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Andrew Maloney
I'm a Chicago-based reporter covering the business of law, focusing on national and global law firms for The American Lawyer, Law.com and other ALM publications. Reach out: [email protected].
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February 3, 2025
Some Elite Law Firms Are Growing Equity Partner Ranks Faster Than Others
Elite law firms are targeting lateral partner groups that can increase the firm’s wallet share with existing, significant clients.
By Andrew Maloney
1 minute read
January 29, 2025
Profits Surge Across Big Law Tiers; Am Law 50 Segmentation Accelerates
Revenue across law firm segments rose 12.5%, and with tight control over the size of equity partnerships, PEP increased by 16.9%, Wells Fargo said.
By Andrew Maloney
1 minute read
January 29, 2025
Law Firms 'Struggling' With Partner Pay Segmentation, as Top Rainmakers Bring In More Revenue
Some partners last year "doubled their book of business, and not just from $20 to $40 million, but $60 to $120 million," noted Blane Prescott. "More firms are struggling with: what should the top be?”
By Andrew Maloney
1 minute read
January 27, 2025
Law Firms Turn to 'Golden Handcuffs' to Curb Partner Movement
Many firms are increasingly implementing strategies such as clawbacks and deferred compensation to discourage partners from leaving, noted legal recruiter Mike Parrillo.
By Andrew Maloney
1 minute read
January 15, 2025
Law Firms Grapple With 'Friction' Over Nonequity Partner Pay
Pay for nonequity partners can approach or overlap with compensation of senior associates, counsel as well as some equity partners, firm leaders and consultants say.
By Andrew Maloney
1 minute read
January 8, 2025
Amid Talent Battles, Latham Focuses on Integrating Lateral Hires
The firm's integration program is a case study of the time and resources that some firms take to integrate lateral partners.
By Andrew Maloney
1 minute read
December 19, 2024
'A Wake-Up Call': Pressure for Law Firm Mergers Grows in 2024
Some analysts are predicting even more moves in 2025, even if the number of completed unions this year is likely to be on par or only slightly ahead of where it was in 2023.
By Andrew Maloney
1 minute read
December 16, 2024
Partner Pay Has Entered 'A Whole Different World'
Rapid changes to partner pay in Big Law will continue, experts say. Among nearly 200 firms, more than one-third plan to make changes to their equity partner compensation models over the next two years.
By Andrew Maloney
1 minute read
November 19, 2024
Law Firms See Double-Digit Profit Growth as Billing Rates Rise
Billing rate growth continues to drive law firms' performance in 2024.
By Andrew Maloney
1 minute read
November 7, 2024 | North America
Where Will Partner Hiring Surge Under Trump?
Under a better deal market, law firm lateral movement in corporate practices, such as private equity, funds, mergers and acquisitions and capital markets, will likely pick up.
By Andrew Maloney | Abigail Adcox
6 minute read
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