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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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Why Profits Per Partner Keep Increasing at Major US Law Firms

Major US law firms have continued to see increasing profits per partner over the last several years, even in a bad econ....

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Self-delusion among Law Firms

What holds back many law firms from achieving greatness? Self-delusion about their current market position.....

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What Causes Associates to Leave Law Firms?

Growing concern about associate attrition is an industry-wide phenomenon. Why is associate retention such a big issue, ....

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Benefits and Drawbacks of Two-Tier Partnerships in Law Firms

What are the benefits and drawbacks of creating a non-equity career path? What are successful firms doing to manage non....

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What Is the Best Partner Compensation System?

Good compensation systems are a management tool that promotes firm stability and puts the emphasis on merit and perform....

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The Law Firm Guide to Considering a Part-time Work Arrangement Policy for Attorneys

There are in fact many compelling reasons for a firm, corporation, or other workplace to offer alternative work-time op....

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The Importance of Law Firm Mentoring Programs

There is no doubt mentoring is extremely important to the careers of associates. It is extremely important that law fir....

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Why Alternative Work Arrangements Make Sense for Law Firms

A new generation of lawyers is breaking traditions and redefining the practice of law. Here’s why alternative work ar....

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Symptoms of a Dysfunctional Law Firm That Makes Associates and Partners Flee

This above all:To thine own self be trueAnd it must follow, as the night the day,Thou canst not then be false to any man....

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How to Hire In-house Counsel (and the Benefits of Hiring In-house Counsel)

When it comes to the delivery of legal services, most companies that have on site in-house counsel end up saving money,....

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Solving Lawyer Career Dissatisfaction: How to Create a Culture That Makes Attorneys Happy

Career dissatisfaction among lawyers is a popular topic right now, and is causing many attorneys to leave the legal pro....

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Top Ways for Law Firms to Increase Associate Satisfaction and Increase Associate Retention: What Law Firm Associates Really Want from Their Jobs

The increasingly complex and competitive legal marketplace has forever altered the expectations of both law firms and a....

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Top 5 Ways to Help Your Attorneys Avoid Overworking and Becoming Addicted to Working All the Time

Here are the top 5 ways you can let associates know that the work they are doing is important, that their well-being is....

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How a Good Legal Recruiter Finds the Best in You and Communicates It to Employers: How to Define Your Unique Selling Proposition

How does a good recruiter get their candidates differentiated? By creating a Unique Selling Proposition – or USP. Her....

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What Characteristics Should I Look for in a Legal Recruiter?

These are the qualities which distinguish good recruiters from poor ones.....

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