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How Large Law Firms Process Lateral Applications: The Definitive Guide to BigLaw Hiring

Author's Note & MethodologyThis article combines inside interview-based insights with public industry guidance and law firm policy examples. Primary source materials include a detailed transcript discussion with former Reed Smith internal recruiter Anelyse DeVries, the National Association for L....

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2026 Am Law 100 Most Profitable Law Firms: Profits Per Equity Partner & Revenue Per ....

The 2026 Am Law 100 rankings make one thing clear: BigLaw profitability is no longer just about size. While gross revenue still matters, the most important story for attorneys, law firm leaders, recruiters, and legal industry analysts is found in the deeper metrics—profits per equity partner, reve....

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How Law Firms Evaluate Lateral Associates by Experience Level

For lateral associates, hiring is rarely just about whether a firm has an opening. It is about whether your class year makes sense for the work, the billing rate, the training level, and the long-term economics of bringing you in. That is why BCG Attorney Search’s report, Lateral Associate Hiring ....

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Attorney Compensation by Practice Area: What Each Specialty Pays and Why

Understanding attorney compensation across different practice areas is crucial for law students, recent graduates, and experienced attorneys considering career transitions. In 2026, the legal profession continues to demonstrate significant salary variations based on specialty, with some practice are....

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2026 BCG Attorney Search Legal Talent Movement Report: Key Trends Shaping the Legal ....

The 2026 BCG Attorney Search Legal Talent Movement Report delivers one of the most comprehensive analyses of attorney lateral hiring, law firm growth, and shifting talent patterns in today’s competitive legal market. As firms continue to adapt to economic cycles, evolving client demands, and inten....

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Overhead Costs of Ancillary Businesses

Seeking to differentiate their firms in a competitive legal marketplace by providing a broader range of services, an inc....

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How to Save Your Law Firm If It is in Trouble

Day One It’s Friday afternoon, and you are the new Managing Partner of an old-line law firm in a significant legal mar....

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The Challenge of Risk Management in Law Firms

One of the stark new realities facing law firm leaders and managers across the country is a dramatic increase in the ris....

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Auditing Law Firm Relationships

Few would question the value of external financial auditing, even in legal partnerships where it is not a statutory requ....

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Issues Faced Between Clients and Their Lawyers

The dissonance between what lawyers think they’re selling and what clients want to buy is often stunning. Nor is the p....

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Talk and Listen to Your Clients

Now, more than ever. If your firm has ever considered conducting formal client feedback interviews, but has been unable ....

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Taking Action Based on Client Preferences

Way back when, lawyers served as holistic counselors to their clients, offering sage advice in a host of areas, includin....

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Retiring Partners and Unfunded Law Firm Commitments

The issues surrounding retiring partners and compensation have created problems for many law firms. While not universall....

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The Argument for Eliminating Lock-Step Partner Compensation

Eliminate Lock-Step Model and Reward Performance, Not Time ServedBeginning at the end of 1999, law firms began accelerat....

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Think Differently, Specialize and Prosper

This is an exciting time to be a new partner in a law firm. The legal market has experienced several years of record pro....

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The Price of Leadership in Law Firms

Simply put, if the job of a manager is "to make the trains run on time," the job of a leader is to ask where we should l....

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Capital Planning for Law Firms

As law firms review their capitalization, they need to consider the costs of operations and strategic initiatives as wel....

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Pay to Win—How to Make Your Law Firm's Compensation System an Asset

Nothing can create more tension and controversy in a law firm than partner compensation. At their best, compensation sys....

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Planning for Partner Retirement

A partner’s retirement can have an adverse financial impact on a law firm unless proper planning is done. This is part....

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The Emphasis on New Clients and Partner Compensation

There are as many variations of partner compensation plans as there are law firms. Most are well intended and targeted a....

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