Partners Assessing a Secondary Market Move: Finding the Right Firm and Office
Back in December, we suggested that the expansion of Am Law firms into new secondary markets may have been the defining Am Law firm story of 2022, and we explained some of the many reasons why partners at Am Law firms in major cities are moving to secondary markets in unprecedented numbers. As the 2023 […]
Biglaw Partners: Are You Capturing a Fair Share of Your Revenue?
If you are a Biglaw partner, you may have heard this compensation rule of thumb: you should be taking home a third of the revenue you generate for the firm. The 33% rule has the advantage of being simple, and it makes for a reasonable starting point. But to really know whether you are capturing […]
Testing the Market as a Law Firm Partner
If you are a law firm partner, there are many reasons why you might consider switching firms. A competitor may offer a better platform and stronger bench, enabling you to serve your clients more effectively and ultimately generate more business. Another firm may feature a different geographic footprint that could better align with your practice […]
More Bang for the Buck: Hiring Lateral Partners In Groups Is Gaining Popularity
Paul Hastings has been doing a lot of hiring lately. Same as many other firms, right? Actually, not quite. Paul Hastings has been in the headlines not for bringing on many new partners, but for hiring partners in groups. In March, the firm poached a group of 43 restructuring attorneys from Stroock & Stroock & […]