Law firm news by topic » BigLaw

Is the BigLaw model in peril?

Dec 2, 2010 A series of high profile transatlantic mergers between law firms that are ‘in less-than-brilliant shape’ has prompted commentators to question the future of the BigLaw model. This article suggests that those…

more »

BigLaw bonuses won't make you happy

Nov 30, 2010 This article points out that the big law model requires a high level of attrition, and maximum profit is achieved if a good number of associates leave after three or four years. In this context, it is easy to see…

more »

US Government lawyers see a two year salary freeze

Nov 30, 2010 The US Government has taken the step of freezing salaries on federal employees for two years. Lawyers who left big law looking for some stability during the recession can look forward to an even bigger pay cut, or…

more »

Billing Rates Projected to Increase 3.2% in 2010

Dec 2, 2009 BigLaw firms are shrinking and so are associate salaries. But billing rates are expected to go up next year. In the latest survey from the law firm consultancy Altman Weil, firms reported they project an average…

more »

Despite Downturn, Top UK Lawyers Make Mega-Money

Nov 12, 2009 Although the economic downturn has lightened the wallets of even the highest-paid lawyers, many are still bringing home seven-figure paychecks. Among the top London-based BigLaw firms, partners made about 20 percent…

more »