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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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Top 14 Ways Law Firms Can Recruit and Retain Minority Attorneys

Does your firm actively seek out minority applicants for attorney positions? If you are waiting for minority lawyers and....

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Top 7 Rules for Law Firms Conducting Call Back Interviews of Law Students

For the World’s Largest Collection of Law Firm Interview Resources Click HereParticipating in the call-back interview ....

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Annotated Retained Search Agreement

Use this sample annotated retained search agreement in drafting an agreement with a legal recruiting firm.Introductory ....

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How to Hire a Legal Recruiter for Your Law Firm: How Law Firms Recruit Attorneys Using Legal Recruiters

This article discusses many of the questions most often raised by law firms about their search firm relationships. There....

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What Makes BCG Attorney Search the Greatest Legal Recruiting Firm in the World

CEO of BCG Attorney SearchThe very foundation of BCG Attorney Search is built upon the ever-present need to constantly i....

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Why Your Firm Should Use Social Media for Social Recruiting: How to Do it Right

Across the business world, recruiting has changed drastically, responding to the styles, preferences, and culture of the....

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I’m Working with a Recruiter That Has Submitted Me to Firms But I Don’t Have Any Results. Should I Switch Recruiters?

BCG Attorney Search is a legal placement firm and not a legal recruiting firm. There is a huge difference. Read....

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Why Lateral Attorneys Leave and What You Can Do About It

How successful has your firm been with its laterals? Even if your firm has few problems luring qualified lateral hires, ....

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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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Avoiding Mistakes When It Comes to Lateral Acquisitions

In 2001, the NALP Foundation for Research and Education released its groundbreaking study, The Lateral Lawyer: Why They ....

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Is Your Pay Structure Causing a Partner Exodus?

Were most of your partners satisfied when the firm allocated remaining profits last year?....

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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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