By Dan Roe | February 4, 2025
Partners’ disclosures about portable business and overall market conditions will influence upcoming transitions away from guaranteed compensation.
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By Jon Campisi | January 28, 2025
Dechert claims that former senior project attorney Kathleen Fay, who had been hired on a temporary basis, was erroneously paid more than $132,000 after her temporary work was revoked and that she has thus far failed to reimburse the firm.
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By Andrew Maloney | January 28, 2025
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?”
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By Greg Andrews | January 24, 2025
If generative AI allows a task that used to take 100 hours to require only 50, suddenly billing by the hour loses its allure.
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By Andrew Maloney | January 24, 2025
Many firms are increasingly implementing strategies such as clawbacks and deferred compensation to discourage partners from leaving, noted legal recruiter Mike Parrillo.
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By Allison Dunn | January 21, 2025
Throughout the lengthy litigation, the plaintiff brought in dozens of attorneys from nationally-ranked firms like Nixon Peabody to boutique Chicago firms such as O'Rourke & Moody and Luetkehans, Brady, Garner & Armstrong, among others.
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By Andrew Maloney | January 16, 2025
When it comes to compensation raises for counsel, they can end up in “no man’s or no woman’s land,” said Jeff Lowe at CenterPeak.
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By Andrew Maloney | January 14, 2025
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.
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By Andrew Maloney | January 13, 2025
While partner bonuses remain a strong and flexible tool to reward lawyers, the more firms lean on them, the more likely it is they can cause confusion or dismay, some observers say.
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By Lean Adviser | January 10, 2025
For many of our readers it’s self-evaluation season. The obvious question is where do you start? Should you just dive straight in and write your magnus opus? Here’s a better idea, your home for legal practice guidance is always Lean Adviser, and here is our killer checklist for completing your self-evaluation form.
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