, or firm citizenship. Instead, it is the number of billable hours they've logged, according to the results of a new survey from Law360 Pulse.
The nonequity partner tier is expanding across law firms, but compensation within this group varies widely, ranging from associate-level pay to earnings on par with equity partners. A deciding factor in where they fall on the scale, experts say, is often who brings in the clients.
Most lawyers say they’re satisfied with their compensation— but at firms that are open about pay, satisfaction nearly doubles. Explore our latest analysis of law firm compensation practices and what drives top talent.
Increasing demand and especially rising billing rates have made for a strong first nine months of 2025 for the legal industry, according to a report released Monday by Wells Fargo's Legal Specialty Group, with the top 50 firms by revenue seeing the best performance.
With a February trial date looming, Gibson Dunn & Crutcher LLP has asked a Connecticut state judge's permission to stop representing the former president of a company behind the popular "Josh Cellars" wine brand, claiming unpaid legal bills and an alleged breakdown of the attorney-client relationship require its withdrawal.
Potter Anderson's representation of Pfizer in a suit against Novo Nordisk and Burr & Forman's work on a $500 million joint partnership lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Oct. 31 to Nov. 14
McDermott Will & Schulte's confirmation that it is considering taking investment from private equity is part of a wider wave of law firms of all sizes actively exploring the novel maneuver amid mixed opinion as to whether it makes sense for BigLaw.
Sidley Austin LLP and Orrick Herrington & Sutcliffe LLP lead this week's edition of Law360 Legal Lions, after a Washington federal jury cleared Novo Nordisk of allegations that it defrauded the state's Medicaid and Medicare systems by paying kickbacks and promoting off-label use to illegally boost prescriptions of its hemophilia drug NovoSeven.
The legal industry had another busy week with more lateral hires and leadership changes, and one BigLaw firm exploring private equity investments.
A group of former federal judges on Thursday condemned what they called "inflammatory remarks" last week by Deputy U.S. Attorney General Todd Blanche detailing the U.S. Department of Justice's "war" with "rogue activist" judges.
Hurwitz Sagarin Slossberg & Knuff LLC, a firm led for years by a pair of onetime prosecutors and veteran trial lawyers, recently decided to get back to its roots and sharpen its focus on complex litigation following the departure of its land use team.
Former Cramer & Anderson LLP partner Robert L. Fisher Jr. has asked the Connecticut Supreme Court to hear an appeal of his manslaughter conviction directly instead of letting it go to the lower Connecticut Appellate Court first.
The Connecticut-based Shipman & Goodwin LLP has absorbed the bulk of the attorneys from local Boston firm Tarlow Breed Hart & Rodgers PC, creating its first Massachusetts office, with the co-heads of the new office saying that the move follows a year of discussion and that the two firms were a strong cultural fit.
A Vermont federal court correctly imposed a reduction in attorney fees in a retaliation case based on billed hours but should not have further reduced the fees based on the worker's overall success, the Second Circuit has ruled.
The attorneys chosen as Law360's 2025 MVPs have distinguished themselves from their peers by securing significant achievements in high-stakes litigation, complex global matters and record-breaking deals.
President Donald Trump Monday urged the U.S. Supreme Court to overturn writer E. Jean Carroll's $5 million sexual assault civil verdict win against him, saying the verdict resulted from "striking departures" from federal evidence rules that will repeat in other future cases unless the high court corrects them.
In order to attract and retain the rising millennial generation's star talent, law firms should break free of the annual review system and train lawyers of all seniority levels to solicit and share frequent and informal feedback, says Betsy Miller at Cohen Milstein.
Lawyers can take several steps to redress the lack of adequate LGBTQ representation on the bench and its devastating impact on litigants and counsel in the community, says Janice Grubin, co-chair of the Judiciary Committee at the LGBT Bar Association of Greater New York.
Krill Strategies’ Patrick Krill, who co-authored a new study that revealed alarming levels of stress, hazardous drinking and associated gender disparities among practicing attorneys, highlights how legal employers can confront the underlying risk factors as both warnings and opportunities in the post-COVID-19 era.
While international agreements for space law have remained relatively unchanged since their creation decades ago, the rapid pace of change in U.S. laws and policies is creating opportunities for both new and veteran lawyers looking to break into this exciting realm, in either the private sector or government, says Michael Dodge at the University of North Dakota.
Series
Ask A Mentor: What Makes A Successful Summer Associate?
Navigating a few densely packed weeks at a law firm can be daunting for summer associates, but those who are prepared to seize opportunities and not afraid to ask questions will be set up for success, says Julie Crisp at Latham.
Law firms can attract the right summer associate candidates and help students see what makes a program unique by using carefully crafted messaging and choosing the best ambassadors to deliver it, says Tamara McClatchey, director of career services at the University of Chicago Law School.
Opinion
Judges Deserve Congress' Commitment To Their Safety
Following the tragic attack on U.S. District Judge Esther Salas' family last summer and amid rising threats against the judiciary, legislation protecting federal judges' personal information and enhancing security measures at courthouses is urgently needed, says U.S. District Judge Roslynn Mauskopf, director of the Administrative Office of the U.S. Courts.
Series
Ask A Mentor: How Can Recalcitrant Attys Use Social Media?
Social media can be intimidating for reluctant lawyers but it can also be richly rewarding, as long as attorneys remember that professional accounts will always reflect on their firms and colleagues, and follow some best practices to avoid embarrassment, says Sean Marotta at Hogan Lovells.
Neville Eisenberg and Mark Grayson at BCLP explain how they sped up contract execution for one client by replacing email with a centralized, digital tool for negotiations and review, and how the principles they adhered to can be helpful for other law firms looking to improve poorly managed contract management processes.
Series
Ask A Mentor: How Can Firms Coach Associates Remotely?
Practicing law through virtual platforms will likely persist even after the pandemic, so law firms and senior lawyers should consider refurbishing their associate mentoring programs to facilitate personal connections, professionalism and effective training in a remote environment, says Carol Goodman at Herrick Feinstein.
As the U.S. observes Autism Acceptance Month, autistic attorney Haley Moss describes the societal barriers and stereotypes that keep neurodivergent lawyers from disclosing their disabilities, and how law firms can better accommodate and level the playing field for attorneys whose minds work outside of the prescribed norm.
Many legal technology vendors now sell artificial intelligence and machine learning tools at a premium price tag, but law firms must take the time to properly evaluate them as not all offerings generate process efficiencies or even use the technologies advertised, says Steven Magnuson at Ballard Spahr.
While chief legal officers are increasingly involved in creating corporate diversity, inclusion and anti-bigotry policies, all lawyers have a responsibility to be discrimination busters and bias interrupters regardless of the title they hold, says Veta T. Richardson at the Association of Corporate Counsel.
Every lawyer can begin incorporating aspects of software development in their day-to-day practice with little to no changes in their existing tools or workflow, and legal organizations that take steps to encourage this exploration of programming can transform into tech incubators, says George Zalepa at Greenberg Traurig.
As junior associates increasingly report burnout, work-life conflict and loneliness during the pandemic, law firms should take tangible actions to reduce the stigma around seeking help, and to model desired well-being behaviors from the top down, say Stacey Whiteley at the New York State Bar Association and Robin Belleau at Kirkland.