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Law Firm Partner Compensation: Equity vs Non-Equity and ROI Explained

Law firm partnership has never been a simple “make partner and share profits” milestone. Today’s partnership landscape is increasingly tiered, metric-driven, and designed to manage firm profitability—often by expanding non-equity roles while concentrating equity ownership. This recent report....

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The World's Largest Law Firms by Revenue in 2025

The global legal industry is a cornerstone of modern economies, generating immense revenue while addressing the complex needs of corporations, governments, and individuals. At the forefront of this sector are the world’s largest law firms, ranked by revenue, often dubbed "Big Law." These firms wie....

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How to Evaluate Law Firm Culture for Career Growth

Executive SummaryLaw firm culture profoundly shapes attorney satisfaction, retention, and advancement. With associate attrition fluctuating between 18–26% in recent years and major gaps in work-life norms across firm types, aligning with the right culture is a career-critical decision.....

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Winning the War for Talent: My Guide to Recruiting, Compensating, and Growing Small Law ....

Over my 25‑year career in legal recruitment, I’ve seen firsthand how small law firms and solo practitioners face unique challenges in hiring top legal talent and sustaining long-term growth. In one particularly candid conversation with a Houston-based firm owner, I discussed the hurdles of high ....

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Why Attorneys Leave Law Firms: The Real Reasons Behind Attorney Turnover and How to Build ....

The legal profession is facing an unprecedented crisis: 20% of law firm associates left their positions in 2024, according to the latest NALP Foundation report—up from 18% in 2023. Meanwhile, attorneys report feeling burned out 42% of the time, with mid- and senior-level associates experiencing bu....

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Have a Focused Search to Get Better Results for Your Lateral Hires

Seventy-five percent of all placement requests are for associates with two-to-four years of experience, largely because ....

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Basic Rules Regarding Recruitment and Compensation of Lateral Partners

Few areas have more potential for internal criticism and strife than determining the appropriate compensation level for ....

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Be Sure About Your Law Firm’s Business Objectives Before Hiring Laterals

In many firms, lateral hiring resembles a revolving door: Lawyers come in, spend three or more years with the firm, and ....

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How to Make Sure that Your Laterals Provide Value to the Firm

Most law firms have taken on a lateral who didn't produce as expected because something fell through the cracks during d....

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How Profitable is a Lateral Prospect

Lateral hires are on the rise, which means law firm leaders must review their due diligence practices, especially when c....

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How to Market Your Law Firm to Potential Lateral Hires

Marketing is now part and parcel of what it means to be successful with lateral recruitment, especially in a marketplace....

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Doing Risk Management When it Comes to Your Lateral Hires

When can hiring a lateral be detrimental to your law firm? All firms consider the impact the potential lateral hire will....

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How to Integrate New Lateral Hires in Your Firm

These days most law firms are constantly on the lookout for groups of laterals in key practice areas. While there's no d....

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Spot These Warning Signs about Your Lateral Acquisitions

BCG Attorney Search’s research, interviews, and informal conversations with law firm leaders suggest that lateral hire....

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Behavioral Interviewing Techniques to Help Your Law Firm Get Great Laterals

For the World’s Largest Collection of Law Firm Interview Resources Click HereHas your firm been hiring new associates ....

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How to Check that You Have Hired the Right Laterals

While the desire of your firm to land a promising lateral may be nigh overwhelming, caution is the watchword. Consider t....

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How to Conduct an Interview for Lateral Hires

For the World’s Largest Collection of Law Firm Interview Resources Click HereWhile law firms' lateral hiring pace is l....

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A Checklist and Questionnaire for Law Firms to Use When Hiring Lateral Partners

Going in for a lateral partner recruitment involves looking into a lot of details and making sure that all the mundane b....

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How to Recruit Great Lateral Attorneys

Many of the practices that lead to successful lateral hiring are basic common sense. In many instances, however, BCG Att....

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How to Identify Lateral Attorneys Capable of Becoming Good Partners

Today, most lateral associates enter their new firms with the understanding that the position is actually an opportunity....

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