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When a Smaller Firm is the Smarter Choice

These days, among managing partners of Am Law 200 firms, it’s rare that a week goes by without receiving a merger or acquisition offer. Law firms announced a record-breaking 79 mergers and acquisitions in the first three quarters of 2018, according to Altman...

A Practice Plan of Your Own

Partners in leading law firms excel at guiding clients through business cycles and around the obstacles of corporate disputes, but when it comes to plotting their own careers, many never find the time. They’re so consumed with fulfilling the tasks at hand, and so...

Law Firm Overcapacity? Not in New York

“Equity partners are not busy enough at 51 percent of all law firms,” declares Altman Weil’s 2018 survey on the state of the legal market post-recession. It’s a stinging report, one that depicts a market glutted with “chronically underperforming lawyers” who siphon...

Succession

Ask partners in management at the nation’s leading law firms about what worries them most these days, and you won’t hear them express fears of a market downturn; they’re not losing sleep wondering when the current boom might bust, nor fretting about their strengths in...

“Let’s Stay in Touch:” The Long Game in Legal Recruiting

A few weeks ago, when I described to a colleague how I’d been talking with a partner for eight years before facilitating his move to a different firm, he was surprised. “Eight years?” he asked. “Isn’t that unusual?” Most legal recruiters would have replied with a...

When a Smaller Firm is the Smarter Choice

These days, among managing partners of Am Law 200 firms, it’s rare that a week goes by without receiving a merger or acquisition offer. Law firms announced a record-breaking 79 mergers and acquisitions in the first three quarters of 2018, according to Altman...

2018 and Beyond: A Radical Turnaround in Lateral Associate Hiring?

Among Big Law associates, 2018 should go down as a banner year. A majority of Am Law 200 firms adopted sweeping pay increases. Several firms continued last year’s positive trends, including expansion of gender-neutral parental leave policies as well as remote-work...

A Practice Plan of Your Own

Partners in leading law firms excel at guiding clients through business cycles and around the obstacles of corporate disputes, but when it comes to plotting their own careers, many never find the time. They’re so consumed with fulfilling the tasks at hand, and so...

Law Firm Overcapacity? Not in New York

“Equity partners are not busy enough at 51 percent of all law firms,” declares Altman Weil’s 2018 survey on the state of the legal market post-recession. It’s a stinging report, one that depicts a market glutted with “chronically underperforming lawyers” who siphon...

Succession

Ask partners in management at the nation’s leading law firms about what worries them most these days, and you won’t hear them express fears of a market downturn; they’re not losing sleep wondering when the current boom might bust, nor fretting about their strengths in...

“Let’s Stay in Touch:” The Long Game in Legal Recruiting

A few weeks ago, when I described to a colleague how I’d been talking with a partner for eight years before facilitating his move to a different firm, he was surprised. “Eight years?” he asked. “Isn’t that unusual?” Most legal recruiters would have replied with a...

Lateral Associates Gain Leverage From 2018 Pay Hikes

As Labor Day rolls around and first-year associates embark on their careers at AmLaw 200 firms, it’s an opportune time to reflect on how the salary and bonus increases triggered this summer by Milbank, Tweed, Hadley & McCoy and Cravath, Swaine & Moore will...

Law Firm Partner Options When You’re Not Ready to Retire

Two years ago, when Irell & Manella’s Morgan Chu hit 65, his partners were more than happy to make an exception to the firm’s mandatory retirement policy. After all, Chu's not just an uncontested giant in intellectual property and patent law; he’s also been...

When a Smaller Firm is the Smarter Choice

These days, among managing partners of Am Law 200 firms, it’s rare that a week goes by without receiving a merger or acquisition offer. Law firms announced a record-breaking 79 mergers and acquisitions in the first three quarters of 2018, according to Altman...

2018 and Beyond: A Radical Turnaround in Lateral Associate Hiring?

Among Big Law associates, 2018 should go down as a banner year. A majority of Am Law 200 firms adopted sweeping pay increases. Several firms continued last year’s positive trends, including expansion of gender-neutral parental leave policies as well as remote-work...

A Practice Plan of Your Own

Partners in leading law firms excel at guiding clients through business cycles and around the obstacles of corporate disputes, but when it comes to plotting their own careers, many never find the time. They’re so consumed with fulfilling the tasks at hand, and so...