Category: Legal industry

White & Case Shatters $3B Revenue Barrier with 12.5% Surge

White & Case Shatters $3B Revenue Barrier with 12.5% Surge. White & Case has achieved a significant milestone, surpassing the $3 billion mark in revenue for 2024, with a 12.5% increase to $3.3 billion. This impressive growth has also driven a 27% rise in profit per equity partner (PEP), reaching $4 million. The results signal […]

Texas Bar Considers Ban on Lawyer Partnerships with Non-Attorneys

Texas Bar Considers Ban on Lawyer Partnerships with Non-Attorneys The State Bar of Texas is exploring a potential rule change to prohibit lawyers from forming partnerships with non-attorneys, aiming to protect the independence of the legal profession and uphold strict ethical standards. If implemented, this proposal would mark a significant shift in Texas, where the […]

Cooper Levenson Strengthens Litigation Team with Ex-Blank Rome Litigator

Cooper Levenson Strengthens Litigation Team with Ex-Blank Rome Litigator Cooper Levenson has made a strategic addition to its team by welcoming James J. Quinlan, a seasoned litigator with an impressive background in complex commercial litigation and risk management. Quinlan joins the firm after serving as Chief Legal Officer at a tech company specializing in social […]

High-Profile Breakaway: Former DLA Piper Affiliate Lawyers Launch COSRO Advogados in Brazil

High-Profile Breakaway: Former DLA Piper Affiliate Lawyers Launch COSRO Advogados in Brazil In one of the largest legal migrations Brazil has seen in recent years, a team of lawyers, including six partners and two dozen other professionals, has departed from DLA Piper’s Brazil affiliate, Campos Mello Advogados, to form COSRO Advogados. The newly launched firm, […]

BREAKING: Milbank Takes Lead in Associate Bonus Announcements

BREAKING: Milbank Takes Lead in Associate Bonus Announcements. Milbank is setting the standard once again, showing they mean business when it comes to rewarding associates. After leading with market-topping summer bonuses, Milbank has become the first major Biglaw firm to unveil its year-end bonus structure, sure to lift the spirits of associates. The firm’s bonus […]

Dentons Appoints Kate Barton as Global CEO, Succeeding Elliott Portnoy

Dentons Appoints Kate Barton as Global CEO, Succeeding Elliott Portnoy. The world’s largest law firm, Dentons, has appointed Kate Barton as its new Global Chief Executive Officer, succeeding Elliott Portnoy, who retired after completing his term. The appointment was announced by the firm’s Global Board of Directors and Global Advisory Committee in July. Mrs. Barton […]

Top U.S. Law Firms Expand and Face New Challenges: Key Hires, High-Profile Lawsuits, and Industry Shifts in Compensation and Work Culture

In the first week of November, the U.S. legal sector experienced significant developments, from high-profile hires and expanding practice areas to class-action lawsuits and surging partner compensation. As law firms adapt to a competitive and evolving industry, these shifts reveal emerging trends in compensation, work culture, and strategic growth that are reshaping the legal landscape. […]

A&O Shearman Transitions to All-Equity Partnership: What This Means for the Legal Landscape

A&O Shearman Transitions to All-Equity Partnership: What This Means for the Legal Landscape In a bold move that is shaking up the legal industry, A&O Shearman is shifting to an all-equity partnership model, implementing a three-tier modified lockstep system for partner remuneration. This transition comes as the firm integrates following its recent merger, marking a […]

Goodwin Procter Sets the Record Straight: No Layoffs Amid Speculation

Goodwin Procter Sets the Record Straight: No Layoffs Amid Speculation In the ever-shifting landscape of Biglaw, rumors of layoffs can spread like wildfire, leaving employees and industry watchers on edge. Recently, Goodwin Procter, a top 16 law firm boasting an impressive $2.24 billion in revenue for 2023, found itself at the center of these unsettling […]