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Law Firm Profitability
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$20M and Still Going: Is Partner Pay a Bubble?
By Andrew Maloney | July 11, 2024
According to some industry observers, $25 million to $30 million is the new top rung for valuable laterals, high-performing partners and some Big Law leaders. It's still very rare, but not unfathomable.
6 minute read
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Shoosmiths, Watson Farley Join Double-Digit Revenue Growth Club
By Louis Altmann | July 11, 2024
The firms are among several to have posted significant growth for 2023/24, indicating a reinvigorated market.
2 minute read
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A&O Profits Hit £1B in Run Up to Merger
By Jack Womack | July 11, 2024
The pre-merger results are an improvement on last year, when the firm's pre-tax profits and PEP both decreased.
2 minute read
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Linklaters Hits £2B Revenue, Profit Up 10%
By Jack Womack | July 9, 2024
The firm's U.S. revenue rose by nearly a quarter in the latest financial year, it announced on Tuesday, continuing a run of strong U.K. firm financials.
3 minute read
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Big Law Leader: 'Stay True to Foundational Principles'
By Richard A. Rosenbaum | July 8, 2024
Current trends—overpaying at the top, avoiding fundamental change, and allowing culture to take a back seat to money—do not constitute a recipe for long-term success.
4 minute read
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Large Law Firms Scrutinised in Latest Climate Research
By Habiba Cullen-Jafar | July 8, 2024
Over the past five years, Herbert Smith Freehills has facilitated over £180 billion worth of fossil fuel transactions.
3 minute read
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The Political Dilemmas Facing Law Firm Leaders
By Paul Hodkinson | July 7, 2024
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
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Watch: It's Law Firm Results Season, and the Numbers are Surprising
By Krishnan Nair | July 5, 2024
Despite a rocky 2023, the results announced so far have been unexpectedly strong. In this video, Law.com International managing editor Krishnan Nair explains how that might be.
1 minute read
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HFW Latest Firm to Post Double-Digit Revenue Growth
By Jack Womack | July 4, 2024
Almost 60% of HFW's total revenue is now generated outside the U.K., the firm said.
2 minute read
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Underperforming Partners Hurt Law Firm Profits, Survey Finds
By Dan Roe | July 3, 2024
Two in three firms are planning to act on partner underperformance in the next couple years, per Edge International's recent survey on partner performance management.
3 minute read
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$20M and Still Going: Is Partner Pay a Bubble?
By Andrew Maloney | July 11, 2024
According to some industry observers, $25 million to $30 million is the new top rung for valuable laterals, high-performing partners and some Big Law leaders. It's still very rare, but not unfathomable.
6 minute read
-
Linklaters Hits £2B Revenue, Profit Up 10%
By Jack Womack | July 9, 2024
The firm's U.S. revenue rose by nearly a quarter in the latest financial year, it announced on Tuesday, continuing a run of strong U.K. firm financials.
3 minute read
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Lockstep Compensation Isn't Just for the Most Elite Law Firms
By Mimi Lamarre | July 8, 2024
"There's no fighting over the origination or billing status," noted one midsize firm leader about lockstep pay.
5 minute read
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The Political Dilemmas Facing Law Firm Leaders
By Paul Hodkinson | July 8, 2024
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
-
Watch: It's Law Firm Results Season, and the Numbers are Surprising
By Krishnan Nair | July 5, 2024
Despite a rocky 2023, the results announced so far have been unexpectedly strong. In this video, Law.com International managing editor Krishnan Nair explains how that might be.
1 minute read
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Few Big Law Firms With Single-Tier Partnerships Are Left. They Aren't Talking About It.
By Patrick Smith | July 4, 2024
Some law firms with a single-tier partnership structure say they aren't moving away from it, at least for now. Still, many single-tier firms don't want to openly discuss their structure.
5 minute read
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Skadden, Wachtell and Goodwin Top First-Half M&A Tables, as Megadeals Rachet Up
By Mimi Lamarre | July 3, 2024
Mergers and acquisitions valued at over $10 billion were up 70% from last year to $363.4 billion, while private equity-backed M&;A was up 36% to $369.5 billion.
4 minute read
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Underperforming Partners Hurt Law Firm Profits, Survey Finds
By Dan Roe | July 3, 2024
Two in three firms are planning to act on partner underperformance in the next couple years, per Edge International's recent survey on partner performance management.
3 minute read
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Real Estate, Tech Investments Drive Borrowing Across Am Law 200
By Alexander Lugo | July 3, 2024
Over 71% of firms reporting to The American Lawyer that they maintained debt last year were in the Second Hundred, but some Am Law 100 firms also have spending needs that have them turning to credit.
5 minute read
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Few Big Law Firms With Single-Tier Partnerships Are Left. They Aren't Talking About It.
By Patrick Smith | July 2, 2024
Some law firms with a single-tier partnership structure say they aren't moving away from it, at least for now. Still, many single-tier firms don't want to openly discuss their structure.
5 minute read
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