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October 10, 2024 | International Edition

Cleary Creates Nonequity Partner Tier, Calling For 'Innovation and Adaptation'

"We are not doing it to create a different leverage model within the firm," said managing partner Michael Gerstenzang. "We are doing it to create more opportunities in promotion and development."

5 minute read
July 7, 2024 | International Edition

The Political Dilemmas Facing Law Firm Leaders

As several law firms close offices, the Global Lawyer examines how leaders are navigating intense pressure to perform amid challenging conditions, mirroring the quandaries faced by political leaders.

6 minute read
June 28, 2024 | International Edition

Sullivan & Cromwell Resists 'Radical' Partnership, Compensation Changes

Leaders of the Wall Street giant detail how they believe their approach to running a law firm—one that is increasingly unique among Big Law elite—is the best path forward for generational success.

8 minute read
June 20, 2024 | International Edition

Latham Mulls 'Super' Points for Partner Pay, as Industry Makes 'Tectonic' Comp Changes

"Super" points at Latham as well as the legal industry are gaining traction, some observers say.

5 minute read
June 18, 2024 | International Edition

Clifford Chance: Where Next for the UK's Original Private Equity Golden Child?

The firm's famed private equity offering has long been a place US firms hire from—but leaders Jonny Myers and Spencer Baylin believe the market is shifting in their favour.

10 minute read
May 29, 2024 | International Edition

Clifford Chance Latest Firm to Match £150K NQ Rate

The move, which draws the firm level with Linklaters and Freshfields, signals the start of a UK pay war and piles yet more pressure on A&O Shearman.

2 minute read
May 28, 2024 | International Edition

Largest Law Firms Increase Partner Pay Spread, as Comp Models Hit 'Inflection Point'

The Am Law 100 upped its average equity partner pay spread from 9.8-to-1 in 2022 to 10.3-to-1 in 2023, according to a sample of firms' data.

7 minute read
May 27, 2024 | International Edition

Is There a Maximum Number in This Salary Race?

What we need is a market peak, a Usain Bolt of the legal world that sets a junior lawyer pay rate so far ahead that no one can beat it, but AI might make the problem worse, writes the Global Lawyer.

6 minute read
December 22, 2023 | International Edition

Sachdev to Shawyer: The UK's Most Influential Hires of 2023

The year was awash with team hires, star exits and English law debuts, as certain big-name moves even prompted the industry to question one particular firm's very survival.

4 minute read
December 19, 2023 | International Edition

Simpson Thacher Hits Travers Again for Latest London Partner Hire

The firm is rebuilding in London following the shock exit of two long-standing partners to Kirkland & Ellis two months ago.

2 minute read