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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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BCG Attorney Search's Guide to Corporate and Finance Practice Areas

Have you ever wondered what it is that corporate and finance lawyers do? If you haven’t actually worked as an attorney....

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How Mid-Sized Law Firms Stay Competitive and Attract the Best Attorneys

Attorneys often gravitate toward large or small firms after law school. Learn how mid-sized firms can remain competitiv....

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How Small Firms Can Steal Away Star Prospects from Large Firms

Attorneys are attracted by firms where they can feel important and inspired. It should go without saying that not every ....

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Special Hiring Considerations for Senior Associate Attorneys

After several years of practice, the same four factors identified previously become increasingly important in firms’ e....

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Guide to Law Firm Associate Hiring, Training, and Promotion

This in-depth guide shows you how to bring new associates into your firm and covers the hiring, training and promotion ....

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The Inside Scoop on How to Hire the Very Best In-House Counsel

Are you looking to fill attorney in-house openings in your company but don't know how? Learn how to hire the attorneys ....

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Law Firm Mergers: Why Law Firms Join Forces

There have always been law firm mergers, but this year brought the largest law firm merger (by headcount) to date.....

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The Law Firm Lifecycle: Why Some Firms Fail

Law firms are just like any other organization, sometimes achieving great success, and other times going defunct. This ....

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BCG Guide to Growth, Mergers, and Branch Offices

Learn how to plan for growth in your law firm in this comprehensive guide.....

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Sample Law Firm Policy for Childbirth and Parenting Leave

We have provided a sample childbirth and parenting leave policy that you can use as a reference in developing or fine-t....

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The 9 Most Important Characteristics of the Best Law Firm Training Programs

I spoke recently with a very bright and talented young woman, a recent graduate of a good law school who was contemplati....

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Give Your Law Firm a Competitive Advantage by Understanding This Process

Learn the purpose of business intelligence in a law firm and four basic rules on how to use it successfully.....

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How to Position Your Law Firm's Value More Effectively in the Legal Market

The achievement of value convergence will greatly benefit your law firm. Learn the steps you need to take to achieve va....

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Has the Profitability of Your Law Firm Plateaued?

Learn what the drivers of profitability are in your law firm and how to ensure that your firm’s profitability continu....

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Effective Teamwork Strategies for Law Firms

Learn the four stages of group development, how each stage applies to groups in law firms, and how to develop effective....

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