Major Law Firms to Receive Millions from $2.13 Billion Opioid Settlement Fund
A court-appointed panel recommended the distribution of $2.13 billion in legal fees from national opioid settlements. Major law firms will…
law firms
Legal Professionals Embrace Flexible Attendance Policies: A New Era Post-Pandemic
Significant Shift in Satisfaction In a notable shift from the sentiments immediately following the COVID-19 pandemic, a majority of legal…
Big Law Firms Integrate Generative AI Training for Summer Associates
As generative AI technology continues to revolutionize the legal profession, prominent law firms like K&L Gates, Dechert, and Orrick Herrington…
A&O Shearman Merger: Big Law’s New Player
The recent merger of London-based Allen & Overy and New York's Shearman & Sterling has birthed A&O Shearman, the world's…
Troutman Pepper and Locke Lord in Merger Talks
Troutman Pepper Hamilton Sanders and Locke Lord, two prominent U.S. law firms, have confirmed they are engaging in discussions about…
Settlement Reached in Lawsuit Over Copycat Court Filing
U.S. law firm Winston & Strawn has reached a settlement in an unusual copyright lawsuit brought by a smaller firm,…
Global M&A Activity Surges in Q1 2024: Law Firms Navigate Bigger Deals
In the realm of global mergers and acquisitions (M&A), the first quarter of 2024 saw a notable surge in activity,…
Legal Industry’s Compensation Evolution: A Closer Look
In recent times, shifts in partner compensation structures within elite law firms have captured the attention of legal industry observers.…
Retaining Talent: The Rise of Bonuses Structured as Forgivable Loans in Law Firms
In the competitive landscape of law firms, a novel approach is emerging to retain valuable partners and ensure the satisfaction…
Decline in Lateral Hiring Persists for Second Consecutive Year
Law firms are continuing to scale back on lateral hiring of lawyers for the second year in a row, following…
Cravath Elevates Clerkship Bonuses to Competitive Heights
Cravath, known for its distinguished stature in Biglaw compensation, has historically lagged in clerkship bonuses compared to its counterparts. While…
Assessing Marketability of Legal Practice Areas Across the United States
Unlocking Insights: BCG Attorney Search Releases "State of the Lateral Law Firm Legal Market 2024" Report In the dynamic realm…